The average weekly wages of Canada’s non-farm payroll employees gained 3.0% in the 12 months to July 2018.

The latest data from Statistics Canada reveals that wages slipped slightly month-over-month (0.4%) to $997 per week. And the annual increase matched the 3% rise in inflation.

Average weekly hours worked were little changed at 32.8 compared to 32.7 in June.

While the national average was in line with inflation, several sectors’ workers saw wage rises well above the increased cost of living.

Those working in retail trade saw the largest percentage increase in wages, 8.6% year-over-year to $604.

Accommodation and food services employees gained 6% to $405, construction workers gained 5.3% to $1,272, and those in public administration saw an extra 4.4% to $1,301.

Eight provinces recorded increased wages led by New Brunswick and Manitoba. There was little change in Saskatchewan and Newfoundland and Labrador.

 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: