Skip to content
Subscriber Only

RBC and TD CEOs Give Staff an Extra Day Off to Avoid Burnout

  • TD’s Masrani acknowledges toll Covid-19 has taken on staff
  • RBC’s McKay extols benefits of reading, guitar-playing in memo
RBC chief executive Dave McKay
RBC chief executive Dave McKayPhotographer: Cole Burston/Bloomberg
Updated on

Royal Bank of Canada and Toronto-Dominion Bank are giving employees an extra paid day off this year, as a lengthy pandemic shows signs of worsening in Canada.

RBC Chief Executive Officer Dave McKay acknowledged that staff are more exhausted now than at any time during the Covid-19 pandemic. The bank needs to “eliminate the stigma associated with asking for time to focus, concentrate, and in some cases, log off and recharge,” McKay said in a companywide memo on Thursday.