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New minimum wage set for Canada and five provinces, effective April 1

Canada's federal minimum wage will increase from $16.65 to $17.30 per hour on April 1, 2024, in line with inflation. This adjustment will benefit approximately 30,000 workers in federally regulated sectors. Federally regulated industries must meet this new minimum wage, including banking, postal services, and transportation. Yukon's minimum wage will rise by 82 cents to $17.59 per hour, making it the second-highest in the country after Nunavut. Nova Scotia's minimum wage will increase to $15.20, New Brunswick's to $15.30, and Newfoundland and Labrador's to $15.60. Prince Edward Island will also experience a raise to $15.40 per hour. These changes represent a smaller increase than the previous year when the federal minimum wage rose by $1.10.

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