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

|About: Bank of Montreal (BMO)|By:, SA News Editor

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.