Many Canadian workers will be getting a pay raise next year, but it’s probably best not to get your hopes up.

Insurance and risk management company Gallagher released its 2025/2026 Salary Planning Survey for non-unionized employees on Thursday, and overall, the forecast does not look promising. However, workers in certain sectors will receive a larger pay raise than those in other sectors.

“With forecasts of an economic slowdown in 2025 and 2026 from organizations such as the Organization for Economic Co-operation and Development (OECD), Canadian employers are navigating a challenging landscape of tighter budgets, slower growth, and rising unemployment,” reads the report.

According to Gallagher’s findings, nearly two-thirds of organizations that participated in the survey indicated that

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