Average weekly earnings of non-farm payroll employees in Canada rose by 5.3% year-on-year to $1,284.43 in October 2024, the fastest pace since March 2021, following a downwardly revised 4.9% increase in September. Gains were reported in all sectors, with notable increases in finance and insurance (+12.4% to $1,792), wholesale trade (+8.7% to $1,570), and professional, scientific and technical services (+7.5% to $1,863). source: Statistics Canada
Wages in Canada increased 5.30 percent in October of 2024 over the same month in the previous year. Wage Growth in Canada averaged 2.53 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 January of 2025.
Wages in Canada increased 5.30 percent in October of 2024 over the same month in the previous year. Wage Growth in Canada is expected to be 4.40 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 1.90 percent in 2025 and 1.70 percent in 2026, according to our econometric models.