Five Canadian Provinces Boost Minimum Wage Wednesday, Led by Ontario's $17.60
Five Canadian provinces are set to boost their minimum wage on Wednesday, with Ontario leading the pack at $17.60 per hour. Nova Scotia and Prince Edward Island follow closely at $16.50 per hour.
The increases are linked to Canada's consumer price index, reflecting rising inflation. Ontario's hike is the largest, marking a significant jump from its previous rate. Meanwhile, Manitoba's minimum wage will rise to $16 per hour, and Saskatchewan's to $15.35. Nova Scotia and Prince Edward Island's rates remain unchanged from the earlier increase this year.
Notably, Alberta is the only province holding steady at $15 per hour, maintaining the lowest mortgage rates in Canada. British Columbia, Quebec, New Brunswick, and Newfoundland and Labrador have already raised their rates earlier this year.
The minimum wage increases aim to keep pace with inflation, ensuring workers' purchasing power remains stable. With five provinces adjusting their rates, the national average is set to rise, benefiting a significant number of Canadian workers.
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