Toronto Board of Trade

Toronto Board of Trade

October 04, 2007 08:40 ET

Toronto Executives Averaging 5.1% Raises This Year

Toronto Board of Trade reports majority also getting bonuses

Attention: Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor TORONTO, ONTARIO--(Marketwire - Oct. 4, 2007) - The Toronto Board of Trade's latest compensation surveys for the Toronto region show that area executives received an average wage hike of 5.1% this year. The annual surveys, covering more than 50,000 employees, show that most executives in our region also received a bonus or incentive payment.

"The average increase on base salary this year is higher than last year when executives received a 4.8% average raise", notes Mary de Reus, Vice-President of Information Services at the Board of Trade, "The percentage of executives getting a bonus or incentive payment also increased slightly, from 60% to 61%. Clearly, bonuses are now a core component of executive compensation in our region."

Other results from the six-volume set of compensation and benefits data include:

- High technology companies are leading the pack - their salary increases this year average a whopping 6.5%
- Manufacturers of non-durable goods (such as apparel, food, drugs and forest products) are paying the lowest average hike at 4.1%
- Administrative and support staff, including clerks and secretaries, are receiving average salary increases of 3.3%
- Two-thirds (67%) of the organizations surveyed offer a bonus/incentive plan for executives and the majority of executives in those organizations (91%) actually did receive a bonus.

More information about Toronto's most comprehensive surveys of salary and employment practices, including an order form, is available at Further comment from Mary de Reus can be found on the Board Blog at

The Toronto Board of Trade is the champion of a competitive and vibrant Toronto with a mandate to serve, connect and represent the city's business community. Founded in 1845, Canada's largest chamber of commerce operates at locations across Toronto.
/For further information: IN: ECONOMY, FINANCE, POLITICS

Contact Information

  • Glen Stone, Public Affairs Director, Toronto Board of Trade
    Primary Phone: 416-862-4565
    Secondary Phone: 416-998-9458