Employees in the finance and insurance sectors saw the largest annual percentage gains in average weekly wages in the 12 months to January.

Statistics Canada says the sector workers gained 9.1% year-over-year to take their average weekly pay cheque to $1,402. This continues a trend which began in August 2017.

The gain for the sector was also one of the largest contributors the national earnings increase in January of 3.2% year-over-year.

Overall, average non-farm payroll wages were $996 in January, little changed from December. There were increases for 7 of the 10 major industrial sectors.

In the 12 months to January, average weekly earnings of non-farm payroll employees increased in eight provinces, led by Quebec (3.9% to $924). At the same time, earnings were little changed in Nova Scotia and Newfoundland and Labrador.

 

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