The CEOs of four of Canada's biggest banks received an average $11 million in compensation last year, despite most of them failing to meet performance targets.
The compensation for banks that have disclosed the data so far range from RBC chief executive Dave McKay receiving $15.2 million, to Scotiabank's Scott Thomson being paid $7.7 million.
McKay's pay was above the board's target of $14 million as bank performance exceeded expectations, a track record that has also led the board to bump up that target to $17 million for 2024.
CIBC chief executive Victor Dodig received $10.7 million in total compensation, about 2.7 per cent below target, and BMO chief executive Darryl White received $11.2 million, about 4.7 per cent below, as neither bank met performance goals.
Thomson, who took on the combined role of president and CEO as of Feb. 1 last year, had a target of $8.7 million based on his starting date, or $9.5 million on a full-year basis.
TD Bank Group has yet to release its proxy circular that discloses executive compensation.
This report by The Canadian Press was first published March 8, 2024
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
Hot on the heels of the Conservatives' stunning byelection victory in the riding of Toronto—St. Paul's, new seat projection data from Nanos Research show ridings considered previously safe for the Liberals are increasingly up for grabs.
Premier Doug Ford has removed a member of his caucus due to what he’s describing as 'serious lapses in judgment.' In a statement released Friday morning, the premier’s office said MPP Goldie Ghamari had been removed from the Progressive Conservative caucus 'effective immediately.'
U.S. President Joe Biden forcefully tried on Friday to quell Democratic anxieties over his unsteady showing in his debate with former President Donald Trump, as elected members of his party closed ranks around him in an effort to shut down talk of replacing him atop the ticket.
Marriage might be the oldest institution in the world, but it's struggling to adapt to the pressures of modern life. Registered psychologist Adisa Azubuike explains why it's more difficult today.
If you are clogging your clock app with multiple morning alarms, you’re setting yourself up for a groggy morning, experts say.
If you could make sunscreen with items found in your kitchen pantry, should you do it? Posts from social media influencers and bloggers including recipes to make your own sunscreen have been wildly circulated online, but the dermatologists who spoke to CTVNews.ca call it a 'horrible idea.'
Billionaire businessman Frank Stronach stands charged with sexually assaulting seven additional complainants from 1977 to as recently as February, court documents filed Friday show, bringing the total number of accusers in his case to 10.
Not a day goes by when Scott and Amanda Cadman don’t think about their son Kirk.
Not a day goes by when Scott and Amanda Cadman don’t think about their son Kirk.
The Ontario government says it is cracking down on fraudulent tow truck drivers with a new certification requirement it calls a first among Canada's provinces.
The northeast’s only remaining supervised consumption site, Safe Health Site Timmins, is shutting down its safe consumption services at the end of the month.
Six people have been charged in a provincial human trafficking investigation that identified five survivors from Greater Sudbury.
More than a year after police in Ontario unravelled a massive art fraud involving the works of Norval Morrisseau, the late Indigenous artist's family and estate say they're still paying the price for the decades-long scheme.
A ban on the setting of fires has been lifted on the island of Newfoundland but remains in effect for Labrador, where the threat of wildfires continues.
U.S. President Joe Biden's halting debate performance has led some in his own party to begin questioning whether he should be replaced on the ballot before November.
U.S. Vice President Kamala Harris knew she had to go to bat for President Joe Biden as devastating reviews of the president's debate performance rolled in late Thursday night, aiming to strike a balance between sounding reasonable about the president’s performance while also hammering home the contrast between the two candidates, two sources told CNN.
The U.S. Supreme Court on Friday limited a federal obstruction law that has been used to charge hundreds of Capitol riot defendants as well as former President Donald Trump.
Officials in Bolivia announced Friday they had arrested four military officers in connection with a thwarted coup against President Luis Arce's government, broadening the case to include more suspects in the armed forces' takeover attempt that shocked the South American country.
The Supreme Court on Friday rejected a bid to delay a prison sentence for longtime Trump ally Steve Bannon as he appeals his conviction for defying a subpoena in the congressional investigation into the U.S. Capitol insurrection.
