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 7 June 2024 12:30

Previous
4.8%
Revised
-
Actual
5.2%

Next event - Friday 5 July 2024 12:30

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 5.2%.

Past events

Date
Actual
Friday 7 June 2024 12:30
5.2%
Friday 10 May 2024 12:30
4.8%
Friday 5 April 2024 12:30
5%
Friday 8 March 2024 13:30
4.9%
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%

Economic context

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

PreviousLatest
Net Change in EmploymentBearish change90.4K26.7K
Unemployment RateBearish change6.1%6.2%
Ivey Purchasing Managers IndexBearish change65.759.1
Ivey Purchasing Managers Index s.aBearish change6352
BoC Interest Rate DecisionBearish change5%4.75%
S&P Global Manufacturing PMIBearish change49.449.3

About Average Hourly Wages (YoY)

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