{ "terms": { "url": "https://www.bankofcanada.ca/terms/" }, "groupDetail": { "label": "Firms continue to expect wage and cost growth to ease", "description": "Wage growth: Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same as over the past 12 months? Input price growth: Over the next 12 months, are prices of products and services purchased expected to increase at a greater, lesser or the same rate as over the past 12 months? Expected wage increase: What do you expect your firm’s average wage increase to be next year?\n\n* Percentage of firms expecting higher labour cost increases minus the percentage expecting lower labour cost increases\n† Percentage of firms expecting input prices to increase at a greater rate minus the percentage expecting input prices to increase at a lesser rate\n\nSource: Business Outlook Survey", "link": "https://www.bankofcanada.ca/?p=243736" }, "seriesDetail": { "BOS_2024Q4_C8_S1": { "label": "Wage growth, change over the next 12 months (balance of opinion,* left scale)", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2024Q4_C8_S2": { "label": "Input price growth, change over the next 12 months (balance of opinion,† left scale)", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2024Q4_C8_S3": { "label": "Average expected wage increase, change over the next 12 months (year-over-year percentage change, right scale)", "description": "", "dimension": { "key": "d", "name": "Date" } } }, "observations": [ { "d": "2017-01-01", "BOS_2024Q4_C8_S3": { "v": "2.61" }, "BOS_2024Q4_C8_S1": { "v": "13.00" }, "BOS_2024Q4_C8_S2": { "v": "10.00" } }, { "d": "2017-04-01", "BOS_2024Q4_C8_S1": { "v": "22.00" }, "BOS_2024Q4_C8_S2": { "v": "14.00" }, "BOS_2024Q4_C8_S3": { "v": "3.03" } }, { "d": "2017-07-01", "BOS_2024Q4_C8_S1": { "v": "20.00" }, "BOS_2024Q4_C8_S2": { "v": "0.00" }, "BOS_2024Q4_C8_S3": { "v": "3.01" } }, { "d": "2017-10-01", "BOS_2024Q4_C8_S2": { "v": "26.00" }, "BOS_2024Q4_C8_S1": { "v": "25.00" }, "BOS_2024Q4_C8_S3": { "v": "3.42" } }, { "d": "2018-01-01", "BOS_2024Q4_C8_S3": { "v": "3.37" }, "BOS_2024Q4_C8_S2": { "v": "22.00" }, "BOS_2024Q4_C8_S1": { "v": "25.00" } }, { "d": "2018-04-01", "BOS_2024Q4_C8_S3": { "v": "3.75" }, "BOS_2024Q4_C8_S2": { "v": "30.00" }, "BOS_2024Q4_C8_S1": { "v": "18.00" } }, { "d": "2018-07-01", "BOS_2024Q4_C8_S1": { "v": "18.00" }, "BOS_2024Q4_C8_S3": { "v": "3.15" }, "BOS_2024Q4_C8_S2": { "v": "26.00" } }, { "d": "2018-10-01", "BOS_2024Q4_C8_S2": { "v": "7.00" }, "BOS_2024Q4_C8_S1": { "v": "23.00" }, "BOS_2024Q4_C8_S3": { "v": "3.92" } }, { "d": "2019-01-01", "BOS_2024Q4_C8_S1": { "v": "15.00" }, "BOS_2024Q4_C8_S2": { "v": "2.00" }, "BOS_2024Q4_C8_S3": { "v": "3.03" } }, { "d": "2019-04-01", "BOS_2024Q4_C8_S3": { "v": "3.23" }, "BOS_2024Q4_C8_S2": { "v": "-6.00" }, "BOS_2024Q4_C8_S1": { "v": "7.00" } }, { "d": "2019-07-01", "BOS_2024Q4_C8_S3": { "v": "3.00" }, "BOS_2024Q4_C8_S2": { "v": "-7.00" }, "BOS_2024Q4_C8_S1": { "v": "13.00" } }, { "d": "2019-10-01", "BOS_2024Q4_C8_S1": { "v": "11.00" }, "BOS_2024Q4_C8_S2": { "v": "13.00" }, "BOS_2024Q4_C8_S3": { "v": "3.22" } }, { "d": "2020-01-01", "BOS_2024Q4_C8_S1": { "v": "10.00" }, "BOS_2024Q4_C8_S3": { "v": "2.79" }, "BOS_2024Q4_C8_S2": { "v": "6.00" } }, { "d": "2020-04-01", "BOS_2024Q4_C8_S1": { "v": "-35.00" }, "BOS_2024Q4_C8_S3": { "v": "1.45" }, "BOS_2024Q4_C8_S2": { "v": "-4.00" } }, { "d": "2020-07-01", "BOS_2024Q4_C8_S1": { "v": "-21.00" }, "BOS_2024Q4_C8_S3": { "v": "2.15" }, "BOS_2024Q4_C8_S2": { "v": "9.00" } }, { "d": "2020-10-01", "BOS_2024Q4_C8_S1": { "v": "0.00" }, "BOS_2024Q4_C8_S3": { "v": "3.31" }, "BOS_2024Q4_C8_S2": { "v": "24.00" } }, { "d": "2021-01-01", "BOS_2024Q4_C8_S3": { "v": "2.55" }, "BOS_2024Q4_C8_S2": { "v": "46.00" }, "BOS_2024Q4_C8_S1": { "v": "20.00" } }, { "d": "2021-04-01", "BOS_2024Q4_C8_S2": { "v": "20.00" }, "BOS_2024Q4_C8_S1": { "v": "43.00" }, "BOS_2024Q4_C8_S3": { "v": "4.02" } }, { "d": "2021-07-01", "BOS_2024Q4_C8_S3": { "v": "4.37" }, "BOS_2024Q4_C8_S2": { "v": "8.00" }, "BOS_2024Q4_C8_S1": { "v": "50.00" } }, { "d": "2021-10-01", "BOS_2024Q4_C8_S3": { "v": "4.80" }, "BOS_2024Q4_C8_S1": { "v": "72.00" }, "BOS_2024Q4_C8_S2": { "v": "7.00" } }, { "d": "2022-01-01", "BOS_2024Q4_C8_S3": { "v": "5.16" }, "BOS_2024Q4_C8_S2": { "v": "16.00" }, "BOS_2024Q4_C8_S1": { "v": "68.00" } }, { "d": "2022-04-01", "BOS_2024Q4_C8_S3": { "v": "5.84" }, "BOS_2024Q4_C8_S2": { "v": "12.00" }, "BOS_2024Q4_C8_S1": { "v": "61.00" } }, { "d": "2022-07-01", "BOS_2024Q4_C8_S3": { "v": "4.92" }, "BOS_2024Q4_C8_S2": { "v": "-39.00" }, "BOS_2024Q4_C8_S1": { "v": "38.00" } }, { "d": "2022-10-01", "BOS_2024Q4_C8_S1": { "v": "31.00" }, "BOS_2024Q4_C8_S3": { "v": "4.66" }, "BOS_2024Q4_C8_S2": { "v": "-39.00" } }, { "d": "2023-01-01", "BOS_2024Q4_C8_S1": { "v": "22.00" }, "BOS_2024Q4_C8_S3": { "v": "4.67" }, "BOS_2024Q4_C8_S2": { "v": "-49.00" } }, { "d": "2023-04-01", "BOS_2024Q4_C8_S3": { "v": "4.48" }, "BOS_2024Q4_C8_S2": { "v": "-53.00" }, "BOS_2024Q4_C8_S1": { "v": "-19.00" } }, { "d": "2023-07-01", "BOS_2024Q4_C8_S1": { "v": "-50.00" }, "BOS_2024Q4_C8_S3": { "v": "4.30" }, "BOS_2024Q4_C8_S2": { "v": "-63.00" } }, { "d": "2023-10-01", "BOS_2024Q4_C8_S2": { "v": "-57.00" }, "BOS_2024Q4_C8_S3": { "v": "4.13" }, "BOS_2024Q4_C8_S1": { "v": "-22.00" } }, { "d": "2024-01-01", "BOS_2024Q4_C8_S2": { "v": "-48.00" }, "BOS_2024Q4_C8_S1": { "v": "-18.00" }, "BOS_2024Q4_C8_S3": { "v": "4.12" } }, { "d": "2024-04-01", "BOS_2024Q4_C8_S2": { "v": "-32.00" }, "BOS_2024Q4_C8_S1": { "v": "-46.00" }, "BOS_2024Q4_C8_S3": { "v": "3.42" } }, { "d": "2024-07-01", "BOS_2024Q4_C8_S2": { "v": "-28.00" }, "BOS_2024Q4_C8_S1": { "v": "-36.00" }, "BOS_2024Q4_C8_S3": { "v": "3.52" } }, { "d": "2024-10-01", "BOS_2024Q4_C8_S2": { "v": "-33.00" }, "BOS_2024Q4_C8_S1": { "v": "-42.00" }, "BOS_2024Q4_C8_S3": { "v": "3.26" } } ] }