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Posted AT 6:00 AM EST on 06/09/08

A behind-the-scenes look at wage inflation

TAVIA GRANT

Globe and Mail Update

1 Payday Back at the beginning of the year, pay was soaring at the fastest clip in at least a decade. Now, annual wage increases in Canada have shrivelled to a one-year low – great news for inflation hawks, not so great for pay-hike hopefuls. Average hourly wages are 3.8 per cent higher than a year ago, a far cry from their 4.9 per cent jump early this year, according to Statistics Canada, which began tracking wage growth in 1997.

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