2023 Q4 Canadian Survey on Business Conditions Report by BDL

Businesses expect wage growth to slow on net.
Expected rate of annual increase in wages over the next 12 months
% of respondents, all industries
4.8%
Latest wage growth*
47%
21%
24%
9%
At a faster rate At a similar rate At a slower rate Unknown
* Source: Statistics Statistics Business Canada’s Canada, Data Labour <strong>Canadian</strong> analysis Force <strong>Survey</strong>, of of Statistics November on Business Canada’s <strong>2023</strong>.
Conditions,
<strong>Canadian</strong> <strong>Survey</strong> on Business Conditions.
15,963 Source: 15,401 Based on Business businesses 15,224 15,401 Data business surveyed Lab analysis or in or in January April organization April and based and and May early February responses <strong>2023</strong>. Statistics May <strong>2023</strong>.
in in Canada, July April and and <strong>Canadian</strong> August early May <strong>2023</strong>. <strong>Survey</strong> <strong>2023</strong>. on Business Conditions;
15,976 business responses in October and November <strong>2023</strong>.
<strong>Canadian</strong> Chamber of Commerce | Business Data Lab
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