#106 You Get Inflation, Central Bankers Get Bonuses

Episode 106 August 10, 2022 00:22:34
#106 You Get Inflation, Central Bankers Get Bonuses
Canadian Taxpayers Podcast
#106 You Get Inflation, Central Bankers Get Bonuses

Aug 10 2022 | 00:22:34

/

Show Notes

You get inflation, central bankers get bonuses


The Bank of Canada gave its employees $45 million in bonuses and pay raises in 2020 and 2021 during the pandemic while inflation soared. The Bank of Canada is supposed to keep inflation around two per cent. If you’ve been to the grocery store in the past year you know they failed. So why did they give themselves bonuses?


READ NEWS ARTICLES HERE:

https://torontosun.com/opinion/columnists/terrazzano-bank-of-canada-doesnt-deserve-its-
bonuses-and-pay-raises/wcm/e1e09f1b-4f7d-4ce3-a288-13c9bb0838bb/amp/?fbclid=IwAR0eGUeJhBsJegvgjOX2RiG7a8YC7FHsJt8ZfRv8KpycLJrd5iwRG
MaeC0c


https://financialpost.com/opinion/franco-terrazzano-governments-have-created-the-perfect-inflation-storm


https://torontosun.com/opinion/columnists/terrazzano-deficit-spending-and-inflation-tax-
drive-up-cost-of-living


Nova Scotia’s premier takes a pay cut


Nova Scotia Premier Tim Houston’s salary was cut by $11,246 while MLAs froze their salaries. Members of Parliament in Ottawa need to follow Houston’s lead and stop giving themselves pay raises.


READ OUR REPORT HERE:
https://www.taxpayer.com/newsroom/houston-shows-leadership-by-cutting-his-own-salary

 

Charlottetown council billing taxpayers for boozy dinner


Charlottetown Mayor Philip Brown and fellow councillors expensed $1,800 on a boozy steak
dinner that included four bottles of wine, 11 beers, 20 ounces of liquor and three cocktails. We also caught councillors double dipping on their expenses.


READ OUR REPORT HERE:

https://www.taxpayer.com/newsroom/documents-show-charlottetown-employee’s-high-
spending-on-meals-and-luxury-hotels

 

Other Episodes

Episode 76

June 10, 2021 00:39:30
Episode Cover

#72 Tax Freedom Day, Life After COVID, Rideau Hall Delays Bring High Cost

News at the Top – Government is Broke/Tax Freedom Day Governments across Canada are facing an impending debt crunch and families are facing steep...

Listen

Episode 71

May 12, 2021 00:26:21
Episode Cover

#67 University Bailouts, Internet Censorship Legislation, Doug Ford Goes Hollywood North

News at the Top – University Bailouts Ontario’s Laurentian University came out and said it was about to become insolvent. Now, the province is...

Listen

Episode 136

February 13, 2024 00:28:29
Episode Cover

#136 Bonuses, bureaucratic boondoggles & hotel bills

Costs for the ArriveCAN app spiralled out of control to $54 million. Despite their failure,government executives working on the app still took more than...

Listen