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Wages Accelerate as Canada Adds Jobs for 10th Straight Month

  • Average hourly pay gains hit 2.2%, the fastest since 2016
  • Bank of Canada cited sluggish wage as evidence of slack
A worker walks past a machine that sorts lumber into grades and sizes at a mill in Thunder Bay, Canada, Ontario.
Photographer: James MacDonald/Bloomberg
Updated on

Canada’s labor market showed more signs of tightening in September, with the 10th straight month of employment gains and the strongest wage increases in more than a year.

Canada’s labor market has generated the most jobs this year since the country emerged from the last recession. Robust employment is boosting incomes and helping fuel a consumption binge that’s made the country’s economy the fastest growing in the Group of Seven.