18:45:38 EDT Sun 28 Apr 2024
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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,774,766,030
Close 2024-02-02 C$ 81.10
Market Cap C$ 143,933,525,033
Recent Sedar Documents

Globe says equality gaps persist among Big Six banks

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

See In the News (C-RY) Royal Bank of Canada

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.

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