The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
I think people can read through these bio’s of the BoC board and understand regardless of whom put these people in power their income and asset composition is quite different from the average Canadian.
The Board is composed of the Governor, the Senior Deputy Governor and 12 independent directors appointed to three-year renewable terms by the Governor in Council (the Cabinet). The Deputy Minister of Finance is an ex officio non-voting member of the Board.
The Bank of Canada is independent of parliament (presumably what you mean by “government”).
I think people can read through these bio’s of the BoC board and understand regardless of whom put these people in power their income and asset composition is quite different from the average Canadian.
https://www.bankofcanada.ca/about/board-of-directors/
Cabinet of Canada
The dream team with pictures is anyone is into that type of thing: https://www.pm.gc.ca/en/cabinet