FX.co ★ Canadian Average Weekly Earnings Slump to 3.01% in August, Showing Signs of Economic Cooling

In a sign that the Canadian economy may be navigating through a period of cooling, the average weekly earnings for August 2025 have registered a modest growth of 3.01%. This marks a decline from the previous month's rate, which stood at 3.22% in July 2025, as Canada continues to grapple with fluctuating economic dynamics.

According to the latest data released on October 30, 2025, the year-over-year comparison showcases this dip in wage growth, providing a snapshot of the broader economic conditions impacting the labor market and household incomes. While the decline from July's earnings growth might appear slight, the trend indicates a deceleration that could influence consumer spending and economic policy in the forthcoming months.

Economists and policymakers will likely closely monitor these earnings trends as they reflect underlying challenges within the labor market, potential shifts in employment rates, and the overall health of the Canadian economy. As the country looks towards the end of the year, such indicators remain crucial in shaping economic strategies and interventions to support sustained growth.