In a recent article from CBC, Chief Economist Charles St-Arnaud spoke about the forecast for Alberta salaries should Canada enter a recession. He noted that thanks to Alberta already having higher salaries on average than other provinces, we are expected to fare somewhat better should the economy contract. He also noted that we should not expect wages to go up much in Alberta in 2023 because salaries in Alberta are already higher.

…because wages are higher in Alberta, there’s less of an increase while Canada’s wages are increasing faster. You’re actually seeing what’s often named the ‘Alberta wage advantage,'” said Charles St-Arnaud, chief economist with Alberta Central, who was not involved with the report. “It’s just now that with inflation it seems like it’s actually showing the trend a bit more strongly.”

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