Canada’s top 100 CEOs earned an average $13.2 million in 2023, What’s costing more in 2025, Ukraine halts transit of Russian gas to Europe.

January 02, 2025 00:46:04
Canada’s top 100 CEOs earned an average $13.2 million in 2023, What’s costing more in 2025, Ukraine halts transit of Russian gas to Europe.
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Canada’s top 100 CEOs earned an average $13.2 million in 2023, What’s costing more in 2025, Ukraine halts transit of Russian gas to Europe.

Jan 02 2025 | 00:46:04

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Show Notes

In this News Takeaway segment, Vijay Saini and Vasu Kumar discuss Canada's top 100 CEOs earning an average of $13.2 million in 2023 and explore the growing income disparity. They also delve into what is expected to drive costs higher in 2025 and analyze Ukraine's decision to halt the transit of Russian gas to Europe, a move with significant geopolitical and energy implications. Stay informed with this insightful morning discussion.

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Episode Transcript

[00:00:01] Speaker A: And now News Takeaway. [00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment. [00:00:21] Speaker A: Good morning Vijayji Good morning Connect Nal Connect Good morning and a very very happy New Year to everyone. [00:00:28] Speaker B: Happy New Year. [00:00:38] Speaker A: Listeners no advertisers no Sara so Connect new Happy birthday build up. [00:01:41] Speaker B: Four hour show engagement we are looking forward not three hours a day but four hours a day or adjustments. [00:03:22] Speaker A: These are the listeners first good news of 2025 so listeners are very happy. [00:03:37] Speaker B: Saturday Sunday Saturday Sunday programs segment program connecting the dots Dr. Professor Amajitpur so that will be Monday to Friday so from about 10:35am onwards so Rosanna program which Dr. Professor conversations they said the front desk the number has 604-961-0915 Chase Nobody Sales Team Connect FM Program 600-496-10915 Sales Team the members honestly speaking keep it light. [00:06:31] Speaker A: This was just another year. [00:06:36] Speaker B: Sometimes it's not about the big changes it is just about the small incremental things. [00:06:55] Speaker A: I think that's more than enough. [00:07:34] Speaker B: Natural Instinct Canadian center for Policy Alternatives Individual income tax file until the end of April Sharathiya Paniskar Kariya Prayaltak file Karthasi Pish Lesal Otobach with a number compile Hokesara data maybe by the middle of the year Agya hoega Harsalada Top 100 highest paid CEOs. [00:10:05] Speaker A: Average Canadian worker. [00:10:17] Speaker B: Share based awards Option based awards but of course top paid CEOs top 100 average compensation highest paid Canadian CEO son Patrick Dovigi GFL environmental day CEO the total arm at heart Point Punch million dollars Restaurant. [00:11:01] Speaker A: Brands International Day Joshua Kobza. [00:11:07] Speaker B: RBI is the parent company of Tim Hortons Burger King and many other restaurants Suncor Energy. [00:11:16] Speaker A: Point million Kamai so Sun Core Energy the CEO Restaurants Restaurant brands International interesting in fact total so Scott Michael Charney. [00:11:57] Speaker B: Overall payout a CCPA Canadian center for Policy Alternatives compensation are total overall numbers this is the third highest since CCPA has been tracking these numbers. [00:12:26] Speaker A: Profits were lower in 2023 inflation see workers wages so contract renegotiations so CEOs got paid less and it was like Karnavi seeker we saw buy the wages CEOs the compensation that it made so many headline system. [00:12:59] Speaker B: Of course the compensation at the beginning of the year. [00:14:38] Speaker A: Keep at it million billion trillion but keep at it day in day out derailed your thought. [00:15:25] Speaker B: So it will be a four hour show Monday to Friday BC Assessment Property valuations CA website that is as of end of June last year so BC assessment Cat. [00:16:22] Speaker A: I am very proud to say that this year last year 1 of the income when I worked really hard and I want to move forward all the very best to you Keep moving from strength to strength more power. [00:16:41] Speaker B: To you exactly correct Minimum Mangai Vajri I believe to see maybe the overall quality of life that was about 10 years ago Canadian dollar. [00:18:27] Speaker