Wages & Affordability

Living Wage
$26.50/hr▲ +8.4% yoy
Min. Wage
$15.00/hr 0.0% yoy
Wage Growth
-1.0%▼ -5.1 pp yoy

Living Wage vs Minimum Wage Gap

Labor Market

Unemployment
6.3%▼ -1.7 pp yoy
Employment
1,113.5▲ +5.7% yoy
EI Recipients
22,080▼ -3.2% yoy

Unemployment Rate

Pre-pandemic avg

Prices & Monetary Policy

Inflation vs BoC
3.4%▲ +1.3 pp yoy
M2 Growth
4.5%▼ -0.9 pp yoy

Inflation vs Bank of Canada Target

CPI InflationBoC RateBoC 2% Target

Energy Sector

WTI Oil
US$107.89▲ +77.2% yoy
Natural Gas
$1.45▲ +190.0% yoy

WTI Oil Price (US$/bbl)

Construction

Housing Starts
2,535▲ +12.1% yoy
Building Permits
$515M▲ +11.2% yoy

Calgary CMA Housing Starts

Monthly3-Month Avg

Consumer & Business

Retail Sales
$4.26B▲ +10.1% yoy
Bankruptcies
13▼ -48.0% yoy

Calgary CMA Retail Sales