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Canada’s Housing Crisis a Federal Fiasco as CMHC pay Themselves Big Bonuses
Canada is in the grip of a housing crisis, and the federal government, along with the Canada Mortgage and Housing Corporation (CMHC), is under scrutiny for its part in the debacle. With soaring home prices and dwindling affordability, many Canadians are finding themselves locked out of the housing market. Now,
Bank of Canada and CMHC Bonuses Total $145 Million for Just 3 Years
The CMHC joins the Bank of Canada by awarding bonus pay for underperformance. Canada Mortgage and Housing Corporation (CMHC) is Canada’s federal crown corporation responsible for administering the National Housing Act, with the mandate to improve housing living conditions in the country. The CMHC is “driven by one goal: housing
Tiff Macklem Awards Generous Bonuses While Canadians Struggle to Buy Groceries
In 1984 former Prime Minister Brian Mulroney described the excesses of Liberal patronage of the day, saying, “There’s no whore like an old whore.” Almost 40 years later, there is no better line to perfectly describe the infuriating and deplorable information that has come to light showing Bank of Canada
MP annual pay raise raises backlash
Member of Parliament (MPs) received their annual salary uptick on April 1st on the same conditions as previous. This year, however, is not a year like any other. The Canadian Taxpayer’s Federation (CTF) slammed MPs for failing to stop this annual pay raise during the economic downturn caused by the
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