Average weekly earnings of non-farm payroll employees in Canada grew 6.6% year-on-year to CAD 1,110 in November of 2020, following a downwardly revised 5.6% gain in the previous month, as job losses due to COVID-19 pandemic have been concentrated among hourly and largely lower-paid employees. Payroll employment fell in the services-producing sector (-0.4%; -45,500), the first decline since May and was concentrated in accommodation and food services (-48,200), with smaller declines in several other sectors, including arts, entertainment and recreation (-8,800) and transportation and warehousing (-6,700). Employment in the goods-producing sector was little changed. Payroll employment in the services-producing sector and the goods-producing sector was 6.8% and 4.7% below the pre-COVID level, respectively. source: Statistics Canada
Wage Growth in Canada averaged 2.39 percent from 1992 until 2020, reaching an all time high of 10.30 percent in May of 2020 and a record low of -0.40 percent in May of 2001. This page provides - Canada Average Weekly Earnings YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Average Weekly Earnings YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Wage Growth in Canada is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Canada to stand at 3.50 in 12 months time. In the long-term, the Canada Average Weekly Earnings YoY is projected to trend around 3.50 percent in 2022 and 3.20 percent in 2023, according to our econometric models.