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	<title>News Archives - Business In Focus Magazine</title>
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		<title>Five provinces to see minimum wage increase April 1</title>
		<link>https://businessinfocusmagazine.com/2026/04/five-provinces-to-see-minimum-wage-increase-april-1/</link>
		
		<dc:creator><![CDATA[FMG Publishing]]></dc:creator>
		<pubDate>Wed, 01 Apr 2026 04:03:40 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://businessinfocusmagazine.com/?p=38903</guid>

					<description><![CDATA[<p>The minimum wage is set to increase in five Canadian provinces and territories effective April 1, 2026. Workers in Nova Scotia, Prince Edward Island, Newfoundland and Labrador, New Brunswick, and Yukon, as well as workers in federally regulated sectors, will be the beneficiaries of the minimum wage increases. Ontario, British Columbia, and Quebec will see [&#8230;]</p>
<p>The post <a href="https://businessinfocusmagazine.com/2026/04/five-provinces-to-see-minimum-wage-increase-april-1/">Five provinces to see minimum wage increase April 1&lt;p class=&quot;company&quot;&gt;&lt;/p&gt;</a> appeared first on <a href="https://businessinfocusmagazine.com">Business In Focus Magazine</a>.</p>
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<p>The minimum wage is set to increase in five Canadian provinces and territories effective April 1, 2026. Workers in Nova Scotia, Prince Edward Island, Newfoundland and Labrador, New Brunswick, and Yukon, as well as workers in federally regulated sectors, will be the beneficiaries of the minimum wage increases. Ontario, British Columbia, and Quebec will see increases to their minimum wage later in the year.</p>



<p>Nova Scotia will institute an inflation-plus-one-percent formula, bringing the minimum wage from $16.50 to $16.75 per hour, with a second increase to $17.00 per hour expected on October 1, 2026.</p>



<p>Prince Edward Island will maintain the highest minimum wage in Atlantic Canada with an increase from $16.50 to $17.00 per hour, which equates to approximately $1,040 more in annual earnings before taxes for full-time minimum wage earners.</p>



<p>In New Brunswick, the minimum wage is tied to the national Consumer Price Index (CPI) and will see an increase from $15.65 to $15.90 per hour. Overtime pay will be calculated at 1.5 times this rate or $23.85 per hour for hours worked beyond the 44-hour workweek.</p>



<p>Newfoundland and Labrador uses an indexed approach to adjust its minimum wage also based on the CPI. There, the minimum wage will increase from $16.00 to $16.35 per hour, representative of a 2.2 percent increase based on finalized inflation data.</p>



<p>Yukon’s minimum wage is adjusted annually based on the Whitehorse CPI, not the national CPI, and as a result has one of the highest in the country, which is reflective of the higher costs of living. The minimum hourly wage is expected to increase from $17.94 to approximately $18.51 per hour based on a 3.2 percent inflation adjustment.</p>



<p>Likewise, the federal minimum hourly wage will rise for those who are in federally regulated sectors like banking, telecommunications, interprovincial transportation, postal services, and certain Crown corporations. The rate will increase from $17.75 per hour to approximately $18.10 per hour on April 1 and follows Canada’s automatic CPI indexation formula, which means no legislative debate is required.</p>



<p>If a provincial minimum hourly wage is higher than the federal rate, employers must pay the higher amount even in federally regulated industries, which is the case for Nunavut and will be the case for Yukon when April’s increase comes through.</p>



<p>The upcoming rate increase in British Columbia will see the minimum wage rise from $17.85 to $18.25 per hour on June 1, 2026, a 2.1 percent increase indexed to the province’s 2025 inflation rate. The same increase applies to specialized minimum hourly wages for resident caretakers, live-in home-support workers, and piece-rate agricultural workers.</p>



<p>In Quebec, the minimum wage will increase from $16.10 to $16.60 per hour on May 1, 2026, representing a 3.11 percent increase. The rate for tipped workers will also rise from $12.90 to $13.30 per hour which will be to the benefit of nearly 258,900 workers in the province.</p>



<p>Ontario’s minimum wage is calculated using a different schedule whereby the government announces new rates on or before April 1 but implements them on October 1. This year, based on a projected 2.2 percent CPI increase, the minimum wage is expected to rise from $17.60 to approximately $18.00 per hour with student minimum wage proportionally increasing from $16.60 to approximately $16.97 per hour.</p>



<p>While these increases will certainly support workers in meeting their basic needs, many worker advocate organizations continue to stress that they are nowhere close to a living wage, which is an estimate of what a worker needs to earn per house to cover basic expenses like food, housing, transportation, childcare, and other essentials in a local context.</p>
<p>The post <a href="https://businessinfocusmagazine.com/2026/04/five-provinces-to-see-minimum-wage-increase-april-1/">Five provinces to see minimum wage increase April 1&lt;p class=&quot;company&quot;&gt;&lt;/p&gt;</a> appeared first on <a href="https://businessinfocusmagazine.com">Business In Focus Magazine</a>.</p>
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		<title>Canada’s economy lost 84,000 jobs in February</title>
		<link>https://businessinfocusmagazine.com/2026/04/canadas-economy-lost-84000-jobs-in-february/</link>
		
