๐Canada is set to increase the federal minimum wage to $17.30 per hour on April 1, 2024, according to Employment and Social Development Canada. This follows last year's raise from $15.55 to $16.65. The adjustment aligns with a 3.9% rise in the Consumer Price Index for 2023, marking the largest annual increase since 1991. Provinces like New Brunswick, Yukon, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island are also raising minimum wages. Federally regulated private sectors, including banks and transportation, are subject to the federal minimum, with some provinces having higher rates.โ . ๐๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐จ๐ฆ๐ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ ๐๐๐๐จ๐ซ๐ญ๐ฅ๐๐ฌ๐ฌ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฆ๐๐ฅ, ๐ฒ๐จ๐ฎ๐ซ ๐๐๐๐ข๐๐๐ญ๐๐ ๐๐๐ ๐๐๐๐ฅ๐ญ๐จ๐ซ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ ๐๐ฆ๐๐ข๐ฅ: ๐ค๐๐ฆ๐๐ฅ@๐ญ๐ก๐๐๐๐ง๐๐๐ข๐๐ง๐ก๐จ๐ฆ๐.๐๐จ๐ฆ @kamalpillai_realtor . . #MinimumWageHike #CanadaEconomy #WageIncrease #April1st #LaborMarketUpdates #ConsumerPriceIndex #FairWages #mnm #malayalisnearmeapp #canadaupdate #canadanews
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