Olivia Chow is Officially The Mayor of Toronto
Libby Znaimer today is joined by Alex Blumenstein, Co-Founder of The Peak which is now part of the ZoomerMedia family, David Crombie, Former Mayor of Toronto,\xa0 Karen Stintz, CEO, Variety Village and a former Toronto City Councillor and mayoral candidate.\n\nIt's official: Olivia Chow is now the mayor of Toronto after being sworn in at City Hall yesterday in a ceremony that featured Indigenous drumming and other artistic and cultural elements. So, now that it's time to get to work, what are her official priorities?\n----\nBANK OF CANADA HANDED OUT $20 MILLION IN BONUSES LAST YEAR\n\nLibby Znaimer today is now joined by Franco Terrazzano, Federal Director of the Canadian Taxpayers Federation.\n\nThrough an FOI request, Franco found out that the Bank of Canada handed over $20 million in bonuses to its staff in 2022 despite the fact that inflation reached a forty year high. The average bonus amount was $11,200 and 80 per cent of staff got one. This all happened as the interest rate went up numerous times! How much sense does that make? Franco weighs from the taxpayer perspective.\n----\nBANK OF CANADA INTEREST RATE GOES UP AGAIN\n\nLibby Znaimer is joined by Barry Choi, Personal Finance Expert.\n\nThe Bank of Canada has increased the interest rate again this week bringing the overnight rate to 5 per cent which is the highest it has been since 2001. So, what kind of impact will this have on your investments? Barry weighs in.\n\nListen live, weekdays from noon to 1, on Zoomer Radio!