02:09:46 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,408,827,582
Close 2024-02-02 C$ 131.22
Market Cap C$ 184,866,355,310
Recent Sedar Documents

Globe says equality gaps persist among Big Six banks

2024-02-05 07:42 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)
Also In the News (C-NA) National Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Saturday edition that the Ministry of Labour and Employment and Social Development Canada released a database Friday that discloses 2021 data on employment and pay equity among women, indigenous peoples, persons with disabilities and racialized people across federally regulated industries. The Globe's Stefanie Marotta writes that Canada is the first country in the world to make this level of information publicly available, according to ESDC. "It's one thing to say that you have to be transparent and then just bury this information somewhere in your information circular," said Sarah Kaplan at the Institute for Gender and the Economy. "It's another thing to have it available on a dashboard in a searchable database where you can look up different companies and you can compare them against industry." Canada's big banks are some of the country's biggest employers. While many of the banks have employee acquisitions and development strategies to attract a diversity of talent, there are still gaps in representation in their work forces. In financial services, women earn 82 cents per hour on average for every dollar men make. Women make up 55 per cent of the financial services industry.

© 2024 Canjex Publishing Ltd. All rights reserved.