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Canadian CEOs earned 248 times more than average workers in 2024, with pay soaring 49% since 2020 while workers’ real wages fell.
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.
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.
Despite corporate profits exceeding $600 billion annually, workers saw an effective 3% pay cut after accounting for an 18% rise in prices.
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.
Los CEO canadienses ganaron 248 veces más que los trabajadores promedio en 2024, con un aumento salarial del 49% desde 2020, mientras que los salarios reales de los trabajadores cayeron.