The minimum wage in Ontario is officially rising to $15 by 2019.
Bill 148 - the Fair Workplaces, Better Jobs Act - includes equal pay for part-time workers, longer personal emergency leave, and more vacation time. It's a triumph for many workers, with employees making roughly 18 per cent more money next year than they are right now if they work the same number of hours.
But the announcement comes with downfalls, especially for businesses. Metro says it expects to incur $45-$50 million in extra costs next year from Ontario's minimum wage hike, according to the Financial Post.
In order to counteract the financial loss, the Canadian grocery store chain says it plans to "scale back hours at some stores".
"Some 24-hour stores will no longer be 24-hour stores," Metro chief executive Eric Le Fleche told analysts on a conference call Wednesday. "We have to manage the hours the best we can without reducing customer service."
Metro currently has 12 stores in Toronto, with more than half open 24/7, including locations on Front street and Bloor and Spadina.
In seven of its Quebec stores, the convenient store offers click and collect, as well as home grocery delivery in Montreal, Gatineau and Quebec City. There is “clearly a customer preference for home delivery,” the CEO said.
Luckily for any late-night shoppers or snackers, Metro has said it plans to extend its online and home grocery delivery next year.
In the meantime, buy your groceries before midnight.