François-Philippe Champagne overruled a decision by an independent panel tasked with determining how much Pierre Lavallée should be paid. The effect of the minister’s intervention isn’t known—the government claims it is a cabinet confidence—but Lavallée’s maximum compensation was set at $1.5 million in year one, rising to $2.8 million in year five. The news came a few hours after Conservative leader Andrew Scheer called the bank a “boondoggle in waiting,” as part of a speech about cutting federal spending. (Globe and Mail, CBC)
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