Home Alexandra Posadzki, The Canadian Press

Alexandra Posadzki, The Canadian Press

Canada's biggest banks hand out big raises

  • March 10, 2016 September 13, 2019
  • 10:20

Promotions meant big pay raises last year for the men taking the helm at three of Canada’s biggest banks. In his first full year as president and CEO of Royal Bank, David McKay saw his total direct compensation jump 44% to $10.9 million. That compared with the $7.5 million McKay earned in 2014 when he […]

  • March 10, 2016 September 13, 2019
  • 09:20

During his three-year tenure as a financial analyst at one of Canada’s biggest banks, Devon Wright never once used his company health plan. “There was just nothing there that was of any interest to me,” says Wright, 28. So when Wright quit his job in 2012 to launch technology company Turnstyle Solutions, he decided to […]

  • February 10, 2016 September 13, 2019
  • 09:28

The federal government won’t jeopardize its goal of balancing the budget in 2019 to improve its ability to pay back the debt, says Finance Minister Bill Morneau. The Liberals, who had promised to keep annual deficits under $10 billion, have recently started emphasizing instead their commitment to keep the debt-to-GDP ratio on a downward trajectory […]

  • December 15, 2015 September 13, 2019
  • 10:37