As employers adopt new hiring strategies, Canada’s labour market remains resilient, with employment numbers tripling economists’ projections in January. The Canadian economy added 211,000 jobs from November through January, the largest three-month increase since early 2023. The unemployment rate also fell to 6.6% in January, and the labour force participation rate is rising. Additionally, the Bank of Canada decided to cut interest rates for the sixth consecutive time, leaving the door open for further cuts throughout 2025.

To combat the challenges resulting from uncertainty, organizations in key sectors like technology, finance, and operations are responding to emerging trends. From embracing AI and automation opportunities to addressing cybersecurity gaps and upskilling opportunities, companies are getting creative to separate themselves from their competition. They aren’t just looking to fill roles—they want talent solutions that meet their long-term goals and help build resilient, adaptable teams. This shift highlights the importance of a relationship-driven approach to hiring—where businesses collaborate with talent partners who not only understand their unique needs challenges, but offer flexible solutions tailored to current market conditions.

Companies that adopt a flexible and strategic approach to talent—combining contract, project-based, and permanent hires—will be in a significantly stronger position to capitalize when market conditions stabilize.