FX.co ★ Canada’s Wage Growth Cools in December as Average Weekly Earnings Rise 1.9% YoY

Canada’s average weekly earnings growth slowed in December 2025, with year-over-year gains easing to 1.90%, down from 2.45% in November 2025, according to data updated on 26 February 2026.

Both figures are measured on a year-over-year basis, comparing each month to the same month a year earlier. The November reading reflected a 2.45% increase in average weekly earnings versus November 2024, while December’s 1.90% figure shows a weaker pace of earnings growth compared with December 2024.

The deceleration in wage momentum at the end of 2025 may signal easing income pressures in the labor market, a factor closely watched by policymakers and investors when assessing consumer spending power and the broader economic outlook in Canada.