A: No mount is enough correct so I think JK new year resolution this could be a very good new year resolution maybe March credit card account statements Account statements. [00:19:21] Speaker B: It's not just about how much you earn it's also how much you save right. [00:19:43] Speaker A: Food. [00:19:43] Speaker B: Price report I think early December which report Iech groceries total amount food the expense for a family of four this year so food price. [00:20:41] Speaker A: So housing Average selling price 10.10 across the province across property types and across province flipping tax profit so property taxes energy prices Matlabo did an average bill a monthly bill Fortis day customers monthly. [00:21:57] Speaker B: Gas the customers the B.C. utilities Commission for the rest of the province. [00:22:57] Speaker A: Anyways election campaign consumer carbon tax most likely 100% carbon tax election translating so there is single zone ticket. [00:24:19] Speaker B: So million dollars. [00:24:28] Speaker A: Till 2028 so pretty con. [00:25:07] Speaker B: Each time basic minimum amount income tax minimum exemption personal exemption amount. [00:26:04] Speaker A: Income tax. [00:26:05] Speaker B: Provincial income tax deductions they already payrolls paychecks so. [00:27:09] Speaker A: Delay so a Canadian Taxpayers Association Interesting very interesting so Justin. [00:27:57] Speaker B: This hour has 22 minutes yeah. [00:28:16] Speaker A: How do you feel about it? Instead of working Canadians billion dollar kirch debt to GDP ratio consumer debt so Jeddah Canadians personal debt household although video interview see Christia Freeland. [00:30:48] Speaker B: So J Christia Freeland of course. [00:31:21] Speaker A: Billion doll so that's also a possibility. [00:32:13] Speaker B: Retirement savings plan maximum amount per year so unless you have contribution room from the previous years Maximum or 18% of your earned income of 2024 TFSA tax free savings account maximum allowable contribution they wish to see tax free savings account there are total overall room Investment advisor Bank of Canada really ugly meeting that is at the end of this month I believe economic numbers GDP numbers job numbers inflation. [00:33:47] Speaker A: Word player. [00:34:01] Speaker B: Gas prompt natural gas the supply European pipeline the network is European further extend Nahi Kitagiyah so. [00:34:52] Speaker A: Pipeline network so almost Charlie percent pipeline European Union so JD Nord stream pipeline pipeline natural gas Laki on the Earth Turk stream pipeline so JD Baltic Sea valley Belarus Poland pipeline energy crunch so pipeline Ali Chauthi Black Sea Alia billions of dollars floating LNG import terminals. [00:37:12] Speaker B: We export terminal. [00:37:20] Speaker A: Export terminal environment. [00:37:35] Speaker B: Otherwise but coming back to this like you mentioned. [00:38:33] Speaker A: Lesser influential like Moldova like Moldova like Slovakia like Serbia Austria Slovakia Moldovano supply gas supply Kardisi via Ukraine Russia Ukraine pipeline which so pipeline which I guess is on the USSR recent contract so Austria Slovakia Moldova leaders Slovakian prime minister sorry Robert Fico energy. [00:39:54] Speaker B: In February it's going to be three years next month month. [00:40:50] Speaker A: Gas imports. [00:41:05] Speaker B: Asian countries China North Korea energy supply okay Canada natural fit Honasi natural gas the supply domestic politics political compulsions. [00:42:15] Speaker A: Economy you know this is a this is an economic matter environment is front and foremost. [00:43:13] Speaker B: So 2025 and especially once Donald Trump takes over that he is in any mood to step away front and center it doesn't look like he's going to step away Ontario caucus Quebec caucus Atlantic caucus. [00:43:59] Speaker A: If he doesn't step away he will have to prorogue the parliament prorogue. [00:44:15] Speaker B: Constitutional challenge. [00:44:31] Speaker A: Yes and parliament parliament pro kiss Bahanik Rangi parliament ultimately and October election and Kona 10 charm parliament non confidence motion Ayga so Bakra. [00:45:24] Speaker B: Masahari kahavat oh is that right. [00:45:59] Speaker A: Thank you Vijay. [00:46:00] Speaker B: Have a good day and happy new year once again you too Vijay very. [00:46:03] Speaker A: Very happy new year to.

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