Average weekly earnings of non-farm payroll employees in Canada rose by 3.9% year-on-year to $1,228 in January 2024, with 13 of the 20 sectors reporting increases. The largest gains were registered in retail trade (+9,600; +0.5%), manufacturing (+7,300; +0.5%), finance and insurance (+6,900; +0.8%), information and cultural industries (+6,000; +1.7%) and transportation and warehousing (+5,200; +0.6%). These gains were partially offset by declines in construction (-3,500; -0.3%) and management of companies and enterprises (-1,800; -1.5%). The remaining five sectors recorded little change. source: Statistics Canada
Wages in Canada increased 3.90 percent in January of 2024 over the same month in the previous year. Wage Growth in Canada averaged 2.48 percent from 1992 until 2024, reaching an all time high of 10.10 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 April of 2024.
Wages in Canada increased 3.90 percent in January of 2024 over the same month in the previous year. Wage Growth in Canada is expected to be 3.00 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 1.30 percent in 2025, according to our econometric models.