Normandin Beaudry recently published its Salary Increase Survey, which surveyed more than 800 organizations in Canada this summer. The analysis offers a deep look into market trends, including compensation planning.
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Wondering which Canadian sectors could see a pay bump in 2027? Here’s what you’ll want to know.
Normandin Beaudry’s Salary Increase Survey for Canada
According to Normandin Beaudry, “as Canada has entered a technical recession following two consecutive quarters of economic contraction, strategic planning relevant to salary increases is essential in retaining talent and maintaining workforce strength.”
Organizations are reportedly anticipating to hold their salary increase budgets steady in 2027, with only 1.7% of respondents noting freezing salaries in 2026. 3.7% of respondents note that they project salary freezes in 2027, as well.
High Salary Increases
In 2026, the construction of buildings sector reported the highest granted salary increase budget at 3.6% The following sectors also reported higher than average increases this year.
- Professional, scientific and technological services: 3.5%
- Telecommunications, data processing, data warehousing and related services: 3.5%
- Finance and insurance: 3.4%
- Real estate, rental and leasing: 3.4%
But who’s getting more money in the new year? Apparently, “projected 2027 salary increase budgets indicate that the telecommunications, data processing, data warehousing and related services sector as well as the finance and insurance sector will continue to maintain higher salary increase budgets with a 3.4% increase.”
Curious about the rest of the report? You can check it out here.
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