A federal bank paid its employees about $104 million in bonuses and raises during the pandemic in 2020 and 2021, according to the Canadian Taxpayers Federation (CTF).
The Business Development Bank of Canada (BDC) issued a total of $93 million in bonuses to its employees over the two-year period, according to documents obtained by CTF through Access to Information requests.
CTF said in a Jan. 30 statement that the documents also showed that BDC gave its employees a total of $11 million in pay raises during the pandemic years without issuing any pay cuts.
BDC issued the pay increases despite reporting a net loss of $218 million in 2020, according to Blacklock’s Reporter….