The latest data from a statistics agency has revealed that the finance and insurance sector experienced a noticeable uptick in its weekly paycheque in 2016.
Statistics Canada said that the sector’s average paycheque saw a 10% increase last year, to $1,342.15 a week.
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The data found that the average weekly paycheque for non-farm workers was $961 last December, representing a year-over-year growth of 1.2%.
According to Statistics Canada, the information and cultural industries saw the highest increases to their pay packets; on average, both sectors saw raises over 10% last year to $1,350.48 a week.
The highest-paid workers on average, however, are those in the mining, quarrying, as well as the oil and gas extraction sectors. Those workers saw their weekly paycheques jump 5.1% last year to $2,096.62.
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Employees in retail, accommodation, and food services, however, saw cuts to their already relatively low pay. In retail, pay declined by 2.1% to $566.17 a week. The accommodation and food services industries took a 1.9% hit in their weekly paycheque, down to $373.12.
The report also listed the average wage gain per province last year:
| Region |
Average wage gain last year |
| P.E.I. |
3.2% |
| New Brunswick |
3.1% |
| Quebec |
2.1% |
| Saskatchewan |
1.8% |
| Ontario |
1.6% |
| Canada |
1.2% |
| Nova Scotia |
0.9% |
| B.C. |
0.9% |
| Manitoba |
0.6% |
| N.L. |
-0.2% |
Other data from Statistics Canada’s report suggests that the workforce is shifting toward more part-time work and self-employment.
Related stories:
Canada economy shows uptick
Insurance salaries up as wages stay flat nationally
