Cola Increase 2024 Ontario

Cola Increase 2024 Ontario. The adjustment is based on 100% of the adjustment in the consumer price index (cpi), a weighted basket of goods and services typically purchased by canadian households each month. Listing of major wage settlements by quarter and.

This year, cola is 6.3 per cent. Wage increases of 3.5% in the first year and 3% in the second and third years, and 2.7% in the fourth year of the agreement.