Wages & Affordability

Living Wage
$26.50/hr▲ +8.4% yoy
Min. Wage
$15.00/hr 0.0% yoy
Wage Growth
-0.2%▼ -4.0 pp yoy

Living Wage vs Minimum Wage Gap

Labor Market

Unemployment
6.7%▼ -0.8 pp yoy
Employment
1,118.8▲ +5.0% yoy
EI Recipients
16,240▼ -17.6% yoy

Unemployment Rate

Pre-pandemic avg

Prices & Monetary Policy

Inflation vs BoC
4.2%▲ +2.3 pp yoy
M2 Growth
4.4%▼ -0.9 pp yoy

Inflation vs Bank of Canada Target

CPI InflationBoC RateBoC 2% Target

Energy Sector

WTI Oil
US$91.48▲ +43.0% yoy
Natural Gas
$1.51▲ +147.5% yoy

WTI Oil Price (US$/bbl)

Construction

Housing Starts
1,504▼ -27.0% yoy
Building Permits
$707M▼ -4.6% yoy

Calgary CMA Housing Starts

Monthly3-Month Avg

Consumer & Business

Retail Sales
$4.20B▲ +8.5% yoy
Bankruptcies
25▲ +56.2% yoy

Calgary CMA Retail Sales