Canadian Economic News Quiz
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Questions and Answers

What type of compensation program do senior public servants in Canada earn?

  • Two-part compensation program (correct)
  • Variable salary based on inflation
  • Performance pay only
  • Base salary only

    • What does 'performance pay' consist of in the context of the article?

  • Fixed amount that is guaranteed every year
  • Additional tax incentives
  • Government subsidies for executives
  • Variable amount that must be re-earned each year (correct)

    • What was the total amount of bonuses handed out to nearly all of the Bank of Canada’s top executives in 2022?

  • $2.5 million
  • $3.5 million (correct)
  • $5.5 million
  • $4.5 million

    • Who did not receive the $3.5 million in bonuses at the Bank of Canada?

    <p>The governor and senior deputy governor</p> Signup and view all the answers

    What is the purpose of the 'PMP' (performance management program) mentioned in the article?

    <p>To recognize and reward excellent performance</p> Signup and view all the answers

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