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

 

The Bank of Canada is planning to eliminate hundreds of jobs, about 10% of its workforce, as part of Prime Minister Mark Carney’s bid to reduce government expenses.

About 225 employees at the central bank will be affected, according to a memo seen by Bloomberg News. The cuts will take place “over the next few months” and be completed by June, it said.

https://www.bloomberg.com/news/articles/2025-11-05/bank-of-canada-to-cut-10-of-staff-as-carney-hunts-for-savings