The recent slowdown in growth of wages and salaries is fairly notable by historical standards. In the third quarter at least, overall personal income growth was also dampened by the effect of lower market-determined interest rates on investment income. In addition, the end of some provincial government tax rebates was also a factor.
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