Canada employment preview: Wages in focus - again

From think.ing.com

In November's employment report, due to be released on Friday, we‘re hoping to see an uptick in wage growth. In particular, the focus is on the average hourly wages of permanent workers, and here the recent data has been disappointing. Here, growth has slipped from around 4% in May to 1.9% in October. This is at odds with the Bank of Canada’s (BoC) October Business Outlook Survey, where firms reported capacity constraints, particularly labour shortages, as a major problem preventing them meeting greater-than-expected demand. In our opinion, it's only a matter of time before this translates into greater upward wage pressures as firms bid ... (full story)