		<dc:creator><![CDATA[FMG Publishing]]></dc:creator>
		<pubDate>Wed, 01 Apr 2026 04:02:36 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://businessinfocusmagazine.com/?p=38905</guid>

					<description><![CDATA[<p>Contrary to expectations, a new Statistics Canada report shows that the Canadian economy lost 84,000 jobs in February, bringing the unemployment rate to 6.7 percent after 12 straight months of ‘almost no job growth.’ This represents one of the worst monthly job losses outside of the pandemic. The decline was dominated by a loss of [&#8230;]</p>
<p>The post <a href="https://businessinfocusmagazine.com/2026/04/canadas-economy-lost-84000-jobs-in-february/">Canada’s economy lost 84,000 jobs in February&lt;p class=&quot;company&quot;&gt;&lt;/p&gt;</a> appeared first on <a href="https://businessinfocusmagazine.com">Business In Focus Magazine</a>.</p>
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<p>Contrary to expectations, a new Statistics Canada report shows that the Canadian economy lost 84,000 jobs in February, bringing the unemployment rate to 6.7 percent after 12 straight months of ‘almost no job growth.’ This represents one of the worst monthly job losses outside of the pandemic.</p>



<p>The decline was dominated by a loss of full-time and private sector jobs, many of which were in goods and services-producing industries. Wholesale and retail trade was down 18,000, construction lost 12,000 jobs, and manufacturing was also down 9,000 jobs, with men aged 25 to 54 and young people between the ages of 15 and 24 the hardest hit, particularly racialized youth.</p>
<p>The post <a href="https://businessinfocusmagazine.com/2026/04/canadas-economy-lost-84000-jobs-in-february/">Canada’s economy lost 84,000 jobs in February&lt;p class=&quot;company&quot;&gt;&lt;/p&gt;</a> appeared first on <a href="https://businessinfocusmagazine.com">Business In Focus Magazine</a>.</p>
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		<title>Canada experiences largest drop in alcohol sales in two decades</title>
		<link>https://businessinfocusmagazine.com/2026/04/canada-experiences-largest-drop-in-alcohol-sales-in-two-decades/</link>
		
		<dc:creator><![CDATA[FMG Publishing]]></dc:creator>
		<pubDate>Wed, 01 Apr 2026 04:01:35 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://businessinfocusmagazine.com/?p=38901</guid>

					<description><![CDATA[<p>According to a new report by Statistics Canada, Canadians are buying and drinking less alcohol and younger generations are leading the way as the country faces its largest annual drop in beer, wine, and spirits sales over the last 20 years. Sales of alcoholic beverages fell 1.6 percent to $25.8 billion in the 2024-2025 fiscal [&#8230;]</p>
<p>The post <a href="https://businessinfocusmagazine.com/2026/04/canada-experiences-largest-drop-in-alcohol-sales-in-two-decades/">Canada experiences largest drop in alcohol sales in two decades&lt;p class=&quot;company&quot;&gt;&lt;/p&gt;</a> appeared first on <a href="https://businessinfocusmagazine.com">Business In Focus Magazine</a>.</p>
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<p>According to a new report by Statistics Canada, Canadians are buying and drinking less alcohol and younger generations are leading the way as the country faces its largest annual drop in beer, wine, and spirits sales over the last 20 years. Sales of alcoholic beverages fell 1.6 percent to $25.8 billion in the 2024-2025 fiscal year, despite a 1.6 percent increase in prices during the same period. Sales by volume dropped for the fourth consecutive year as well.</p>



<p>On average, Canadians bought the equivalent of eight drinks per week between March 2024 and March 2025, showing a decrease from 8.7 the year before, with ciders and coolers the only category that experienced growth while beer, wine, and spirits sales fell.</p>



<p>Alcohol also costs consumers more, as prices rose 1.6 percent, with alcohol purchased in licensed establishments like bars and restaurants up nine percent year over year. Industry averages show that alcohol sales accounted for 21.1 percent of total revenues at these establishments in 2013, but despite the rise in costs, they fell to 17.1 percent by 2023.</p>



<p>Between 2024 and 2025, beer sales were down 1.6 percent to $9.1 billion. Based on volume, the sector experienced its ninth consecutive annual decline. Wine sales were down 2.2 percent to $7.7 billion over the same period, with volume falling for the fourth year, while spirit sales fell 3.2 percent to $6.7 billion.</p>



<p>This is a national example of an international trend, as global wine consumption is at the lowest it has been since 1961, according to the International Organisation of Vine and Wine, which is indicative of changing lifestyles, social habits, generational changes in consumer behaviour, and rising inflation rates.</p>
<p>The post <a href="https://businessinfocusmagazine.com/2026/04/canada-experiences-largest-drop-in-alcohol-sales-in-two-decades/">Canada experiences largest drop in alcohol sales in two decades&lt;p class=&quot;company&quot;&gt;&lt;/p&gt;</a> appeared first on <a href="https://businessinfocusmagazine.com">Business In Focus Magazine</a>.</p>
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