Average weekly earnings of non-farm payroll employees in Canada rose 1.8 percent year-on-year to CAD 1,133 in July of 2021, and advanced 1 percent on a monthly basis. It was the steepest increase since March, as Ontario joined other Canadian provinces in the reopening process. The latest reading continues to reflect 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 & cultural industries (14.8 percent to CAD 1,611); utilities (10.7 percent to CAD 1,911); mining, quarrying, and oil & gas extraction (5.7 percent to CAD 2,217); and other services, excluding public administration *5.5 percent to CAD 967). Across Canadian provinces, earnings rose the most in British Columbia (4.4 percent to CAD 1,143); Yukon (3.9 percent to CAD 1,286); and Nova Scotia (3.2 percent to CAD 985). 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 October 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.