Author Topic: Trudeau government deposited $26 million into wrong bank accounts last year  (Read 147 times)

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Trudeau government deposited $26 million into wrong bank accounts last year
By Jonathan Bradley -
December 20, 2021
Quote
The Canadian government sent almost $26 million to the wrong bank accounts last year, and more than $10 million of it may be gone forever, according to CBC News.

Figures tabled in the House of Commons show the Canadian government sent 22,170 direct deposits to the wrong bank accounts between April 1, 2020 and March 31, 2021. This compares to 9,619 payments worth a total of $6.6 million sent to wrong accounts in the previous fiscal year. 

The number of incorrect deposits reported during the 2020-2021 fiscal year is the highest since 2012. The $25.9 million is the second-largest annual amount of misdirected cash reported since 2009.

The government blames the pandemic and COVID-19 support programs for losing track of the money.  ...

Since the pandemic began, the Trudeau government has spent more than $380 billion.

As a result of the government’s copious spending, Canada’s inflation rate spiked to a 18-year high of 4.7% in October. The high rate is the most inflation the country has seen since February 2003.  ...
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