Canada Bank Bonus Pool Rises at Slowest Pace in Six Years

The video discusses the trends in bonus allocations by major banks, highlighting a decrease in bonuses despite strong earnings. It features insights from industry experts on the reasons behind this trend, including restructuring and future investment strategies. The discussion also covers the impact on talent and market dynamics, with a focus on the differences between Canadian and US compensation practices. Additionally, the video touches on Scotiabank's sale of Hollis Wealth to Industrial Alliance, emphasizing strategic fit and market expansion.

How do Canadian banks' compensation trends compare to those in the US according to the discussion?

What was the total amount set aside for variable pay by the banks collectively?

What acquisition did Scotiabank recently undertake, and what was the rationale behind it?