It's not that the money is not going to the artist. It's that the actual sales of recordings have declined to such a point, and people have been steadily shifting toward streaming services that are paying the micropennies that Brian was just talking about.
I should point out there are services that are available in Canada like Rdio and Deezer. I'm not aware of the intimate details of their deals, but I'm going to assume—and perhaps this is worth some further study—that their payments are in that neighbourhood.
The royalty statements you would get from a record company for a sale or track on iTunes or CDs, which are still part of the industry, we should point out, are going to be way more than what you would get from a streaming service, but as the consumer moves towards this “all you can eat” streaming service model, the payments do not reflect what someone would get if they bought a recording as opposed to the streaming services.