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flag Canadian CEOs earned 248 times more than average workers in 2024, with pay soaring 49% since 2020 while workers’ real wages fell.

flag Canada's top CEOs earned 248 times more than the average worker in 2024, the Canadian Centre for Policy Alternatives reports, with executives making $16.2 million on average while workers earned $65,548 annually. flag CEO pay has risen 49% since 2020, far outpacing a 15% wage increase for workers, with over 84% of compensation coming from bonuses, stock awards, and options. flag Despite corporate profits exceeding $600 billion annually, workers saw an effective 3% pay cut after accounting for an 18% rise in prices. flag The report criticizes the disconnect between executive pay and performance, noting bonuses often rise even during poor company results and that government support is sometimes used to sustain high compensation.

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