Like its counterpart in the United States, the Bank of Canada has said it hopes to slow inflation before large price rises become embedded in the expectations of workers and businesses.
But recent examples of not just wage demands, but actual negotiated long-term contracts, seem to hint that early signs of wage inflation may have already begun to emerge in the Canadian labour market.
“Sobeys warehouse workers have negotiated massive wage increases, improved pensions and wage parity for part-time workers in a new four-year collective agreement,” crowed Unifor, the union that represents the Sobeys employees, in a release last Thursday, declaring a 19.5 per cent wage increase over the
