WestJet Airlines Ltd. Swung back to a profit in the second quarter despite the capacity crunch from the Boeing 737 Max groundings thanks to a higher passenger load and a revenue boost that beat analysts expectations.The Calgary based airline reported profit of $44.3 million or 38 cents per share in the three months ended Jun. 30, compared to the same period last year where it reported a loss of $15.8 million or 14 cents per share the first quarterly loss the airline had recorded in 13 years.
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OTTAWA A new report on the country highest paid CEOs is adding evidence to the argument that women face a glass ceiling at the top of Canada corporate ladder first in getting to the executive suite and, once there, earning as much as their male counterparts.The Canadian Centre for Policy Alternatives calculates that of the more than 1,200 named executive officers, or NEOs, at 249 publicly traded companies in Canada, women earn about 68 cents for every dollar made by their male counterparts.The study says the gap closes to 86 cents when looking at the wages of women and men in senior manager roles, almost in line with the country overall pay gap of 87 cents based on Statistics Canada calculations.The gap at the top means that, on average, men earn about $950,000 more annually than women in similar executive positions.is certainly about executives that what we looking at but I think it reflective of what happening throughout corporate Canada and the difficulties that women face in getting a fair shake even if they do have the qualifications, said David Macdonald, the centre senior economist.The findings are attached to the left leaning centre annual report on the salaries of Canada highest paid CEOs, who are estimated to earn what an average worker makes in a year by the time lunch rolls around Wednesday.A review of corporate filings of publicly traded companies shows the top CEOs earned an average of $10 million in 2017, the most recent year available, or about 197 times more than the average worker.An earlier analysis by The Canadian Press, cited in the centre report, found a similar gap among the country top 60 publicly traded companies. The review of records for 312 NEOs showed only 25 women and they earned an average of 64 cents for every dollar earned by male counterparts.Interviews with about a dozen executives revealed a range of reasons.They told The Canadian Press about how companies rely on the boys club for executive searches. They also spoke about how outdated and unchallenged corporate culture in some companies leave women out of top jobs or fail to provide workplace support.
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