Wage wins could inspire more labour action: RBC report

Canada has already seen several contentious labour negotiations this year and a recent report from RBC economists suggests there could be more on the way amid high living costs.

The Royal Bank of Canada report published last week said high inflation, labour shortages fuelled by Canada’s aging population and the growing size of unions have made job actions more common as the balance of power shifts to employees.

“Lingering around a 40-year high, inflation in Canada has dramatically eroded purchasing power, forcing consumers to rethink their purchases,” the report said. “Across the country, unions have responded by demanding higher pay for their members, increasingly using labour action to further their cause.”

WAGE DEMANDS