Average weekly earnings of non-farm payroll employees in Canada rose 2.6 percent year-on-year to CAD 1,138 in August of 2021 and advanced 0.7 percent on a monthly basis. It was the steepest increase since March, as all jurisdictions in Canada have implemented final or near-final stages of their public health reopening plans. The largest gains were seen in accommodation and food services (11.6 percent to CAD 473), information and cultural industries (11.5 percent to CAD 1,572), administrative and support, waste management and remediation services (9.6 percent to CAD 957), and mining, quarrying, and oil and gas extraction (9.1 percent to CAD 2,240). Across Canadian provinces, earnings rose the most in Newfoundland and Labrador (2.2 percent to CAD 1,129), Quebec (2 percent to CAD 1,074), and Ontario (1 percent to CAD 1,175). source: Statistics Canada
Wage Growth in Canada averaged 2.43 percent from 1992 until 2021, 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 November of 2021.
Wage Growth in Canada is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.