2min chapter

The Loonie Hour cover image

Canadian Wages are Dropping at an Alarming Pace

The Loonie Hour

CHAPTER

The Negative 3% Real Wage Growth in Canada

Wage growth data spiked during the pandemic. That's obviously a sampling issue. But last month was revised down. Average weekly earnings fell to 1.85% year on year. Real wage growth, which is wage growth adjusted for inflation is now negative 3%.

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