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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 9 February 2024 13:30

Previous
5.7%
Revised
-
Actual
5.3%

Next event - Friday 8 March 2024 13:30

Previous
-
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 5.3%.

Past events

Date
Actual
Friday 9 February 2024 13:30
5.3%
Friday 5 January 2024 13:30
5.7%
Friday 1 December 2023 13:30
5%
Friday 3 November 2023 12:30
5%
Friday 6 October 2023 12:30
5.3%
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%

Economic context

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

PreviousLatest
S&P Global Manufacturing PMIBullish change48.349.7
Gross Domestic Product AnnualizedBullish change-0.5%1%
Gross Domestic Product (MoM)Bearish change0.2%0%
Gross Domestic Product (QoQ)Bullish change-0.1%0.2%
Current AccountBullish change-4.74B-1.62B
Retail Sales (MoM)Bullish change0%0.9%
Retail Sales ex Autos (MoM)Bullish change-0.4%0.6%
BoC Consumer Price Index Core (MoM)Bullish change-0.5%0.1%
Consumer Price Index (MoM)Bullish change-0.3%0%
Consumer Price Index (YoY)Bearish change3.4%2.9%
BoC Consumer Price Index Core (YoY)Bearish change2.6%2.4%

About Average Hourly Wages (YoY)

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