Amid mounting pressure from both the public and private sectors for an action plan that provides affordable childcare for Canadian working parents, on Monday, the federal government unveiled its 2021 budget proposal for a national community-based childcare system. Once partisan policy, many business and union leaders have been aligned on the issue of affordable childcare in […]
The head of the Bank of Nova Scotia is urging Ottawa to top up the annual Canada Child Benefit and increase childcare expense deductions, ahead of the federal budget announcement slated for April 19. During the bank’s annual general meeting on April 13, Brian Porter, chief executive officer of Scotiabank, said he wants the benefit […]
The federal government should embrace “aggressive incrementalism” on their promised path toward a national childcare system and quickly build on what’s already there rather than push wholesale change, according to a new report by the C.D. Howe Institute. The report suggests that trying to revamp how childcare is delivered in Canada by moving responsibility to […]
Canadian working mothers are reporting increased mental-health concerns one year into the coronavirus pandemic, according to a new survey by The Prosperity Project and CIBC. The survey found more than half of working mothers felt stressed, while 47 per cent felt anxious and 43 per cent felt depressed. Working mothers worried about their children’s safety […]
Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male counterparts, according to a Mercer Canada retirement readiness report. The report found women enter retirement with lower retirement savings than men and they also must work longer to achieve retirement […]
The Liberal Party is considering a major spend to build a national childcare system as an economic measure to help more women return to the workforce. The idea has garnered backing from business groups and was recommended by the House of Commons finance committee in its pre-budget report. Employment among women remains about 5.3 per […]
Women in Canada have long been walking a tightrope as they try to meet work with family responsibilities, but the ongoing coronavirus pandemic has seen some working women opting to walk away from trying to continually balance professional and personal obligations. According to a Royal Bank of Canada report in April 2020, women’s participation in […]