A new report from the International Labour Organization (ILO) suggests that income inequality exists all around the globe. Economists are contradicting the opinions when it comes to evaluating Canada's position in terms of income and wealth inequality. Pedro Antunes, Chief Economist at Conference Board of Canada, said the country has shown a plunging trend of income inequality over the past few years. However, Francis Fong, chief economist for Chartered Professional Accountants of Canada, stated the nation has still a wider income gap than earlier years.