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Global Markets: Minimum wage hike does little to help – report

By Commodity News Service Canada

Sept. 27 (CNS Canada) — The following is a glance at the news moving markets in Canada and globally.

– A report by the Fraser Institute, a free-market-oriented think tank, says increasing minimum wage in Alberta will do little to help the most needy. That’s because 92 per cent of those who earn minimum wage do not live in a low-income family and 50 per cent are under age 24, with 85 per cent of those living with a parent or other relative. Alberta’s minimum wage is scheduled to increase to $15 per hour on Oct 1.

– U.S. President Donald Trump said he is unhappy with Canada’s negotiating style at the North American Free Trade Agreement talks, and “we don’t like their representative very much,” apparently referring to Foreign Affairs Minister Chrystia Freeland. Trump also said he turned down a potential meeting with Prime Minister Justin Trudeau, although Trudeau’s office said no meeting was requested.

– Ontario Premier Doug Ford is distancing himself from Toronto white nationalist and neo-Nazi supporter Faith Goldy, after posing for a photo with her during the weekend.
“I have been clear. I condemn hate speech, anti-Semitism and racism in all forms — be it from Faith Goldy or anyone else,” he said via Twitter. The comment follows three days of Ford being asked in the legislature to denounce Goldy.

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