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  • Private Wealth Canada News
    AGA Range Comes To Canada AGA Marvel has brought the AGA Total Control Range Cooker to Canada The range has been redefined with state of the art touch screen controls giving ultimate programmability while retaining the classic design value that have made it a kitchen icon in the UK With two hotplates and three large cast iron ovens preset at the correct temperature for roasting baking and simmering it can cook food in 10 different ways from grilling and toasting to roasting It is expected to be available in March In the UK the price of the range starts at around 15 000 Businesses Pessimistic About Future Canadian businesses are becoming more pessimistic about the economy and their future prospects for sales both at home and in foreign markets says the Bank of Canada The central bank s survey of senior management at 100 representative firms shows confidence is well off post recession highs across the broad spectrum of issues from sales expectations to their ability to pass through their costs to customers But executives are most gloomy about sales For the first time in almost three years more firms on balance expect sales growth to slow rather than increase over the next 12 months In the survey 41 per cent expect their sales pace to slow as opposed to 37 per cent that expect an increase January 9 2012 Top CEOs Make Average Worker s Salary In Three Hours The richest Canadians are now making 189 times the country s average wage says a report by the Canadian Centre for Policy Alternatives The 100 highest paid chief executives at companies are listed on the S P TSX composite index made an average of 8 38 million in 2010 compared with the 44 366 an average Canadian made working full time The Canada s CEO Elite 100 report says this is a 27 per cent increase from the 6 6 million average compensation for the top 100 CEOs in 2009 It means that by noon on a regular working day the average top executive will have already made as much money as the average Canadian worker makes in a year Pay Gaps Make Attracting Talent Difficult Significant pay gaps for executive positions in the United States and Canada may make it more difficult for Canadian companies to attract American talent says Meridian Compensation Partners A study from the firm compared the outside director compensation practices at the S P TSX 60 index companies and at U S public companies with comparable revenue It found U S companies pay their directors median total compensation of US 207 625 22 per cent more than Canadian companies where median total compensation is 170 795 The gap is narrower for cross listed Canadian companies with U S companies paying only 13 per cent more total compensation at the median U S companies pay a greater portion of total compensation 57 per cent in equity compared with 39 per cent in equity at Canadian companies

    Original URL path: http://privatewealthmagazine.ca/private_wealth_news.php?date=2012-01-17 (2016-04-26)
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