Bank of Canada gave employees $45 million in raises, bonuses despite failing to hit inflation target
TPM: 'The Bank of Canada's mandate states that its job is, among other things, to keep inflation around the 2 percent mark. Since 2020, however, the price of everything has skyrocketed, leaving Canadians struggling. Nonetheless, the Bank of Canada congratulated itself on a job well done, handing out $45 million in pay raises and bonuses to its employees in 2020 and 2021.'
Rewarding failure is what our elites do best.