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November 28, 2017

Financial System Review - Press Conference (Webcasts) - November 2017

Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins. (11:30 (ET) approx.).

Wages: Measurement and Key Drivers

Staff Analytical Note 2018-2 Dany Brouillette, Jonathan Lachaine, Benoit Vincent
Available sources of hourly wage data in Canada sometimes send conflicting signals about wage growth. This note thus has two objectives: first, we develop a wage measure—the wage-common—to better capture the (underlying) wage pressures reflecting the common trend across the available data sources. Second, we re-examine the relationship between wage growth and macro drivers (labour market slack and labour productivity).
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