Average weekly earnings of non-farm payroll employees in Canada advanced 7.4 percent year-on-year to CAD 1,125 in March of 2021, reflecting a number of factors, including the changes over the period in the number of hourly paid and largely lower-paid employees, compared with salaried employees, and changes in the industries of employment. The largest gains were seen in information and cultural industries (19.1 percent to CAD 1,618); forestry, logging and support (12.8 percent to CAD 1,293); management of companies and enterprises (11.8 percent to CAD 1,586); arts, entertainment and recreation (9.7 percent to CAD 732); and construction (8.6 percent to CAD 1,362). Across Canadian provinces, employees saw their earnings rise the most in Ontario (9.9 percent to CAD 1,171); British Columbia (8.0 percent to CAD 1,111); and Manitoba (7.6 percent to CAD 1,009). source: Statistics Canada
Wage Growth in Canada averaged 2.44 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 June of 2021.
Wage Growth in Canada is expected to be 3.50 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 3.00 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.