Chart 9: Wage growth expectations continue to trend lower https://www.bankofcanada.ca/?p=248864 Balance of opinion * Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months? Average expected wage increase Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months? BLP: Expected wage increase, change over the next 12 months (year-over-year percentage change, right scale) 13 26 25 26 35 50 37 45 32 15 11 -21 9 16 19 9 23 2 6 9 24 29 19 18 14 11 31 34 28 27 35 25 14 4 6 6 43.6 134.0 43.7 -472.2 -521.5 -411.6 -72.0 62.4 32.3 222.5 152.7 163.0 263.0 293.2 73.5 203.2 143.1 192.9 72.9 32.9 -12.6 42.7 122.7 172.8 92.9 112.7 113.1 22.5 -62.3 12.2 -32.1 -42.3 172.3 -52.0 142.4 212.4 132.6 223.0 203.0 253.4 253.4 183.8 183.2 233.9 153.0 73.2 133.0 113.2 102.8 -351.5 -212.2 03.3 202.6 434.0 504.4 724.8 685.23.4 615.8 384.93.8 314.73.5 224.73.2 -194.53.7 -504.33.4 -224.13.3 -184.13.2 -463.43.3 -363.52.9 -423.32.8 -333.42.5 -343.22.4 -213.12.3