Bank of Canada Paid Out Nearly $27 Million in Raises and Bonuses in 2022: Records

Bank of Canada Paid Out Nearly $27 Million in Raises and Bonuses in 2022: Records
The Bank of Canada building in Ottawa in a file photo. Sean Kilpatrick/The Canadian Press
Peter Wilson
Updated:
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The Bank of Canada (BoC) paid out almost $27 million in raises and bonuses in 2022, according to Access to Information records, despite admitting that it made poor inflation forecasts.

Records obtained by the Canadian Taxpayers Federation (CTF) showed that about half (49 percent) of the central bank’s workforce, or 1,095 employees, were paid over $100,000 last year, as first reported by Blacklock’s Reporter.