<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Businesses expect wage growth to moderate gradually</label>
    <description><![CDATA[Business Outlook Survey (BOS) and Business Leaders’ Pulse (BLP), quarterly data

Average expected wage increase is what businesses expect their wage increase to be, on average, 12 months from now. This question was not asked in any month during the second quarter of 2022.

Bank of Canada]]></description>
    <link>https://www.bankofcanada.ca/?p=241424</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2024M10_WAGE_GROWTH_S1">
<label>BOS: Average expected wage increase, change over the next 12 months (year-over-year percentage change)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2024M10_WAGE_GROWTH_S2">
<label>BLP: Average expected wage increase, change over the next 12 months (year-over-year percentage change)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2017-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">2.61</v></o>
<o d="2017-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.03</v></o>
<o d="2017-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.01</v></o>
<o d="2017-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.42</v></o>
<o d="2018-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.37</v></o>
<o d="2018-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.75</v></o>
<o d="2018-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.15</v></o>
<o d="2018-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.92</v></o>
<o d="2019-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.03</v></o>
<o d="2019-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.23</v></o>
<o d="2019-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.00</v></o>
<o d="2019-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.22</v></o>
<o d="2020-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">2.79</v></o>
<o d="2020-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">1.45</v></o>
<o d="2020-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">2.15</v></o>
<o d="2020-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.31</v></o>
<o d="2021-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">2.55</v></o>
<o d="2021-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.02</v></o>
<o d="2021-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.37</v></o>
<o d="2021-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.80</v></o>
<o d="2022-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">5.16</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.39</v></o>
<o d="2022-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">5.84</v></o>
<o d="2022-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.92</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.81</v></o>
<o d="2022-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.66</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.47</v></o>
<o d="2023-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.67</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.21</v></o>
<o d="2023-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.48</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.67</v></o>
<o d="2023-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.30</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.39</v></o>
<o d="2023-10-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.13</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.35</v></o>
<o d="2024-01-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">4.12</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.16</v></o>
<o d="2024-04-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.42</v><v s="MPR_2024M10_WAGE_GROWTH_S2">3.28</v></o>
<o d="2024-07-01"><v s="MPR_2024M10_WAGE_GROWTH_S1">3.52</v><v s="MPR_2024M10_WAGE_GROWTH_S2">2.90</v></o>
</observations>
</data>