The latest employment data from Statistics Canada confirm that Canada’s post-COVID recovery remains strong. The unemployment rate in March fell to 5.3%, the lowest since Statistics Canada began its monthly labour force survey in 1976.  Another positive sign was an uptick in the growth of average wages. Hourly wages grew by 3.4% in the year ending in March, and weekly wages grew by 3.9% in the same period (weekly wages grew faster than hourly wages thanks to increases in full-time work and average hours of work). That represents a modest acceleration in wage growth from recent months. However, the pace of wage growth has really just returned to normal pre-pandemic…