As Ontario and Alberta move towards a $15 per hour minimum wage in the very near future, The Bank of Canada estimates that there will be about 60,000 fewer jobs by 2019, due to the increases.

The report that examines the impact of wage increases, based its numbers on a 0.3 percent decline in the number of hours worked and says that if the average working hours went down following the increase to minimum wage, the number of jobs lost would be lower.

Greg McIntyre, President of the Moose Jaw and District Chamber of Commerce, says although a minimum wage increase sounds great,  it can have some negative impact.

"There is a certain size and scale of businesses that it can be detrimental to the amount of full time employment hours that they can offer." said McIntyre. "As the pay increases, they may start to cut back on hours."

Ontario raised its minimum wage to $14 an hour to start the year, with other increases being examined while Alberta is expected to raise theirs to $15 later this year. Saskatchewan minimum wage was increased in October to $10.96 and it's estimated that over 23,000 people in the province are paid minimum wage.