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.

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Most recent - Friday 7 March 2025 13:30

3.7%

Revised

Actual

Next event - Friday 4 April 2025 12:30

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 4%.

Past events

Date

Actual

Friday 7 March 2025 13:30

Friday 7 February 2025 13:30

3.7%

Friday 10 January 2025 13:30

3.7%

Friday 6 December 2024 13:30

3.9%

Friday 8 November 2024 13:30

4.9%

Friday 11 October 2024 12:30

4.5%

Friday 6 September 2024 12:30

4.9%

Friday 9 August 2024 12:30

5.2%

Friday 5 July 2024 12:30

5.6%

Friday 7 June 2024 12:30

5.2%

Friday 10 May 2024 12:30

4.8%

Friday 5 April 2024 12:30

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

Friday 3 November 2023 12:30

Friday 6 October 2023 12:30

5.3%

Friday 8 September 2023 12:30

5.2%

Friday 4 August 2023 12:30

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%

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:

		Previous	Latest
Net Change in Employment	Bearish change	76K	1.1K
Unemployment Rate	(no change)	6.6%	6.6%
Ivey Purchasing Managers Index	Bullish change	46.2	53.6
Ivey Purchasing Managers Index s.a	Bullish change	47.1	55.3
S&P Global Manufacturing PMI	Bearish change	51.6	47.8
Gross Domestic Product (MoM)	Bullish change	-0.2%	0.2%
Gross Domestic Product (QoQ)	Bullish change	0.5%	0.6%
Gross Domestic Product Annualized	Bullish change	2.2%	2.6%
Current Account	Bearish change	-3.62B	-4.99B

About Average Hourly Wages (YoY)

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)
	Australia		Wage Price Index (QoQ)
	Australia		Part-Time Employment
	Australia		Participation Rate
	Australia		Full-Time Employment
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Unemployment Rate
	Eurozone		Employment Change (QoQ)
	Japan		Labor Cash Earnings (YoY)
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		Nonfarm Payrolls Benchmark Revision
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		JOLTS Job Openings
	United States		Initial Jobless Claims
	United States		Challenger Job Cuts
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Employment Cost Index

Calendar - Average Hourly Wages (YoY) - Canada

Average Hourly Wages (YoY)

Most recent - Friday 7 March 2025 13:30

Next event - Friday 4 April 2025 12:30

Trading range

Trading range after each Average Hourly Wages (YoY) event

Announcement history

Past events

Economic context

About Average Hourly Wages (YoY)

Related events