Average weekly earnings of non-farm payroll employees in Canada grew 8.7 percent year-on-year to CAD 1,118 in July of 2020, following a downwardly revised 9.3 percent rise in the previous month. The increase was led by arts, entertainment & recreation (17.7 percent to CAD 734); educational services (12.4 percent to CAD 1,180); real estate and rental and leasing (11.2 percent to CAD 1,189); administrative and support, waste management and remediation services (10.6 percent to CAD 907); and finance & insurance (10.4 percent to CAD 1,513). Meanwhile, earnings dropped in utilities (-5.8 percent to CAD 1,792); and forestry, logging & support (-2.9 percent to CAD 1,172). The total weekly payroll for all employees rose for a second consecutive month in July, up 5 percent compared with June. This brought the total weekly payroll to 95.1 percent of its pre-COVID level.
Wage Growth in Canada averaged 2.33 percent from 1992 until 2020, reaching an all time high of 10.40 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 September of 2020. source: Statistics Canada
Wage Growth in Canada is expected to be 4.00 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 2021 and 3.20 percent in 2022, according to our econometric models.