Chart 9: Wage growth expectations have declined significantly https://www.bankofcanada.ca/?p=239538 Wage growth, change over the next 12 months (balance of opinion,* left scale) Historical average balance of opinion, wage growth (left scale) Expected wage increase, change over the next 12 months (year-over-year percentage change, right scale) Historical average percentage change in expected wage increase (right scale) 13.0011.002.603.20 22.0011.003.003.20 20.0011.003.003.20 25.0011.003.403.20 25.0011.003.403.20 18.0011.003.803.20 18.0011.003.203.20 23.0011.003.903.20 15.0011.003.003.20 7.0011.003.203.20 13.0011.003.003.20 11.0011.003.203.20 10.0011.002.803.20 -35.0011.001.503.20 -21.0011.002.203.20 0.0011.003.303.20 20.0011.002.603.20 43.0011.004.003.20 50.0011.004.403.20 72.0011.004.803.20 68.0011.005.203.20 61.0011.005.803.20 38.0011.004.903.20 31.0011.004.703.20 22.0011.004.703.20 -19.0011.004.503.20 -50.0011.004.303.20 -22.0011.004.103.20 -18.0011.004.103.20 -46.0011.003.403.20