<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 4: Wage growth generally lags wage expectations</label>
    <description><![CDATA[Year-over-year growth, quarterly data, seasonally adjusted

Note: BOS is the Business Outlook Survey. LFS-Micro measures wage growth using Labour Force Survey (LFS) microdata to remove any biases caused by changes in worker characteristics.

Sources: Statistics Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=246361</link>
</groupDetail>
<seriesDetail>
<series id="SAN_DEVA20250526_C4_S1">
<label>BOS wage growth expectations, next 12 months</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_DEVA20250526_C4_S2">
<label>LFS-Micro wage growth</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2018-01-01"><v s="SAN_DEVA20250526_C4_S1">3.40</v><v s="SAN_DEVA20250526_C4_S2">3.28</v></o>
<o d="2018-04-01"><v s="SAN_DEVA20250526_C4_S1">3.70</v><v s="SAN_DEVA20250526_C4_S2">3.77</v></o>
<o d="2018-07-01"><v s="SAN_DEVA20250526_C4_S2">3.48</v><v s="SAN_DEVA20250526_C4_S1">3.10</v></o>
<o d="2018-10-01"><v s="SAN_DEVA20250526_C4_S2">3.49</v><v s="SAN_DEVA20250526_C4_S1">3.90</v></o>
<o d="2019-01-01"><v s="SAN_DEVA20250526_C4_S1">3.00</v><v s="SAN_DEVA20250526_C4_S2">3.00</v></o>
<o d="2019-04-01"><v s="SAN_DEVA20250526_C4_S1">3.20</v><v s="SAN_DEVA20250526_C4_S2">2.64</v></o>
<o d="2019-07-01"><v s="SAN_DEVA20250526_C4_S2">2.61</v><v s="SAN_DEVA20250526_C4_S1">3.00</v></o>
<o d="2019-10-01"><v s="SAN_DEVA20250526_C4_S2">2.49</v><v s="SAN_DEVA20250526_C4_S1">3.20</v></o>
<o d="2020-01-01"><v s="SAN_DEVA20250526_C4_S2">2.44</v><v s="SAN_DEVA20250526_C4_S1">2.80</v></o>
<o d="2020-04-01"><v s="SAN_DEVA20250526_C4_S2">3.16</v><v s="SAN_DEVA20250526_C4_S1">1.40</v></o>
<o d="2020-07-01"><v s="SAN_DEVA20250526_C4_S2">3.00</v><v s="SAN_DEVA20250526_C4_S1">2.20</v></o>
<o d="2020-10-01"><v s="SAN_DEVA20250526_C4_S2">2.79</v><v s="SAN_DEVA20250526_C4_S1">3.30</v></o>
<o d="2021-01-01"><v s="SAN_DEVA20250526_C4_S1">2.50</v><v s="SAN_DEVA20250526_C4_S2">2.67</v></o>
<o d="2021-04-01"><v s="SAN_DEVA20250526_C4_S1">4.00</v><v s="SAN_DEVA20250526_C4_S2">1.86</v></o>
<o d="2021-07-01"><v s="SAN_DEVA20250526_C4_S2">2.20</v><v s="SAN_DEVA20250526_C4_S1">4.40</v></o>
<o d="2021-10-01"><v s="SAN_DEVA20250526_C4_S2">2.83</v><v s="SAN_DEVA20250526_C4_S1">4.80</v></o>
<o d="2022-01-01"><v s="SAN_DEVA20250526_C4_S2">3.14</v><v s="SAN_DEVA20250526_C4_S1">5.20</v></o>
<o d="2022-04-01"><v s="SAN_DEVA20250526_C4_S2">3.85</v><v s="SAN_DEVA20250526_C4_S1">5.80</v></o>
<o d="2022-07-01"><v s="SAN_DEVA20250526_C4_S2">4.19</v><v s="SAN_DEVA20250526_C4_S1">4.90</v></o>
<o d="2022-10-01"><v s="SAN_DEVA20250526_C4_S1">4.70</v><v s="SAN_DEVA20250526_C4_S2">4.48</v></o>
<o d="2023-01-01"><v s="SAN_DEVA20250526_C4_S1">4.70</v><v s="SAN_DEVA20250526_C4_S2">4.68</v></o>
<o d="2023-04-01"><v s="SAN_DEVA20250526_C4_S1">4.50</v><v s="SAN_DEVA20250526_C4_S2">4.30</v></o>
<o d="2023-07-01"><v s="SAN_DEVA20250526_C4_S1">4.30</v><v s="SAN_DEVA20250526_C4_S2">4.23</v></o>
<o d="2023-10-01"><v s="SAN_DEVA20250526_C4_S2">3.94</v><v s="SAN_DEVA20250526_C4_S1">4.10</v></o>
<o d="2024-01-01"><v s="SAN_DEVA20250526_C4_S1">4.10</v><v s="SAN_DEVA20250526_C4_S2">3.66</v></o>
<o d="2024-04-01"><v s="SAN_DEVA20250526_C4_S1">3.40</v><v s="SAN_DEVA20250526_C4_S2">3.89</v></o>
<o d="2024-07-01"><v s="SAN_DEVA20250526_C4_S2">4.02</v><v s="SAN_DEVA20250526_C4_S1">3.50</v></o>
<o d="2024-10-01"><v s="SAN_DEVA20250526_C4_S2">3.91</v><v s="SAN_DEVA20250526_C4_S1">3.30</v></o>
<o d="2025-01-01"><v s="SAN_DEVA20250526_C4_S1">3.40</v><v s="SAN_DEVA20250526_C4_S2">3.64</v></o>
</observations>
</data>