Friday, October 9th17.8°C

Liberal government to announce increase in Ontario's $10.25 an hour minimum wage

TORONTO - Nearly 500,000 of the lowest paid workers in Ontario find out today how much of a raise they'll get this year when the Liberal government unveils the new minimum wage for 2014.

The Liberals froze the minimum wage at $10.25 an hour in 2010, after increasing it annually from $6.85 in 2004.

An expert panel recommends the government tie future increases in the minimum wage to the rate of inflation, and adjust it on April 1 each year.

Premier Kathleen Wynne likes that idea, but says she knows it will be hard to please those who want an immediate jump to $14 an hour and those who warn any increase could kill jobs.

Wynne predicts no one will be happy with the decision the government makes to set the new minimum wage.

Government sources say there will be a catch-up increase basically adding the annual inflation rates for the past four years to the $10.25 rate.

Labour Minister Yasir Naqvi says it was "unfair" for Ontario's last Conservative government to freeze the minimum wage for eight years, but won't say why it was okay for the Liberals to keep the same rate for four years.

Anti-poverty activists have been pushing the province for an immediate jump in the minimum wage to $14 an hour, but Naqvi that would be "too much" for businesses to handle and could end prompt some to cut jobs.

"Our focus is really to ensure that there is fairness and predictability," he said. "That's why we asked the panel to give us advice so the minimum wage is determined on objective criteria, not on the whim of any political party or leader."

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13964.36-14.30
S&P CDNX552.26+5.20
S&P 5002014.89+1.46
CDN Dollar0.7723-0.0001
Natural Gas2.52+0.02

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.07+0.02
Russel Metals21.26-0.29
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0175+0.0009
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03



2446021#402-2070 Boucherie Road
2 bedrooms 3 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council