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Average Hourly Wages (YoY)

The average hourly wages released by Statistics Canada measure the increase in the salaries earned by the permanent employees in Canada. Generally speaking, a rise in this indicator has positive implications for consumer spending, which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the CAD, while a low reading is seen as negative or bearish.

Most recent - Friday 8 September 2023 12:30

Previous
5%
Revised
-
Actual
5.2%

Next event - Friday 6 October 2023 12:30

Previous
5.2%
Actual
-

The typical/expected impact on CAD pairs is medium.

Trading range

Announcement history

The most recent announced value for Average Hourly Wages (YoY) was 5.2%.

Past events

Date
Actual
Friday 8 September 2023 12:30
5.2%
Friday 4 August 2023 12:30
5%
Friday 7 July 2023 12:30
3.9%
Friday 9 June 2023 12:30
5.1%
Friday 5 May 2023 12:30
5.2%
Thursday 6 April 2023 12:30
5.2%
Friday 10 March 2023 13:30
5.4%
Friday 10 February 2023 13:30
4.5%
Friday 6 January 2023 13:30
5.2%
Friday 2 December 2022 13:30
5.4%
Friday 4 November 2022 12:30
5.5%
Friday 7 October 2022 12:30
5.2%
Friday 9 September 2022 12:30
5.58%
Friday 5 August 2022 12:30
5.44%
Friday 8 July 2022 12:30
5.57%
Friday 10 June 2022 12:30
4.45%
Friday 6 May 2022 12:30
3.41%
Friday 8 April 2022 12:30
3.7%
Friday 11 March 2022 13:30
3.3%
Friday 4 February 2022 13:30
2.4%
Friday 7 January 2022 13:30
2.7%
Friday 3 December 2021 13:30
3%
Friday 5 November 2021 12:30
2.1%
Friday 8 October 2021 12:30
1.7%
Friday 10 September 2021 12:30
1.25%
Friday 6 August 2021 12:30
0.56%
Friday 9 July 2021 12:30
0.09%
Friday 4 June 2021 12:30
-1.44%
Friday 7 May 2021 12:30
-1.6%
Friday 9 April 2021 12:30
2.01%
Friday 12 March 2021 13:30
4.26%
Friday 5 February 2021 13:30
5.87%
Friday 8 January 2021 13:30
5.43%
Friday 4 December 2020 13:30
4.84%
Friday 6 November 2020 13:30
5.25%
Friday 9 October 2020 12:30
5.43%

Economic context

Recent economic data has been strongly bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Average Hourly Wages (YoY) result:

PreviousLatest
Retail Sales (MoM)Bullish change0.1%0.3%
Retail Sales ex Autos (MoM)Bullish change-0.7%1%
BoC Consumer Price Index Core (MoM)Bearish change0.5%0.1%
BoC Consumer Price Index Core (YoY)Bullish change3.2%3.3%
Consumer Price Index (MoM)Bearish change0.6%0.4%
Consumer Price Index (YoY)Bullish change3.3%4%

About Average Hourly Wages (YoY)

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Labor Market
Frequency:Monthly

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