Average weekly earnings of non-farm payroll employees in Canada grew 9.1 percent year-on-year to CAD 1,112 in April of 2020, following a downwardly revised 3.2 percent rise in the prior month. It was the largest gain in earnings since available records began in January of 1992, led by arts, entertainment & recreation (25.8 percent to CAD 770); accommodation & food services (13.7 percent to CAD 466); information and cultural industries (10.2 percent to CAD 1,400) and finance & insurance (7.2 percent to CAD 1,464). Meanwhile, wages declined in mining, quarrying, and oil & gas extraction (-2.9 percent to CAD 2,082) and professional, scientific & technical services (-0.4 percent to CAD 1,449).
Wage Growth in Canada averaged 2.28 percent from 1992 until 2020, reaching an all time high of 9.10 percent in April 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 July 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.