Desjardins Group's analysis shows Canada's wage growth driven by federal government wage gains.

Desjardins Group's analysis finds that Canada's wage growth is driven by the federal government, with federal civil service wage gains and hiring skewing headline numbers. In May, average hourly compensation increased by 5.1% year-over-year, compared to a 4.7% increase in April. The public sector's wage growth is a significant factor in Canada's persistent high wage growth despite slowing inflation.

July 04, 2024
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