I think this is the interesting part of the release and the article. Wage growth is declining, but of course Tiff and the BoC want to see that lower yet. I still lean toward a pause because it's coming down, but of course the question is whether it's coming down fast enough for them.
Quote:
In Canada, average hourly wages rose 4.5 per cent in January, down from 4.8 per cent in December, after months of persistent growth of more than 5 per cent. Earlier this week, Macklem said wage growth running in the range of 4 per cent and 5 per cent isn’t consistent with getting inflation back to the 2 per cent target unless productivity growth is surprisingly strong.
The blowout gains in January pushed the employment rate — the percentage of people aged 15 and older who are employed — to 62.5 per cent, a level last observed in April and May 2019. Employment growth last month was driven by women and men in their prime working years, and in both private and public sectors.
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