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Forget bank of the year, how about banking system of the year? Canadian lenders buck the global...

Forget bank of the year, how about banking system of the year? Canadian lenders buck the global trend of pay cuts, Royal Bank of Canada (RY) and National Bank (NTIOF.PK) leading the way with an 11% jump in bonus pools. Scotiabank (BNS), TD Bank, and Bank of Montreal (BMO) also show increases, but Imperial Bank (CM) sees a reduction in incentive pay.
Comments (4)
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    In other news, Canadians face huge increases in bank usage fees...
    10 Dec 2012, 02:36 PM Reply Like
  • tampabay
    , contributor
    Comments (294) | Send Message
     
    Made nothing but money ($) on RY, love those Canadian bankers, Americans not so much..
    10 Dec 2012, 03:38 PM Reply Like
  • bob adamson
    , contributor
    Comments (4558) | Send Message
     
    When the financing (and refinancing) of mortgages and access to consumer credit becomes tighter across Canada and therefore more expensive over the next couple of years (as they are bound to do), these increasing bonus pools will become a focus for the expression of public frustration.
    11 Dec 2012, 05:59 PM Reply Like
  • tobaccosand
    , contributor
    Comments (27) | Send Message
     
    Canadian banks are the dividend kings, steady, reliable and growing. And yes, I have a whack of them.
    12 Dec 2012, 03:46 AM Reply Like
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