Ontario increasing minimum wage

Hourly rate to rise 4.2 per cent on Feb. 1 to $7.45
|hrreporter.com|Last Updated: 09/02/2005

Ontario is increasing its minimum wage on Feb. 1 to $7.45 an hour, up 4.2 per cent — or 30 cents — from the current rate of $7.15.

The province said there will be annual increases in each of the next two years until the minimum wage reaches $8 per hour in early 2007. Last February, the rate was raised from $6.85 to $7.15, the first increase in nine years.

“By gradually increasing the minimum wage, the government is moving responsibly,” said Labour Minister Chris Bentley. “A phased-in approach is part of our government’s plan to improve the quality of life for people in the province while giving Ontario businesses more time to adjust so that they can remain competitive with businesses in other jurisdictions.