According to Statistics Canada, average wages in Nova Scotia have risen by 4.6% this year, beating every other province in confederation.
The report shows that the average wage in Canada has grown by 2.9% year-over-year. The only province that showed a decline in wages was Alberta. Saskatchewan and New Brunswick took the second and third spots on the list, respectively.
This figure isn’t unexpected, as Nova Scotia’s economy has been sizzling for a few years now. The main drivers of our growth appear to be increased immigration, decreased out-migration and respectable fiscal policy. We are one of the only provinces in Canada that is not running a deficit and have a decent credit rating and economic outlook.