Does your company plan to upgrade or replace its current HR, Payroll, or Workforce Management Systems? If so, when?
On January 18, 2024, The Conference Board of Canada’s Chief Economist, Pedro Antunes, presented an exclusive 60-minute session that shed light on the most likely path forward for Canada’s economy in 2024 and 2025.
In recent months, employment held steady while wages continued to rise at uncomfortably high levels. Strong population growth also added to demand pressures, especially for housing. And many small businesses have been struggling with soft revenues and high operating costs.
Canada’s economy has stalled as the pinch of high inflation and high interest rates finally slowed consumer spending. This indicates that monetary tightening is working. The question that remains is whether the slowdown will suffice to fully stamp out excess inflation.
Session Highlights of the 2024 Canadian Economic and Labour Outlook:
- Gain a better perspective on whether Canada and the global economy are still headed for a mild slowdown.
- Learn how Canadian households and businesses are faring under the stress of high interest rates and other cost challenges.
- Hear how Canada’s labour market is evolving as a surge in immigration helped slacken labour market pressures.