In addition to being Canada’s largest city, Toronto is home to the Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and the Canadian Imperial Bank of Commerce, otherwise known as The Big Five. Media and communications, in addition to manufacturing and distribution, also play a large role in Toronto’s economy.
Methodology for The PayScale Index: Trends in Compensation
The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the Canada. The PayScale Index uses 2006 average total cash compensation as a baseline.