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Canadian Income rise 3.3% YoY between April 2010 and May 2011

If any proof was required, today from StatsCan
From April to May, average weekly earnings of non-farm payroll employees increased 0.5% to $875.64. On a year-over-year basis, average weekly earnings were 3.3% higher compared with May 2010.
 Whereas American income is static, in Canada income continues to rise.  However, inflation up here is a bigger problem than south of the border.  In fact, two of the principal daily expense of Canadians are food and fuel and both are up substantially more (4.8% and 9% respectively) than income. Still, they don't represent 100% of Canadians' monthly expenditure.

Canada is looking at growth of income and that's what's important.  My guess is that the strength of the CAD will mute inflation pressures, although one of the most important source of inflation in Canada are services....In terms of "where the earnings are being generated"  Warehousing services and manufacturing are the leaders with a 5.5% and 4.5% respective increase in income

I guess this is positive, but inflation in strong in Canada --- it mutes the overall "real" growth.  However, it does seem to indicate a certain tightening on the labor markets which means wage inflation maybe on the rise.  I know I'm starting to sound like a broken record, it remains that aside from the disaster down South and in Europe the Bank of Canada would have already tightened interest rates.  to a certain extent the higher CAD is acting as a break.

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