Bank of Canada staff received $26.7 million in bonuses and raises in 2022
BNN Bloomberg
Bank of Canada staff received $26.7 million in bonuses and raises in 2022.
According to documents released through access to information requests and published by the Canadian Taxpayers Federation, employees at Canada's central bank received $20.2 million in bonuses and $6.5 million in raises in 2022, a 13 per cent increase over 2021. More than 80 per cent of staff received a bonus or raise in 2022 at a time when the Bank of Canada sought to discourage consumer spending through interest rate hikes.
"Central bankers shouldn’t get bonuses when Canadians can’t afford groceries, gasoline or homes," Canadian Taxpayers Federation director Franco Terrazzano told CTVNews.ca. "With inflation reaching a 40-year high, central bankers didn't deserve bonuses."
The Bank of Canada bonuses work out to an average of over $11,000 per person, and an average raise of over $3,400 each.
