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Bank technical issues causes delay in payments for teachers: Newfound

The Newfoundland and Labrador government is advising teachers and other individuals receiving wages or income support from the province that payments may be delayed.

In a statement, treasury board secretariat Chrysta Collins says the delays are being caused by technical issues being experienced by various banking institutions.

Collins says the province is continuing to work with its bank, the Canadian Imperial Bank of Commerce, to resolve the matter as soon as possible.

CIBC did not immediately provide comment.

Collins says the government has been advised that most recipients should receive payments throughout the day as the banks resolve the matter.

A spokesperson for the Toronto District School Board confirmed in an email to The Canadian Press that the board had also experienced a delay in processing salary payments, but said it was still looking into how widespread the issue was and if it had been rectified.

This report by The Canadian Press was first published October, 1, 2020.

Companies in this story: (TSX: CM)

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