Canada's richest 1% taking more than ever before

A major report by CCPA Senior Economist Armine Yalnizyan shows Canada's richest 1% enjoy more of the gains from economic growth than ever before in recorded history.

The report looks at income trends over the past 90 years, revealing the richest 1% took 32% of all growth in incomes between 1997 and 2007 -- the biggest piece of action any generation of Canadians has taken.

You have to go all the way back to the 1920s to find a similar trend, and even then, the richest 1% didn't take so large a share of income. Read the report here.

How will Canada’s elite react to the latest numbers?  Read more on Armine Yalnizyan’s latest blog on the Globe and Mail Report on Business site.

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