Minimum wage hikes across Canada this year could cost about 60,000 jobs by 2019, despite the benefits they would bring, the Bank of Canada says in a new report. As of Jan. 1, Ontario's minimum wage is now $14 an hour, up from $11.60. A minimum wage worker in Ontario just got a raise of $2.40 an hour compared to what they were making last week. That's real money in their pocket, but the job market isn't the only thing set to be impacted by a higher minimum wage. How will minimum wage hikes hit the Canadian economy?
Source: CBC News January 03, 2018 09:56 UTC