2027 Wage Deceleration Forecast

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Sources: Statistics Canada, Labour Force Survey (Table 14-10-0064-01), average hourly wages, not seasonally adjusted. Forecast range compiled from TD Economics (Jun 2026), RBC Economics (Apr 2026), CIBC Economics (Apr 2026), and Scotiabank Global Forecast Tables (Jun 2026), as presented by Aaron Terrazas, WorldatWork Canada Summit, Sept. 9, 2026. Forecast values approximate.

Chart: PaveSource: Aaron Terrazas, "Canada Economic Outlook: What Total Rewards Leaders Need to Know for 2027," presented at the WorldatWork Canada Summit, September 9, 2026.