US EditionBank of Canada, Crown corporations set to align with Liberal cost-cutting plans
CANADA, JUL 17 – The Bank of Canada and federal Crown corporations will reduce operational spending by 15% over three years to support the Liberal government's broader cost-cutting plan.
- The Bank of Canada and other federal Crown corporations are set to cut budgets as part of the Liberal government's cost-saving efforts over the next three years.
- A spokesperson for the Bank of Canada confirmed plans to 'align' with the Liberal government's goal of a 15 percent cut in operational spending.
- An internal email revealed that Bank of Canada staff were informed about the central bank's cost-trimming plans.
- Prime Minister Mark Carney has stated that he aims to 'spend less' and 'invest more' ahead of the upcoming budget.
19 Articles
19 Articles
The interim leader of the NDP, Don Davies, called on the Liberals on Thursday to cancel the planned cuts.
The Bank of Canada and most other federal Crown corporations will seek to reduce their budgets, along with a broader government effort to reduce costs.
Bank of Canada, Crown corporations set to align with Liberal cost-cutting plans
OTTAWA — The Bank of Canada and most other federal Crown corporations will be looking to trim their budgets alongside a wider government effort to cut costs. A spokesperson for the Bank of Canada confirms the central bank will “align” with the Liberal government’s plans to carve out savings of 15 per cent in departments’ […]
Ottawa’s Cost-Cutting Drive: What Could Be on the Chopping Block?
News Analysis Ottawa is embarking on a cost-cutting exercise amid ramped-up defence spending and mounting debt, and the talk of town is which sectors could potentially be trimmed down. The Liberals won the election on a pledge to rebuild the armed forces while at the same time not cutting social programs, and they are now trying to find efficiencies along those lines. Finance Minister François-Philippe Champagne recently sent letters to cabinet …
OTTAWA—The Bank of Canada and most other federal Crown corporations will seek to reduce their budgets, along with a broader government effort to reduce costs. A spokesman for the Bank of Canada confirmed in a statement that the central bank "will align with the spirit and objectives" of the Liberal government's cost reduction plans. The Bank of Canada is a Crown corporation responsible for monetary policy in Canada, but operates independently an…
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