Monday, September 1st21.6°C
22736
22915

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

20759


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9199+0.0005
Gold1281.70-2.1001
Oil95.96+1.29
Lumber349.60+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



22819

FEATURED Property
18999602025 Shannon Lake Road
3 bedrooms 2 baths
$214,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_








Member of BC Press Council


22810