OTTAWA—Canada’s 100 highest-paid CEOs broke every compensation record on the books in 2021, according to a new report by the Canadian Centre for Policy Alternatives (CCPA).
Corporations and corporate power
Browse the latest edition of The Monitor online here Before it was an entrenched globalized system, it was an idea. Neoliberalism is a term that we use to describe the system dreamt up by right-wing economists like Friedrich Hayek and Milton Friedman. Those thinkers, operating in an era of class-compromise social democracy and competition with communism, were proponents of an economy structured entirely around profit—one where the invisible hand of market incentives guided every social interaction.
Read the full report online here. TC Energy’s $15 billion (USD) Canada-U.S.-Mexico Agreement (CUSMA) lawsuit against the United States—for the Biden administration’s revocation of the Keystone XL pipeline permit—has attracted international condemnation while fuelling a backlash to investor-state dispute settlement (ISDS). Should the Canadian company prevail, it could add to the chilling effect of ISDS on global efforts to address the climate emergency.
The Convoy that took over Ottawa for a month last year just met outside Winnipeg this past weekend. While the right to protest is an essential part of our democracy, it is important to look critically at this movement that has harboured white supremacist, libertarian and in some cases even fascist beliefs. These ideas have originated most recently in the USA, but have a long and odious history elsewhere in the world.
Read an online version of the report here. By 9:43 on the morning of January 3, the average member of the 100 highest-paid CEOs in Canada will have made as much money as the average Canadian worker makes in a year—that's $58,800, by breakfast time on the year's first workday.
OTTAWA—Inflation is holding back a worker-led pandemic economic recovery, but corporate profits have captured more in this recovery than after any previous recession, according to new analysis by Canadian Centre for Policy Alternatives (CCPA) Senior Economist David Macdonald. Macdonald examined how corporations and workers fared following the six recessions over the past 50 years and discovered corporate profits went up by an unprecedented 2.8 points of GDP amid the COVID-19 pandemic.
Canada's top CEOs had another fruitful year, this time amid the misery of the COVID-19 pandemic. The country's 100 highest-paid CEOs from the S&P/TSX Composite recorded their second best year ever for compensation in 2020, according to the report. These executives got paid an average of $10.9 million in 2020. They now make 191 times more than the average worker wage in Canada.
OTTAWA—Canada’s 100 highest-paid CEOs from the S&P/TSX Composite recorded their second best year ever for compensation in 2020 despite the COVID-19 pandemic, according to a new report by the Canadian Centre for Policy Alternatives (CCPA). The report, Another Year in Paradise: CEO Pay in 2020, shows those 100 CEOs got paid an average of $10.9 million in 2020, which is higher than their pay in 2019. They now make 191 times more than the average worker wage in Canada.
Big Oil in City Hall: Climate and Energy Politics in the Queen City is the first comprehensive look at the oil industry’s lobbying and advocacy campaign against Regina city council's proposed fossil fuel sponsorship ban.
The pandemic has once again exposed how unsustainable and inequitable the current food system is. In April of 2020, for example, while millions of Canadians faced financial insecurity and food insecurity, the Dairy Farmers of Ontario—the provincial organization that sets milk production quotas—began ordering farmers to dump their "surplus" milk. News agencies across North America reported the surpluses of dairy, eggs and produce caused by the closures of hotels and restaurants being dumped, crushed and otherwise destroyed.