Canadian wage growth slows in October, below forecast
Photo: Crypto Briefing
Canadian average hourly earnings rose by 2% year over year in October, missing the forecasted increase of 2.05% and down from the previous month’s 2.30% growth. This data from Statistics Canada’s Labour Force Survey indicates a continued slowdown in wage growth, which may influence the Bank of Canada’s monetary policy decisions in the coming months. The slower-than-expected wage increase suggests weaker near-term wage momentum, potentially impacting market expectations for the Bank of Canada’s actions at its upcoming December interest rate announcement.
Source: Crypto Briefing
