2024 Cost Of Living Increase Ontario. Heading into 2024, the concern shifts from inflation to the potential for a recession. Ontario, prince edward island, manitoba, and saskatchewan have all increased the legal minimum hourly wage paid to workers as of.
Toronto โ the ontario government is increasing the minimum wage from $16.55 per hour to $17.20, effective october 1, 2024. In fact, borrowing costs will drop by at least 20 per cent in 2024.