The Globe and Mail reports in its Saturday edition that a volatile year in Canadian banking resulted in several chief executive officers seeing significant increases in pay in 2024, but two top leaders getting major pay cuts. The Globe's Stefanie Marotta and David Milstead write that CEOs of Canada's six biggest banks earned a combined $74.5-million, up from just under $72-million in total compensation in 2023, according to their annual proxy circulars. The small increase -- about 3.6 per cent in the aggregate -- masked a wide range of pay increases and reductions. RBC boss Dave McKay, National Bank CEO Laurent Ferreira and CIBC CEO Victor Dodig received the biggest raises, ranging from 20 per cent to more than 60 per cent. Scotiabank's Scott Thomson saw a nearly 10-per-cent increase in total compensation in his first full year on the job. BMO's Darryl White saw his pay fall more than 12 per cent after the bank missed targets as it set aside more money for potential loan losses and dealt with higher costs as it integrated its U.S. acquisition, Bank of the West. TD's Bharat Masrani saw pay fall 88 per cent in his final year as CEO as the bank wrangled with its responsibility for regulatory failures in the United States.