Canada Wages Speed Up as Jobs Gain for Ninth Month
- Measure of productive capacity reaches highest since 2007
- Labor market numbers may encourage central bank to keep hiking
This article is for subscribers only.
Canada’s economy just keeps on producing.
The national statistics agency released figures Friday that showed the labor market is in its longest run of employment gains since the 2008-2009 recession, with signs also emerging that sluggish wages are also on the rise and companies are quickly running out of capacity.