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The Real Rate Index50.40.00Palanor: Inflation Pulse48.80.00Palanor: Geopolitical Stress61.7+0.38Palanor: Liquidity62.4-0.00Palanor: Capital Tightness41.3+0.04Palanor: Industrial Pulse64.90.00Palanor: AI Margin Compression55.1-0.00Palanor: Consumer Confidence51.70.00Palanor: US Dollar Strength50.1+0.06Palanor: Labor Heat64.00.00Palanor: Recession Vocabulary25.7+0.43Palanor: Uncertainty Index51.0+1.58Palanor: US Jobs Health40.80.00Palanor: Energy Transition38.7-0.07Palanor: Reshoring Sentiment24.0-1.21Palanor: AI Substitution25.7+0.10The Social Fabric Index44.90.00Palanor: Geopolitical Anxiety17.8-1.80Palanor: Quit Pressure35.4-5.42The Mania Index88.00.00The Palanor Index51.0+2.23Cost Disease Spread32.70.00Palanor: US vs China49.5-0.01Rise of Socialism Index37.0+1.76The Bubble Memory79.90.00Palanor: Steward Confidence51.0-1.28The Long Watch89.40.00The Reshoring Index55.1+0.00The Capital Return Index76.7-0.20The Discourse Index74.7-0.23The Hesitation Index31.2+0.14Palanor AI Inference Cost Index76.2-0.07The AI Capex Race Index82.5-0.21The Boardroom Index85.7-0.17The Layoff Cycle Index32.1+0.05Capital Deployment Posture Index69.7-0.14The Consumer Health Index43.80.00Labor Hours Composite44.40.00The Dollar Erosion Index66.00.00Palanor: Risk Appetite41.6-2.30
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labor

Canada Real Wage Growth

Latest

-1.07percentage points

Methodology

## What this measures

Wage growth (canada.lfs.avg_hourly_wage.yoy) minus inflation (canada.cpi.yoy): how much faster pay is rising than prices.

## Why it matters

It is the plainest read on whether Canadian workers are gaining or losing purchasing power.

## How to read it

Positive means pay is outpacing prices. It was deeply negative through 2022 and turned positive in 2023.

## What it does not say

It uses average wages, so job-mix shifts move it, and it is before tax.

## Source

Statistics Canada, table 14-10-0063-01 and 18-10-0004-01 (vector v2132579), "Average hourly wage rate (12-month change) minus CPI all-items (12-month change)". Palanor pulls it from Statistics Canada's Web Data Service every day and rewrites recent periods so revisions carry through.

Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product. Statistics Canada Open Licence.

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