Average weekly earnings of non-farm payroll employees in Canada grew 9% year-on-year to CAD 1,140 in February of 2021, the largest gain since last June, 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. The increase was led by arts, entertainment & recreation (29 percent to CAD 793); information and cultural industries (21.3 percent to CAD 1,686) and Administrative and support, waste management and remediation services (11.6 percent to CAD 950). Meanwhile, earnings declined primarily in utilities (-6.3 percent to CAD 1,899). 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 May 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.