OTTAWA — The federal minimum wage is rising to $17.30 per hour on April 1. The increase from $16.65 reflects the increase in the annual average consumer...
OTTAWA — The federal minimum wage is rising to $17.30 per hour on April 1.The government says about 30,000 employees in the federally regulated private sector will benefit from the increase.It is adjusted annually based on Canada's annual average consumer price index from the previous calendar year.
If the provincial or territorial minimum wage rate exceeds the federal rate, employers must pay the higher of the two.House conservatives are railing against the latest spending deal negotiated by Speaker Mike Johnson , accusing leadership of ignoring their demands and warning that future generations will be swamped in federal debt.
WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year. For now, the officials kept their benchmark rate unchanged for a fifth straight time.
WASHINGTON — Congressional leaders from both parties looked to put a positive light on a $1.2 trillion spending package that lawmakers are working to approve before funding expires at midnight Friday for a host of key government agencies. Text of the legislation had not been released as of Wednesday afternoon, but lawmakers and aides were expecting an official unveiling later in the day.
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