By Canadian Taxpayers Federation -- Franco Terrazzano, Federal Director, CTF—— Bio and Archives--July 13, 2023
Bank of Canada bureaucrats got $20 million in bonuses in 2022 while the Crown corporation hiked interest rates seven times and inflation reached a 40-year high.
“Bonuses are for people who do a good job, not people who fail at their one and only job,” Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation, said. “Most organizations don’t shower employees with bonuses when they have their worst year in four decades.”
The average bonus among staff was $11,200, with 80 per cent of the workforce receiving one, according to internal government records obtained by the CTF through a series of access-to-information requests.
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