FREDERICTON (GNB) – The provincial government announced that the minimum wage will increase to $11.50 per hour on April 1, from the current rate of $11.25 per hour.

In the future, the minimum wage rate will remain indexed to New Brunswick’s consumer price index, rounded to the nearest five cents. Linking the minimum wage to the consumer price index is currently done in other jurisdictions such as Manitoba, Newfoundland and Labrador, and Yukon.

“As a government, we have committed to establishing predictable increases to the minimum wage to benefit both employers and employees,” said Post-Secondary Education, Training and Labour Minister Trevor Holder. “Linking the minimum wage to an economic indicator like the consumer price index will allow New Brunswick employers and employees to be better prepared for increases when they occur.”

The New Brunswick consumer price index grew by 2.13 per cent in 2018.

The provincial government and the governments of Nova Scotia, Prince Edward Island, and Newfoundland and Labrador have agreed to harmonize the date of effect of any minimum wage increase to April 1.