Canada’s average weekly earnings grew 2.45% year-over-year in November 2025, marking a pickup from the 2.00% annual increase recorded in October 2025.
The data, updated on 29 January 2026, show that wage momentum strengthened heading into the end of 2025. Both figures are measured on a year-over-year basis, comparing each month to the same month a year earlier. The November uptick suggests a modest acceleration in earnings growth, which will be closely watched by analysts for its potential implications for household spending, inflation dynamics, and future monetary policy decisions.
With the latest reading outpacing October’s rate, markets may interpret the move as a sign that wage pressures are edging higher, even if the overall pace remains relatively contained by historical standards.
