Canada wage growth slows to 2% in August, easing CPI pressure
Canada’s annual average hourly wage growth slowed to 2% in August, down from 3%-plus in prior years, according to economist Tu Nguyen at RSM Canada. She links it to business caution and a more balanced job market.
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02:15:58 PM UTC
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Canadian jobs data for August marked a step backward for the labor market, though after three months of consecutive employment gains reads more like a giveback than a turn for the market, Indeed economist Cory Stahle says. He notes that the three-month average of job gains remains positive, employm…
The slowdown in annual average hourly wage growth in Canada, to 2% in August, marks a "sudden drop" following years of 3%-plus increases, says Tu Nguyen, economist at RSM Canada.
This is "a sign of business caution, and a more balanced job market," she says.
Recent data suggest headline inflation s…