{"id":11297,"date":"2023-04-28T07:14:00","date_gmt":"2023-04-28T14:14:00","guid":{"rendered":"https:\/\/www.stevesaretsky.com\/?p=11297"},"modified":"2024-02-09T07:16:39","modified_gmt":"2024-02-09T15:16:39","slug":"canadian-wages-are-dropping-at-an-alarming-pace","status":"publish","type":"post","link":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/","title":{"rendered":"Canadian Wages are Dropping at an Alarming Pace"},"content":{"rendered":"\n<p>The housing market continues to turn higher, yet wages are actually rolling over. Latest data shows wage growth is now sharply negative in real terms. Banking issues in the US have not gone away. The Bank of Canada is fully expecting a recession. CN Rail says the recession is already here.\u00a0<\/p>\n\n\n\n<iframe src=\"https:\/\/omny.fm\/shows\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/embed?style=Cover\" width=\"100%\" height=\"180\" allow=\"autoplay; clipboard-write\" frameborder=\"0\" title=\"Canadian Wages are Dropping at an Alarming Pace\"><\/iframe>\n","protected":false},"excerpt":{"rendered":"<p>The housing market continues to turn higher, yet wages are actually rolling over. Latest data shows wage growth is now sharply negative in real terms. Banking issues in the US have not gone away. The Bank of Canada is fully expecting a recession. CN Rail says the recession is already here.\u00a0<\/p>\n","protected":false},"author":7,"featured_media":11298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[160],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian Wages are Dropping at an Alarming Pace - Steve Saretsky<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Wages are Dropping at an Alarming Pace - Steve Saretsky\" \/>\n<meta property=\"og:description\" content=\"The housing market continues to turn higher, yet wages are actually rolling over. Latest data shows wage growth is now sharply negative in real terms. Banking issues in the US have not gone away. The Bank of Canada is fully expecting a recession. CN Rail says the recession is already here.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/\" \/>\n<meta property=\"og:site_name\" content=\"Steve Saretsky\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/stephen.saretsky\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-28T14:14:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T15:16:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stevesaretsky.com\/wp-content\/uploads\/2024\/02\/podcast-81-6027213-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohit Chawla\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SteveSaretsky\" \/>\n<meta name=\"twitter:site\" content=\"@SteveSaretsky\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohit Chawla\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/\",\"url\":\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/\",\"name\":\"Canadian Wages are Dropping at an Alarming Pace - Steve Saretsky\",\"isPartOf\":{\"@id\":\"https:\/\/www.stevesaretsky.com\/#website\"},\"datePublished\":\"2023-04-28T14:14:00+00:00\",\"dateModified\":\"2024-02-09T15:16:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.stevesaretsky.com\/#\/schema\/person\/a2107e943aee3a4e2b833b641bed0765\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.stevesaretsky.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canadian Wages are Dropping at an Alarming Pace\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.stevesaretsky.com\/#website\",\"url\":\"https:\/\/www.stevesaretsky.com\/\",\"name\":\"Steve Saretsky\",\"description\":\"Vancouver Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.stevesaretsky.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.stevesaretsky.com\/#\/schema\/person\/a2107e943aee3a4e2b833b641bed0765\",\"name\":\"Mohit Chawla\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.stevesaretsky.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/13e25522ab1fb853ce3b92ef4adf76eb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/13e25522ab1fb853ce3b92ef4adf76eb?s=96&d=mm&r=g\",\"caption\":\"Mohit Chawla\"},\"sameAs\":[\"https:\/\/mycloudworld.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canadian Wages are Dropping at an Alarming Pace - Steve Saretsky","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/","og_locale":"en_US","og_type":"article","og_title":"Canadian Wages are Dropping at an Alarming Pace - Steve Saretsky","og_description":"The housing market continues to turn higher, yet wages are actually rolling over. Latest data shows wage growth is now sharply negative in real terms. Banking issues in the US have not gone away. The Bank of Canada is fully expecting a recession. CN Rail says the recession is already here.\u00a0","og_url":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/","og_site_name":"Steve Saretsky","article_publisher":"https:\/\/www.facebook.com\/stephen.saretsky","article_published_time":"2023-04-28T14:14:00+00:00","article_modified_time":"2024-02-09T15:16:39+00:00","og_image":[{"width":2560,"height":2560,"url":"https:\/\/www.stevesaretsky.com\/wp-content\/uploads\/2024\/02\/podcast-81-6027213-scaled.jpeg","type":"image\/jpeg"}],"author":"Mohit Chawla","twitter_card":"summary_large_image","twitter_creator":"@SteveSaretsky","twitter_site":"@SteveSaretsky","twitter_misc":{"Written by":"Mohit Chawla","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/","url":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/","name":"Canadian Wages are Dropping at an Alarming Pace - Steve Saretsky","isPartOf":{"@id":"https:\/\/www.stevesaretsky.com\/#website"},"datePublished":"2023-04-28T14:14:00+00:00","dateModified":"2024-02-09T15:16:39+00:00","author":{"@id":"https:\/\/www.stevesaretsky.com\/#\/schema\/person\/a2107e943aee3a4e2b833b641bed0765"},"breadcrumb":{"@id":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.stevesaretsky.com\/2023\/04\/the-loonie-hour\/canadian-wages-are-dropping-at-an-alarming-pace\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.stevesaretsky.com\/"},{"@type":"ListItem","position":2,"name":"Canadian Wages are Dropping at an Alarming Pace"}]},{"@type":"WebSite","@id":"https:\/\/www.stevesaretsky.com\/#website","url":"https:\/\/www.stevesaretsky.com\/","name":"Steve Saretsky","description":"Vancouver Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.stevesaretsky.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Person","@id":"https:\/\/www.stevesaretsky.com\/#\/schema\/person\/a2107e943aee3a4e2b833b641bed0765","name":"Mohit Chawla","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.stevesaretsky.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/13e25522ab1fb853ce3b92ef4adf76eb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13e25522ab1fb853ce3b92ef4adf76eb?s=96&d=mm&r=g","caption":"Mohit Chawla"},"sameAs":["https:\/\/mycloudworld.com"]}]}},"_links":{"self":[{"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/posts\/11297"}],"collection":[{"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/comments?post=11297"}],"version-history":[{"count":1,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/posts\/11297\/revisions"}],"predecessor-version":[{"id":11299,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/posts\/11297\/revisions\/11299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/media\/11298"}],"wp:attachment":[{"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/media?parent=11297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/categories?post=11297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stevesaretsky.com\/wp-json\/wp\/v2\/tags?post=11297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}