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Staff Scotiabank president and CEO Brian Porter earned $12.2 million in total compensation last year, according to the bank’s proxy circular. In addition to a base salary of $1.3 million, Porter received variable pay comprising $5.1 million in performance share units, $2.1 million in cash and $1.3 million in stock options. Porter’s total direct compensation (fixed plus variable pay) of $9.9 million compared to $10.6 million in 2019. His target for total direct compensation in 2020 was $11.2 million, including $9.9 million in variable compensation. While Porter’s performance was describe...

By Dan Rees The COVID-19 pandemic over the past 10 months has brought into sharp relief issues that have hindered Canada’s economic competitiveness and left some communities at a disadvantage in trying to achieve their full potential. For Canada to prosper in a rapidly changing world, we must ensure everyone has the opportunity to contribute. One important way to achieve that goal is by ensuring the seamless integration of new Canadians and creating conditions that allow them to participate fully in the economy. Governments at all levels have a role to play, and so do businesses, includin...

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Hello, The U.S. House of Representatives is voting later today on whether to impeach President Donald Trump for a second time, for his role in inciting a mob to violently storm the Capitol buildings. The result of the vote is almost assured, as Democrats, who hold the majority of seats, are voting yes. Some Republicans will join...

TORONTO - Bank of Nova Scotia will spend $500 million over the next decade on a new program that aim...

TORONTO - Bank of Nova Scotia will spend $500 million over the next decade on a new program that aims to break down barriers to higher education and career