Saturday, May 31, 2025

Latest

Doug Ford Promises 50-Cent Wage Increase in October

Doug Ford’s government is promising to hike Ontario’s minimum wage by 50 cents come early fall if his party is reelected in June.

In an effort to appease voters frustrated with rising consumer prices, the Ontario Progressive Conservative government said it would hike the minimum wage from $15 per hour to $15.50 per hour, coming into effect in October. Ontario’s minimum wage was initially set to jump from $14 per hour to $15 per hour in 2019, but the premier cancelled the increase shortly after the election over fears it would become too expensive for businesses.

However, the economic effects of Covid-19 forced the Ford government to re-evaluate the wage freeze, and raise minimum hourly pay to $15 after all in January 2022. “Things were a lot different back in 2018,” Ford said, as cited by CTV News. Affordability has become a hot topic among Canadians, and a key issue ahead of Ontario’s election this summer. The province’s Liberal Party is promising to raise wages to $16 per hour by next year, in addition to 10 paid sick days if elected. The NDP is even more ambitious, committing to also hike pay to $16 by October, followed by incremental increases to $20 per hour by 2026.

According to a report published by the Ontario Living Wage Network in 2021, Canadians living in Toronto need to earn a minimum of $22.08 per hour in order to afford basic necessitates such as food, shelter, transportation, clothing, and child care.

Information for this briefing was found via CTV News and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Russia’s Central Bank Hikes Interest Rates to Two-Year High At 18%

Russia’s central bank raised its key interest rate by 200 basis points to 18% on...

Friday, July 26, 2024, 10:17:00 AM

Markets are Headed for Bull Territory? Jim Cramer Seems to Think so

Jim Cramer, best known for his contrarian market evaluations, expressed exuberant emotions last week and...

Monday, March 28, 2022, 04:49:00 PM

Tiff Macklem Leaves Rates Untouched, Is Confident Inflation Will Fall ‘Quickly’ In Coming Months

As was widely expected, Bank of Canada Governor Tiff Macklem opted to keep the overnight...

Wednesday, April 12, 2023, 10:23:20 AM

Bank of Canada Open to 75 Basis Point Rate Hike in Face of Surging Inflation

The Bank of Canada signaled it is prepared to unleash a bout of even more...

Friday, April 22, 2022, 03:08:00 PM

Ford Says He Doesn’t Want Poilievre’s Job

Ontario’s Conservative premier is ruling out any federal leadership aspirations, distancing himself from turmoil in...

Tuesday, April 22, 2025, 09:56:00 AM