Ontario businesses eye fleeing over minimum wage hike

TORONTO – One-third of small and medium Ontario businesses are considering selling, moving to the U.S. or closing shop in response to provincial government plans to hike the minimum wage to $15 an hour, a Canadian Federation of Independent Business (CIFB) poll of its members revealed.

The organization, which is raising red flags about plans to move from the current minimum wage of $11.40 an hour to $15 an hour by Jan. 1 2019, asked its members what actions they were considering to adapt to the series of hikes.