The monthly Labour Force Survey measure of average hourly wages increased about four per cent from the previous year for the ninth consecutive time in February. That roughly twice the rate of inflation and the strongest in more than a decade.labour market seems to be holding up well despite lingering headwinds and growing concerns about the coronavirus, said Arlene Kish, director of Canadian economics at IHS Markit steroids, a data and research firm.Bank of Canada Governor Stephen Poloz also made that point this week when he spoke at an event in Toronto. His thoughts on the coronavirus got most of the attention steroids, but the bulk of his speech was about the surprising strength of the labour market given all that has afflicted the Canadian economy in recent years.
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