Bank of Canada to Cut 10% of Staff as Carney Hunts for Savings

BloombergWednesday, November 5, 2025 at 6:10:04 PM
Bank of Canada to Cut 10% of Staff as Carney Hunts for Savings

Bank of Canada to Cut 10% of Staff as Carney Hunts for Savings

The Bank of Canada is set to cut approximately 10% of its workforce, which translates to hundreds of jobs, as part of Prime Minister Mark Carney's initiative to reduce government expenses. This move raises concerns about the impact on employees and the broader economy, highlighting the challenges faced by public institutions in managing budgets while maintaining essential services.
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