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Ontario minimum wage to rise to $17.95 on Oct. 1

CKTB News- Minimum wage-1.3626723 Minimum Wage sign (gustavofrazao/iStock/gustavofrazao)

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TORONTO — Ontario's minimum wage is set to rise to $17.95 an hour on Oct. 1.

The province boosts the wage annually based on the Ontario Consumer Price Index, a measure of inflation.

The current minimum wage is $17.60.

The government says someone earning minimum wage and working 40 hours per week will see an additional $728 per year.

Labour Minister David Piccini says the increase will leave Ontario with one of the highest minimum wage rates in the country.

The Ontario Living Wage Network says a living wage in the Greater Toronto Area is $27.20.