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Canada's Ontario hikes minimum wage to support workers

03:22 PM | 24 Jun, 2024
Canada's Ontario hikes minimum wage to support workers

TORONTO - The authorities in Canada's Ontario province have announced an increase in the minimum wage for workers as inflation rises.

As per the announcement, the government is increasing the minimum wage from $16.55 per hour to $17.20; the change will be in effect from October 1, 2024.

The fresh 3.9 percent annualized increase is based on the Ontario Consumer Price Index (CPI) and brings Ontario’s minimum wage to the second highest in the country after British Columbia with a $17.40 minimum wage per hour.

“Under the leadership of Premier Ford, our government is helping nearly one million workers earn more money for themselves and their families. We are providing businesses with certainty and predictability by announcing this annual wage increase six months in advance, while also helping families offset the rising cost of living, so that Ontario continues to be the best place to live, work and raise a family,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development.

From a historical perspective, it merits mentioning that Ontario's existing minimum wage of $16.55 per hour was increased in 2023 from $15.50. 

It is to be highlighted that the Ontario general minimum wage extends its coverage to include bartenders and alcohol servers. Still, there is a different minimum wage for students, hunting and fishing guides, homeworkers, and wilderness guides.

Ontario, Canada's most populous province, is renowned for its diverse landscapes, vibrant cities like Toronto and Ottawa, and rich culture. It boasts a robust economy driven by industries such as finance, technology, manufacturing, and agriculture. Ontario is also celebrated for its world-class education and healthcare systems.

Daily Pakistan Global Web Desk

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US Dollar, Euro, Pound, Dirham, Riyal Rate in Pakistan Today Open Market Rates - 15 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 15, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)       
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25 303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65



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