Survey says Quebec wage rises highest in Canada
Quebec leads the country in wage growth, and that trend that will likely continue next year. That's according to a Morneau Shepell survey. The Toronto-based human resources organization surveyed a total of 370 employers, collectively employing 894,000 people, and released their findings on Wednesday.
They found that average salaries in this province will grow by 2.6%, as a percentage of payroll, in 2018. That's well above the national average of 2.3%. Tied for second-place are British Columbia and Newfoundland & Labrador, where wages rose at 2.4% in both provinces.
The survey was conducted over the course of last month, and it also found that Quebec's wage-growth rate stood at 2.4% over the last year, again in first-place nationwide. The Canadian average for wage growth was 2.2%. Close behind Quebec this year were Ontario, Saskatchewan and Newfoundland & Labrador, where wage growth in each province was 2.3%.
One reason cited by Morneau-Shepell as a possible reason for the strong wage growth in Quebec was the province's low unemployment rate. At 5.8%, unemployment in Quebec is at its lowest level since 1976.