FX.co ★ Canada’s Permanent Wage Growth Accelerates to 5.1% in March

Average hourly wages for permanent employees in Canada accelerated in March 2026, rising to 5.1% year-on-year from 4.2% in February, according to data updated on 10 April 2026.

The pickup in wage growth marks a notable increase in earnings momentum for permanent staff over just one month, suggesting a tighter labour market or increased pay pressure across key sectors. The March reading follows February’s 4.2% pace, highlighting a continued upward trend in wage dynamics early in 2026.

Investors and policymakers will closely watch whether this faster wage growth persists in the coming months, as it has direct implications for household income, corporate margins, and the broader inflation outlook in Canada.