A Michigan appeals court revived a lawsuit against Detroit-area paramedics after a woman who had been declared dead gasped for air with her eyes open when a body bag was unzipped at a funeral home.
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
Hot on the heels of the Conservatives' stunning byelection victory in the riding of Toronto—St. Paul's, new seat projection data from Nanos Research show ridings considered previously safe for the Liberals are increasingly up for grabs.
The Canadian Armed Forces was following "legal orders" when it tried to rescue a group of Afghan Sikhs during the fall of Kabul three years ago, Chief of Defence Staff Gen. Wayne Eyre said.
If you could make sunscreen with items found in your kitchen pantry, should you do it? Posts from social media influencers and bloggers including recipes to make your own sunscreen have been wildly circulated online, but the dermatologists who spoke to CTVNews.ca call it a 'horrible idea.'
If you are clogging your clock app with multiple morning alarms, you’re setting yourself up for a groggy morning, experts say.
CHEO has announced that Alex Munter is stepping down as the president and CEO of eastern Ontario's children's hospital to take on a new role as the CEO of the Canadian Medical Association.
Called 2024 MK, the space rock will make its closest approach to Earth Saturday morning, passing by at about three-quarters the distance from Earth to the moon. It was first spotted two weeks ago by a South African observatory and is about 393 feet to 853 feet (120 metres to 260 metres) wide.
Has your iPhone screen cracked, or does your MacBook battery not charge like it used to? Instead of sending it in to an Apple repair centre or scheduling an appointment with a Genius Bar, Canadians will soon be able to fix their own devices at home.
White-nose syndrome has been found in bats in the largest known hibernation area in the province.
While the Nicole Kidman-Zac Efron pairing should provoke curiosity, the tired beats of this romantic (and only occasional) comedy don’t rub together well enough to generate many sparks.
Eagles singer Don Henley filed a lawsuit in New York on Friday seeking the return of his handwritten notes and song lyrics from the band's hit 'Hotel California' album.
As well as being loved for his music, Elton John is known around the world for his unique sense of style. Now, the rock star is giving his fans the chance to own some of his eye-catching outfits.
Nike will roll out new US$100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back on track.
Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
A Metro-Vancouver-based coffee chain has been fined thousands of dollars for failing to present and follow a recycling plan.
Marriage might be the oldest institution in the world, but it's struggling to adapt to the pressures of modern life. Registered psychologist Adisa Azubuike explains why it's more difficult today.
Wells Fargo analyst Zachary Fadem went out to Chipotle to do some investigative work. Fadem and his team ordered and weighed 75 burrito bowls with white rice, black beans, chicken, pico de gallo, cheese and lettuce across eight Chipotle locations in New York City.
For all the time I spend digging, planting, pulling and weeding, one would think I’d have some poison ivy horror stories to tell, but I do not. I can’t say for sure whether I’m immune to the rash that tortures so many of my fellow gardeners or if I’ve just been lucky, but one thing is for sure: The plant does pose a serious problem for many who come into contact with it.
The 2024 NHL Entry Draft starts at 7 p.m. EST on Friday night and runs for two days from Sphere in Las Vegas.
Right boot, left boot; left laces, right laces; right foot first on the pitch. For Slovakia's Lukas Haraslin - like countless other sportspeople - the order of this pre-match routine will be sacrosanct ahead of his side's last-16 Euro 2024 clash with England on Sunday.
The next round in Newport is on Frank Bensel — and make it a double. The 56-year-old club pro from New York made back-to-back holes-in-one at the U.S. Senior Open on Friday — a first in the 1,001-tournament history of the USGA and believed to be the only time it's happened on any major golf tour.
It used to be cash was king and that you could get a better deal if you paid for a car in full, but now many dealers want you to finance your purchase so they can make more money.
Several stolen vehicles believed to have been used in organized and serious crime, including one homicide, have been found in Alberta during an investigation into an auto theft ring.
Data from Statistics Canada suggests that a vehicle is stolen every five minutes in the country. Now, police are investigating whether there's a connection between when and where a vehicle was last serviced, and the date it was stolen, they revealed to CTV National News.
A grandfather and grandson duo proudly graduated alongside each other at the same northern Manitoba school.
