April 6, 2023
In a move designed to “keep pace with inflation”, Canada’s federal minimum wage will be increasing by $1.10 as of April 1st.
In the words of Canada’s Minister of Labour, Seamus O’Regan Jr., “the cost of living is rising, so we’re making sure that wages keep going up too. We’re looking after workers, because that’s how you grow the economy and create more prosperity for everyone.”
According to the press release from Employment and Social Development Canada (ESDC), the federal minimum wage will increase to $16.65 as of April 1, 2023. This comes after the Consumer Price Index rose by 6.8% in 2022.
At present, ESDC notes that around 26,000 working Canadians earn less than $15.55 per hour, the current federal minimum wage.
The federal minimum wage rate “applies to workers and interns in federally regulated private sectors, including banks, postal and courier services, and interprovincial air, rail, road, and marine transportation.”
