Five provinces raised their minimum wages this week

While minimum wages in Canada are 'pretty close' to in-line with the cost of living at an aggregate level, that cost varies across municipalities in any given province. Photo by Stephen Llewllyn/The Daily Gleaner/Postmedia files

On Tuesday, five provinces raised their minimum wages, following hikes in several other regions earlier in the year. Some of the recent wage hikes were directly tied to increases in the consumer price index, a mechanism intended to address rising cost-of-living pressures and economic uncertainty. Here, the Financial Post breaks down the recent moves, the calculations behind them and how the provinces now stack up when it comes to the minimum wage.

Which provinces raised their minimum wages Oct. 1?

What’s the formula for calculating the minimum wage?

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