Pros
Average base salary and decent bonus. 20 days of paid vacation.
Cons
I can only speak of Capital Markets Technology. In general, technical talents are not at all respected here as your ultimate goal is to serve traders who treat you like some inferior species . Thus the engineering culture is pretty non-existent just like most other banks in Toronto. The technologies are years behind: SVN, Visual Basic, JDK < 1.8, Windows 7 and IE are still quite active in many teams. Devs have very limited access to resources and the internal access control is unnecessarily strict. Codebase is mediocre and sometimes bizarre if written by offshore contractors. You won't be seeing a lot of smart people who are passionate about technologies and are willing to spend their spare time learning the latest technologies and best engineering practices here.