Update: Walmart Canada Investing Over $38 Million in Wage Increases-March 2024-www.financetom.com

Update: Walmart Canada Investing Over $38 Million in Wage Increases

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Update: Walmart Canada Investing Over $38 Million in Wage Increases

Jul 25, 2024 12:39 PM

03:01 PM EDT, 07/25/2024 (MT Newswires) -- (Updates to correct currency after confirmation from the company.)

Walmart ( WMT ) unit Walmart Canada said Thursday it is investing C$53 million ($38.4 million) to increase per hour wage of its store associates.

The company said it raised hourly wages of around 40,000 employees earlier this month to ensure competitive pay in the markets it operates in.

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