24 Canadian Companies Creating Jobs While U.S. Firms Downsize

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While American tech giants and Wall Street darlings are busy trimming their workforces, Canada is witnessing a healthy chorus of job creation. A mix of strong fiscal policy, resource-based revenues, and stable banking practices means these 24 Canadian companies are hiring like in 1999.

Shopify Inc. (Ottawa, ON)

After a brief round of layoffs in 2022 and 2023, Shopify has come back stronger, with a focus on AI and international expansion. As of 2024, Shopify employs over 10,000 people globally, strongly emphasizing Canadian talent. Despite economic uncertainty and tech layoffs in the U.S., Shopify has continued to invest in innovation and job creation. In 2023, the company also sold its logistics business to Flexport, allowing it to refocus on core e-commerce tools, driving stronger margins and sustainable growth. While Amazon lays off workers, Shopify hires them to help mom-and-pop shops become digital empires.

Loblaw Companies Limited (Brampton, ON)

Loblaw is Canada’s grocery giant. In 2023, the company announced plans to invest over $2 billion to open 38 new stores, renovate 700 others, and create over 6,000 new jobs nationwide. This expansion reflects a stable business model and underscores the company’s commitment to domestic economic growth. As U.S. corporations tighten their belts, Loblaw’s investment strategy offers a counterpoint, bolstering Canadian communities while maintaining a solid economic footprint.

Magna International (Aurora, ON)

This auto parts titan revives the hiring engine, especially in Ontario and Michigan. While American firms trim their payrolls in response to EV transition costs and supply chain disruptions, Magna has invested heavily in electric and autonomous vehicle technologies, including partnerships with companies like LG Electronics and Fisker Inc. In 2023, Magna announced a $470 million investment in Ontario, creating 1,000 new jobs.

CN Rail (Canadian National Railway) (Montreal, QC)

Canadian National Railway (CN Rail), headquartered in Montreal, QC, operates North America’s only transcontinental rail network, spanning approximately 32,000 km from the Atlantic to the Pacific and down to the Gulf of Mexico. It plans to hire thousands of conductors, engineers, and tech wizards to modernize its 32,000 km rail network, especially as global supply chains demand reliability over speed.

Telus Communications (Vancouver, BC)

Telus is not just about cell towers and Wi-Fi routers. The company has expanded its health tech (Telus Health), agriculture tech (Telus Agriculture), and AI ventures, all while reinforcing its commitment to social capitalism and sustainability. In 2023, Telus was ranked among Canada’s Top 100 Employers and has pledged over $1 billion annually in network infrastructure upgrades.

Sun Life Financial (Toronto, ON)

Unlike U.S. financial firms shedding analysts like last season’s fashion, Sun Life embraces digital transformation with gusto. Sun Life’s investment in digital infrastructure and hybrid work models has boosted employee retention and client satisfaction. Their acquisition of DentaQuest in the U.S. and a focus on sustainable finance have also enhanced their global footprint.

OpenText Corporation (Waterloo, ON)

One of Canada’s tech stalwarts, OpenText, is hiring engineers on a spree. OpenText’s 2023 acquisition of British software firm Micro Focus for $6 billion has further bolstered its growth and global footprint, with leadership reaffirming commitments to invest in talent across Canadian offices. The company benefits from Canada’s strong R&D incentives and a stable talent pool, making it a haven for innovation during a period of U.S. industry contraction.

Bruce Power (Tiverton, ON)

Based in Tiverton, Ontario, Bruce Power is a Canadian nuclear power company that plays a crucial role in the country’s energy sector while contributing significantly to local employment. As the world’s largest operating nuclear facility, Bruce Power provides approximately 30% of Ontario’s electricity, all emissions-free. According to the Canadian Nuclear Association, it employs over 4,200 full-time staff and supports over 22,000 direct and indirect jobs across Ontario.

McCain Foods (Florenceville, NB)

Yes, the French fry empire. McCain Foods, headquartered in Florenceville, New Brunswick, is a Canadian multinational and the world’s largest producer of frozen potato products. The company operates in over 160 countries and employs more than 22,000 people globally. Despite economic uncertainties and widespread downsizing among U.S. food producers, McCain has expanded its Canadian operations.

Couche-Tard / Circle K (Laval, QC)

Alimentation Couche-Tard Inc., headquartered in Laval, Québec, is a Canadian success story in the global convenience and fuel retail sector. Operating under banners like Circle K, it boasts over 14,000 stores across 24 countries and territories. In Canada alone, it employs over 26,000 people and supports around 122,000 jobs globally. Also, expanding aggressively across North America and Europe, it’s adding thousands of retail and management jobs, plus some in green energy, as they roll out EV charging stations.

BMO Financial Group (Toronto, ON)

BMO is one of the few North American banks not grumbling about too many employees. As of 2024, BMO employs over 53,000 people globally, with a significant portion in Canada. This hiring momentum follows its $16.3 billion acquisition of Bank of the West in 2023, significantly expanding its U.S. footprint while retaining staff to support cross-border operations. BMO’s strategy focuses on long-term growth and digital innovation, avoiding short-term cost-cutting measures. In Q1 2024, BMO reported $2.15 billion in adjusted net income, underscoring strong performance and confidence in staffing expansion.

