Bank Bonuses Climb 9% in Canada, at Odds With Bay Street Blues


This article first appeared in BNN Bloomberg.By Christine Dobby Canada’s largest banks set aside 9% more on average for bonuses in fiscal 2023 than they did a year earlier, with increases at all six companies despite a broadly disappointing year for dealmaking.   That increase is somewhat at odds with the mood on Bay Street, according […]

Big Six banks boosted year-end bonus payments across the board


This article first appeared in The Globe and Mail.By Stefanie Marotta and Jameson Berkow Half of Canada’s six biggest banks reported higher profits for their 2023 fiscal year and half saw profits sink, but year-end bonus payments were consistent: They were boosted across the board. While the increase in performance-based compensation varied widely from as low as 0.2 […]

Wave of job cuts ‘probably just the beginning’ at Canadian banks

RBC building

This article first appeared in BNN Bloomberg.By Christine Dobby Canadian banks have resumed cutting jobs after a three-year hiatus, with lenders and investment banks so far dismissing at least 6,000 workers, and analysts predicting more to come as revenue remains under pressure. Bank of Nova Scotia, Royal Bank of Canada and Bank of Montreal all disclosed […]

Canada’s banks quietly shedding jobs as recruiters warn of rampant overhiring in recent years

Bay Street Sign

This article first appeared in The Globe and Mail.By Jameson Berkow and Stefanie Marotta. Slowly but steadily, Bay Street is slashing jobs. Royal Bank of Canada RY-T +0.16%increase chief executive Dave McKay all but announced imminent layoffs in May, when he acknowledged in a conference call with analysts that the bank had “overshot” hiring by “thousands of people.” […]

A Look at the Private Equity Sector in Canada

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This article first appeared on Hunt Scanlon Media Like in many other regions, the private equity sector in Canada is expressing a mixed forecast for the rest of this year. While some firms are experiencing healthy fund raising and deal activity, others are curtailing targets and managing LP liquidity concerns, given the 20-year low in […]

Vlaad and Company Latest Company to Sign WCM’s Parental Leave Pledge

WCM Parental Leave Pledge

Vlaad and Company is proud to sign WCM’s Parental Leave Pledge. See the full list of signatories on their website. We are committed to building on the unique talents, experiences, and perspectives of all individuals and our policies reflect this commitment. The WCM Parent Leave Pledge is a key step to help foster a more […]