The latest slowdown in hourly earnings provides further evidence that underlying inflation is likely to remain close to the lower bound of the Bank of Canada's target range of 1% to 3%. This supports our view that the Bank will refrain from raising interest rates anytime soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services