According to a financial consulting firm, Normandin Beaudry study, employed Canadians may expect an average salary hike of 3.6% next year. The survey also indicates that 43% of businesses are considering an extra 1% average salary increase. Industries including STEM, Real Estate, Manufacturing, and Accommodation and Food Services may witness above-average pay rises. In addition, Quebec, Yukon, Ontario, and British Columbia are predicted to experience salary growth in line with or exceeding the national average, while the rest may receive slightly less. These pay raises and Canada’s top-notch quality of life make it a desirable location for potential newcomers.
