The Bank of Canada will fire 225 staff to help meet a 15 per cent budget cut as Mark Carney slashes public services funding and prepares the country for more trade turmoil with the US.
On Wednesday a Bank of Canada spokesperson confirmed the reduction “in all departments” of the central bank as part of a wider move to lay off 16,000 public sector workers over the next three years.
“After starting with vacancies, attrition and voluntary retirements, we expect to reduce staffing levels further by about 225 positions by June of next year,” the spokesperson said.
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