FX.co ★ Canada’s Average Weekly Earnings Growth Edges Down to 3.40% in June

Canada’s average weekly earnings growth eased slightly in June 2026, with year-over-year gains slowing to 3.40% from 3.45% in May 2026, according to data updated on 27 August 2026. The figures reflect how much average weekly earnings have increased compared with the same month a year earlier.

The June reading marks a marginal deceleration in wage momentum on an annual basis, suggesting earnings are still rising but at a slightly slower pace than in the previous month. The May 2026 indicator, at 3.45% year-over-year, had already pointed to moderate wage growth across the Canadian economy.

Both the current (June) and previous (May) indicators are measured on a year-over-year basis, comparing each month’s average weekly earnings to the same month a year earlier. This approach helps track how earnings trends are evolving over time, providing a clearer picture of wage dynamics beyond short-term fluctuations.