Ontario businesses raise prices, consider cutting staff as minimum wage increase approaches

New Year’s Day marks the first of two scheduled hikes, with the second to take place on Jan. 1, 2019, when the minimum wage will go up to $15. After that, it will be adjusted to keep pace with inflation.

  • A Hamilton Guy

    My partner informed me that she is increasing our prices,and our staff has always been more than adequatley compensated.
    Thanks Kathleen.

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  • Jaedo Drax

    The good news is that the increase in 2018 is only 7%. The bad news the increase tomorrow is 17%.

    As we can expect inflation to be recorded as a result, you’ll see a bunch of interest rate increases, to try to tamp down inflation below the 2% target.

    Which might just implode part of the real estate market, as less people will be buying, and more people will be selling.