It’s always the same scenario in Ontari-owe. Liberals plan something dumb. Folks tell them don’t do that, it’s dumb. Liberals ignore folks and go ahead and implement something dumb and then there’s the predicted fallout. Liberals whinge “how were we to know?”
The employment drop coincided with an increase in the minimum wage in Canada’s largest province — Ontario. That fueled an acceleration of the national wage rate to an annualized pace of 3.3 per cent that was the fastest since 2015.
“Those looking for the impact of the minimum wage hike in Ontario might find evidence in a 51K drop in that province’s employment (all of which was in part time),” wrote CIBC chief economist Avery Shenfeld.