Canadian Tire Corporation (Toronto, ON)

Canadian Tire has invested heavily in innovation and infrastructure, including its $400 million investment in a state-of-the-art distribution center in Brampton, Ontario. CTC’s emphasis on Canadian ownership and domestic hiring contrasts with recent job cuts by U.S. firms facing inflation and e-commerce competition. With over 1,700 retail locations nationwide, Canadian Tire remains a symbol of economic resilience and national pride.

Air Canada (Montreal, QC)

As of 2024, Air Canada employs over 30,000 people, with around 20,000 based in Canada. While American counterparts streamline, Air Canada steers ahead, waving the maple leaf with pride (and decent benefits). Eh, who knew patriotism could fly business class?

Cameco Corporation (Saskatoon, SK)

Another nuclear player, Cameco, is doubling uranium production to meet the demand for clean energy. As one of the world’s largest uranium producers, Cameco operates mines like Cigar Lake and Key Lake, names that sound like Bond villain lairs but are major job creators in Northern Saskatchewan. It’s creating hundreds of mining and safety engineering jobs in Saskatchewan.

Intact Financial Corporation (Toronto, ON)

As the largest provider of property and casualty insurance in the country, Intact isn’t just keeping the lights on; it’s flipping the switch on growth. Also, with over 29,000 employees and operations across Canada and parts of the U.S. (via its savvy acquisition of OneBeacon and RSA’s Canadian, UK, and international operations), Intact is proof that maple syrup isn’t the only thing flowing north.

Ballard Power Systems (Burnaby, BC)

Ballard’s clients span Europe, China, and even the U.S. As of 2024, they employ over 800 people and are expanding, fueled by growing demand for zero-emission transport. With partnerships like Siemens (trains) and Canadian bus maker NFI, Ballard isn’t just surviving the green transition. It’s revving it up. Canada gets jobs, the planet gets cleaner air, and Ballard gets bragging rights.

CGI Inc. (Montreal, QC)

One of Canada’s biggest IT consulting firms, CGI, is bringing in talent across cloud infrastructure, cybersecurity, and business analytics. In contrast, companies like Meta, Google, and Amazon have cut over 200,000 tech jobs since 2022. Meanwhile, CGI keeps hiring in Canada, proving you don’t have to break hearts to balance budgets. The firm recently announced plans to invest $1 billion into AI and emerging tech, emphasizing growth, not gloom.

Aritzia (Vancouver, BC)

This Canadian company isn’t just selling Super Puffs and effortless chic; it’s creating jobs at a time when many are slipping into layoffs like last season’s jeans. In 2024, Aritzia opened a new distribution center in Ontario, adding hundreds of positions while expanding its U.S. retail footprint with new stores in Los Angeles and New York. It turns out that luxury athleisure and algorithmic marketing are a match made in heaven.

SNC-Lavalin / AtkinsRéalis (Montreal, QC)

Rebranded and rejuvenated, this engineering giant is now riding a green infrastructure boom. After a rocky past (yes, we remember the scandals), AtkinsRéalis has rebranded harder than a boy band in the 2000s, snagging multi-billion-dollar contracts like the $2.6B REM light rail project. While U.S. firms like Jacobs and AECOM shrink their footprints, SNC’s Canadian pride is on full display, like maple syrup on everything.

Pembina Pipeline Corporation (Calgary, AB)

Pipelines might not sound futuristic, but Pembina invests in carbon capture and hydrogen transport. Additionally, the company is constructing a new 55,000 bpd fractionator at its Redwater Complex, boosting total capacity to 256,000 bpd, with an expected in-service date in the first half of 2026. These initiatives demonstrate Pembina’s commitment to growth and contribute to job creation in Canada, offering a silver lining amidst the cloudy downsizing trends seen elsewhere.​

Lightspeed Commerce (Montreal, QC)

​Lightspeed Commerce, the Montreal-based point-of-sale software wizard, has been on a rollercoaster ride lately. In early 2023, they trimmed about 300 jobs to streamline operations after a shopping spree of acquisitions. Then, in a plot twist, they announced plans to hire 150-200 new staff by the end of their fiscal year, focusing on roles that would charm premium clients.

Wealthsimple (Toronto, ON)

The Toronto-based fintech marvel plans to triple its Alberta workforce to 105 employees by the end of 2025, making up about 10% of its total staff. Founded in 2014, Wealthsimple now manages over C$50 billion in assets. They’ve transformed from a modest startup into a financial powerhouse, creating jobs faster than a beaver builds dams. So, while some are downsizing, Wealthsimple is upsizing, proving that not all heroes wear capes—some offer commission-free trading instead.​

Brookfield Asset Management (Toronto, ON)

With over 30 positions currently up for grabs in Ontario, including roles like Financial Analyst and Senior Financial Analyst, Brookfield proves that not all companies are tightening their belts. Brookfield isn’t just about numbers; it’s about people, boasting approximately 250,000 operating employees across more than 30 countries. And, despite a dip in net income in 2023, they ambitiously aimed to raise US$150 billion that year. ​

SkipTheDishes (Winnipeg, MB)

​SkipTheDishes, the Winnipeg-born food delivery darling, has served meals since 2012. However, in August 2024, they decided to trim the fat, laying off 100 Canadian employees, with an additional 700 cuts from their parent company, Eat Takeaway.com. CEO Paul Burns described this as a “comprehensive review and restructuring.” SkipTheDishes assures us that their Winnipeg headquarters remains open, and your favorite poutine will still arrive on time despite these cuts.

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