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Top CEOs earned $7.3 million in 2008; N.W.T. increases minimum wage to $10; Booklet directs employers to hiring supports
|Canadian HR Reporter|Last Updated: 02/22/2010

Top CEOs earned $7.3 million in 2008

Toronto — Canada’s 100 highest paid CEOs pocketed an average of $7.3 million in 2008, according to a report from think tank Canadian Centre for Policy Alternatives (CCPA). Soft Landing: Recession and Canada’s 100 Highest Paid CEOs shows Canada’s top CEOs earned 174 times more than the average Canadian wage and executive compensation remains resilient to worldwide economic forces. Between 1998 and 2008, Canada’s top 100 CEOs’ average compensation outpaced inflation by 70 per cent, according to CCPA. In contrast, Canadians earning the average income of $42,305 a year lost six per cent to inflation over the same period.

N.W.T. increases minimum wage to $10