A large basking shark was captured close to the shoreline on Nova Scotia's Eastern Shore.
The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
The Winnipeg Art Gallery- Qaumajuq recently discovered that one piece in its collection is a fake and part of a massive art forgery ring that included more than 1,500 pieces.
Six-year-old Bruce Arthur Chang is the new grand champion of Canada in the UCMAS math competition, and says he is hoping to make a mark on the international stage.
Harold Brenton Anderson, who wore high heels for decades in Halifax and loved to travel, has died.
An Ottawa cat has morphed into a TikTok star, as he's slimming down from weighing 43 pounds.
Bill Neald is still living out his passion of playing baseball at the age of 90 in Regina’s Senior Mixed Slo-Pitch League.
Workers discovered human remains at recycling facility in New Westminster, B.C., on Thursday, CTV News has learned.
Mounties in northern British Columbia say an as-yet-unidentified drug trafficker could face serious consequences after a 16-year-old girl overdosed on fentanyl this week and remains in hospital in serious condition.
A vaccine-fearing father has been ordered not to discuss the HPV vaccine – or even the human papillomavirus itself – with his children after losing a battle against their mother in B.C. Supreme Court.
The non-profit group which runs Toronto's oldest operating movie theatre says it is seeking a court injunction after their landlord refused to renew a lease set to expire next week.
Billionaire businessman Frank Stronach stands charged with sexually assaulting seven additional complainants from 1977 to as recently as February, court documents filed Friday show, bringing the total number of accusers in his case to 10.
The Ontario government says it is cracking down on fraudulent tow truck drivers with a new certification requirement it calls a first among Canada's provinces.
Authorities are working to try and find whoever lit a tree on fire in Lake Louise.
Calgary police say charges have been laid against seven people, all believed to be street-level drug traffickers, following a sting on "hot spot locations" in the city's downtown core and on transit.
A Drumheller man faces multiple charges in relation to a Wednesday incident where he is alleged to have impersonated a police officer.
Ontario Premier Doug Ford has removed Carleton MPP Goldie Ghamari as a member of the Progressive Conservative caucus due to "serious lapses in judgement."
CTV News Ottawa looks at things to do in Ottawa during the Canada Day long weekend.
The Ottawa Police Service is asking the public for help in identifying a suspect after allegedly stealing products from a store in Ottawa's west-end on June 21.
Montreal's Jewish General Hospital finds itself at the heart of a class action lawsuit for sexual abuse allegedly committed against children by two former social workers employed by its Child Psychiatry Department, Gino Londei and Steve Trowbridge.
The Montreal metro's special constables are warning of a major hike in crime on the city's underground public transport system, and with summer festivals and tourism spiking, they feel it's only likely to get worse.
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
Edmonton police are looking for a convicted sexual offender who has not checked in with his supervisor.
Police say charges are pending after a boy was killed and his mother and sister were injured in a crash in south Edmonton on Thursday.
A man convicted in a 2019 death in Parkland County has had his appeal denied.
The Fredericton Police Force has laid three charges against a Fredericton man in connection with an alleged assault in a public parking lot on Wednesday.
A 75-year-old man from Scotch Village, N.S., is facing multiple impaired driving offences in connection to a three-vehicle collision in Mount Uniacke that hospitalized five people on Thursday.
The New Brunswick government says it won’t be creating what it calls a “second” public inquiry into what led to several multi-million dollar contracts for travel nurses.
Not a day goes by when Scott and Amanda Cadman don’t think about their son Kirk.
The inquest into the death of a Winnipeg man who was fatally shot by police determined that the officer had “no viable options” after failed attempts to use a Taser.
A $586-million plan to widen and improve a section of Route 90 has cleared a hurdle at city hall, though it still remains unclear how the upgrades will be paid for.
An 80-year-old Moose Jaw man who was reported missing earlier this week has been found dead.
Tornado watches have been issued for parts of southeastern Saskatchewan on Friday.
After 26 years with CTV Regina, Nelson Bird is ready for a new challenge.
Drama is usually reserved for the Stratford Festival stage, but on Thursday night, it played out at Stratford City Hall.
