Skip to content
Back to Guavy Wire
Forex

Bank of Canada Defends Use of Replacement Workers Amid Strike Threats

Instruments
CAD
Share

The Bank of Canada's governor, Tiff Macklem, has defended the central bank's use of replacement workers during a strike involving security officers. The decision was made in response to acknowledged threats to the safety of people, facilities, and assets at the bank.

Last week, the Canada Industrial Relations Board ruled that the Bank of Canada had contravened the Canada Labour Code by using contractors from Pinkerton Consulting & Investigations during the strike.

Macklem stated in a letter to the president of the Canadian Labour Congress that the bank has never refused to comply with the orders of the board, citing exceptions to the rules that allow for the use of replacement workers in situations where there are threats to life, health or safety, or destruction or serious damage to property.

More on Forex

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc