Wages remain unchanged

Canadians’ average weekly wages were little changed in October from the previous month, Statistics Canada reported Wednesday.

Non-farm payroll employees’ wages were $954 per week, 0.1 per cent below September’s average and unchanged from October 2015.  Meanwhile, average hours worked dipped from 32.8 hours in September to 32.6 hours in October, continuing the downward trend this year.

Retail trade, wholesale trade, and health care and social assistance were the only three sectors to show an increase in average wages over the 12 months to October.
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Should government update pot rules to prohibit growing in rentals?