Average weekly earnings of non-farm payroll employees in Canada inched down 0.1 percent year-on-year to CAD 1,138 in May of 2021, and went up 0.9 percent on a monthly basis. It was the first decrease since October of 2016, amid ongoing public health restrictions. 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 steepest losses were seen in management of companies & enterprises (-8.0 percent to CAD 1,550); retail trade (-4.5 percent to CAD 641); accommodation & food services (-3.9 percent to CAD 457); and healthcare & social assistance (-2.3 percent to CAD 996). Earnings fell in most Canadian provinces, most significantly in Prince Edward Island (-6.2 percent to CAD 934); Newfoundland & Labrador (-5.5 percent 1,079); and the Northwest Territories (-3.7 percent to CAD 1,517). 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 July 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.