Navigating Canada’s Evolving Labour Market: LMIC Experts Share Insights, Challenges and Opportunities- Sept 29, 2025
Overview of the Webinar:
Canada’s workforce is aging, with mature workers, those aged 55 and above, now representing over 20% of all workers. This trend poses a significant risk of labour and skills shortages as retirements accelerate. These challenges are particularly acute in key sectors like trades, transportation and business and finance, where reliance on mature workers is highest. Without strategic workforce planning, businesses may struggle to maintain productivity, and the broader economy could face significant impacts.
Drawing from LMIC’s latest research, this webinar explores the implications of Canada’s aging workforce. Join us to learn how to identify high-risk occupations and regions using tools like the replacement ratio, a critical measure of labour market health. We will engage with participants to explore how this can be a useful tool as part of strategic workforce planning and meeting the expectations of a changing workforce.
Why Career Practitioners Should Attend:
This webinar will help CDPs understand the risks and opportunities associated with Canada’s aging workforce. Participants will explore the impact of retirements on key sectors across Canada, understand the replacement ratio as a tool for assessing labour market vulnerability, and examine strategies for managing the transition as mature workers exit the workforce.
Through this session, participants will gain a clearer understanding of the labour market impacts of retirements and how to guide organizations in developing strategies for workforce renewal. Participants will leave with practical knowledge to identify and address labour shortages in specific occupations and regions, along with actionable insights to better support workforce planning — from addressing skills gaps to fostering knowledge transfer in high-risk sectors.
Key Learning Takeaways:
- Understand the implications of Canada’s aging workforce on labour market stability and economic resilience
- Learn to use the replacement ratio to assess workforce vulnerability and identify high-risk sectors
- Apply data-driven insights to develop workforce planning strategies for sectors at risk of labour shortages
- Insights into supporting mature workers and preparing for their transitions out of the workforce
- Strategies to help organizations navigate the economic impacts of an aging workforce
Presenters:
Laura Adkins-Hackett, Economist, LMIC
Laura Adkins-Hackett is an economist with over 10 years of experience researching different topics to better understand the Canadian labour market and economy. In her role at LMIC, Laura contributes to labour market research and analysis to support the use of labour market information in Canada. She is passionate about understanding why the economy works the way it does and how to best use labour and other resources to improve the lives of Canadians.