Canada’s Minimum Wage Increased By 7%
Canada’s minimum wage has been increased by $1.10 from 1 April 2023 to deal with rising inflation.
Canada’s Minister of Labour, Seamus O’Regan Jr., recently stated that authorities would ensure to increase wages along with the rising cost of living. He further added that taking care of workers is essential for economic growth and equitable prosperity for everyone.
It is safe to say that pay increments are necessary to attract and retain talented individuals in the country. As a result, individuals employed in occupations mentioned on Canada’s in-demand jobs list will be able to earn higher salaries. Moreover, increasing federal wages shows that the government values the contribution of Canada’s workforce and is prepared to invest in the workers’ expertise and well-being.
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