By Canadian Taxpayers Federation Bank of Canada showers executives with $3.5 million in bonuses in 2022—— Bio and Archives--October 26, 2023
The Bank of Canada lavished millions of dollars in bonuses on its executives last year amid seven interest rate hikes and the worst inflation crisis in four decades, according to access-to-information records obtained by the Canadian Taxpayers Federation.
All but two of the central bank’s 82 executives (97.5 per cent) received an “at-risk pay” bonus. Twenty-five received a “performance pay” bonus.
The average bonus among Bank of Canada executives last year was $43,700, for a total cost of more than $3.5 million.
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By C Wells on 2023 10 27
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