Canada’s top CEOs saw a nearly 20% pay increase in 2024, with median total compensation reaching over $10 million. Strong market performance drove the spike, with CEOs receiving generous bonuses and share-based awards. Shareholders largely support executive pay policies, despite stark contrasts with average wage growth. Canadian CEOs’ compensation has surged over the years, driven by share-based awards. Different compensation structures in Canada and the U.S. impact CEO pay during market fluctuations.
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