FX.co ★ Canada’s Average Weekly Earnings Growth Edges Up to 2.0% in January

Canada’s average weekly earnings grew 2.00% year-over-year in January 2026, a modest acceleration from the 1.94% annual increase recorded in December 2025, according to data updated on 26 March 2026.

The figures reflect a comparison of January 2026 earnings with January 2025 levels, while the previous reading compared December 2025 with December 2024. The slight uptick suggests a marginal improvement in wage momentum at the start of 2026, following a period of relatively stable earnings growth.

While the change is incremental, the continued positive year-over-year gain in average weekly earnings may be monitored closely by policymakers and investors as they assess household income trends and potential implications for consumer spending in Canada’s economy.