The countdown is on to Canada Day! Here’s a quick look at the celebrations happening in your neighbourhood.
A man, previously found guilty of first-degree murder in connection to a 2014 death in Kitchener, has pleaded guilty to a lesser charge.
The Saskatoon Fire Department is investigating the cause of a house explosion Thursday night.
The Saskatchewan and federal governments have announced joint funding of $327 million for infrastructure projects.
An 80-year-old Moose Jaw man who was reported missing earlier this week has been found dead.
A sitting Liberal MP has written to the federal caucus to say he thinks Prime Minister Justin Trudeau should resign. 'For the future of our party and for the good of our country we need new leadership and a new direction,' said New Brunswick MP Wayne Long in the brief note.
The northeast’s only remaining supervised consumption site, Safe Health Site Timmins, is shutting down its safe consumption services at the end of the month.
Anyone travelling along Highway 64 near Lavigne, Ont., should be on the lookout for bison crossing the road.
Western University says its patience is wearing thin. It also says it’s exploring options to shut down a pro-Palestinian protest on campus. In its latest message to the community, Western says it’s grappling with concerning and illegal behaviours.
A London man is in custody in relation to several investigations over the past two weeks.
No injuries are reported after a car crashed into the front of a store in London on Friday morning. Police and fire responded to the Pet Valu store in the area of Commissioners Road and Wellington Road around 9:45 a.m.
A Notice to Terminate posted on the front door of a downtown Barrie establishment shortly after its closure states the owner owes thousands in rent and utilities, but the owner argues he paid for more than his fair share before closing up shop.
Starting Tuesday, Bayview Drive will be closed to through traffic from Little Avenue to Big Bay Point Road.
The woman who nearly died in a crash involving an impaired driver on Highway 26 in Springwater in 2022 gave an emotional victim impact statement on Friday.
The Canada Border Service Agency (CBSA) is warning of longer than normal wait times for traffic coming into Canada.
Canada Border Services Agency officers seized three guns from a traveller at the Windsor-Detroit Tunnel.
Two suspects have been arrested by Windsor Police after a brand new vehicle was stolen from a factory lot on Thursday afternoon.
Mounties in northern British Columbia say an as-yet-unidentified drug trafficker could face serious consequences after a 16-year-old girl overdosed on fentanyl this week and remains in hospital in serious condition.
Nearly a decade behind schedule, the Canadian military’s long-promised naval refuelling station in the High Arctic could open as early as this summer, albeit with restrictions on the facility's operations and serious questions about its long-term viability.
A man has been charged with second-degree murder in the killing of 30-year-old Tori Dunn, homicide investigators say.
Mounties in Kelowna say a suspect is at large after a man was stabbed in the city Sunday afternoon.
Police are remaining tight-lipped about a woman’s death in a Kelowna park on Friday.
Police have identified a man found dead in B.C.’s Interior last weekend as Donald “Donnie” Lyons.
The 122-year-old Raymond Stampede is set to get underway this weekend, but this year’s event will occur at a new location.
A picture of rage and determination among COVID-19 protesters at the border blockade at Coutts, Alta., was spelled out in text messages shown Thursday at a murder-conspiracy trial.
Dozens of farmers from across southern Alberta turned out Wednesday for Farming Smarter’s annual 2024 field school.
The Northern Ontario Music and Film Awards have returned for the first time in four years to celebrate arts in the region.
A wanted suspect who tried to flee police in Sault Ste. Ste Marie on Thursday has been charged with numerous offences after police seized a large cache of drugs.
Two hunters from northwestern Ontario have been fined a total of $9,500 in connection with a deer hunt two years ago.
A judge dismissed all sexual misconduct charges against a Newfoundland lawyer Thursday, saying repeated inconsistencies and falsehoods in the complainant's accounts eroded her credibility and left him unable to believe her allegations.
With rain coming down in central Labrador and temperatures dropping, the wildfire near Churchill Falls has been downgraded, although fire officials say there's still work to be done to keep the flames at bay.
The wildfire that forced the evacuation of Churchill Falls remains three kilometres from the community as the premier of Newfoundland and Labrador signalled cautious optimism.
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