Read on Twitter
“Billionaire wealth has bounced back and expanded by billions of dollars while millions of Canadians struggle with the consequences of the pandemic.” Canada’s 20 richest people saw their fortunes grow by $37 billion during pandemic, says a new study. http://torstar.co/dQBQ50Btw7z
1.8 million Canadians have lost their jobs or seen their hours reduced as a result of COVID-19, according to labour force survey data. And even as the country sees glimmers of economic recovery, the gains are uneven. http://torstar.co/dQBQ50Btw7z
Topping the list of the top 20 billionaires is media magnate David Thomson and family, e-commerce businessman Joseph Tsai, and the Weston family — which owns Loblaw and its subsidiaries. http://torstar.co/dQBQ50Btw7z
A report from the Parliamentary Budget Officer earlier this year found that the top 1 per cent of wealthy Canadians had more than a quarter of the country’s wealth. http://torstar.co/dQBQ50Btw7z
