The average annual increase of union wage settlements in March and April was 3.1 per cent. Evidence suggests unions are just getting started.
The average annual increase of seven major union wage settlements in March and April was 3.1 per cent, according to government data. That’s almost double the average pace of pay increases between March 2020 and January 2022.
With annual inflation on track to top seven per cent — a four-decade high — any escalation of wage expectations in collective bargaining will be closely monitored by policymakers. Canada has a relatively high unionization rate, at about 30 per cent of employees versus about 10 per cent in the U.S.Article content
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