Mar. 8, 2019

INTERNATIONAL WOMEN’S DAY – MARCH 8, 2019

  • International Women’s Day: Balance for Better Gender Diversity hosted by Stantec
    • We need to articulate competent vs non-competent not male vs female
    • Create more flexible schedules and review evaluation processes, including compensation
    • Caroline Saunders, British Consul General: we are stuck at a 30% ceiling on women in the C-suite.
      • When women are involved in peace negotiations, success is 50% more likely and peace lasts at least 15 years
      • Be your authentic self
      • Women ask for less money in wage negotiations
      • 5 years absence from the workforce reduces an individual’s pension by 30%
    • Kristina Williams, Hon. Consul of Sweden & CEO Alberta Enterprise Corporation
      • Swedish crown corporation boards are equally gender balanced
      • In Sweden, women’s salaries are 95% of a male’s income
      • Fathers’ are mandated to take parental leave which reduces the stigma
      • Sponsorship and mentorship are critical for development of future leaders
      • New initiative, visit www.womenonboards.ca for more information
    • Erin Davis, Stantec, Director Global Talent Engagement
      • Women make up less than 4% of CEO’s in TSX listed companies
      • 40% of Financial Post 500 companies have no women on their boards
      • More than 50% of TSX listed companies have no women on their boards
  • Small and Medium Enterprises and Women in Alberta represent 49.6% of the working age population and 46% of the labour force.
    • 12% are entirely owned by women; 14% have women with majority ownership; 30% are owned equally between male and female owners and13% have female owners with less than 50%.

CANADIAN LABOUR MARKET

  • Canada added 56,000 new jobs in February vs 1,200 expected (added 67,000 full time jobs and lost 11,000 part-time jobs).
    • Hourly earnings rose to 2.3% Y/Y
    • Unemployment rate remained at 5.8%
  • Alberta added 3,800 new jobs in February.
    • Unemployment rate 7.3% vs 6.8%
    • Edmonton lost 2,500 jobs; unemployment rate 7% vs 6.4% M/M
    • Calgary added 3,800 jobs; unemployment rate 7.6% vs 7.3% M/M
  • BC added 3,500 jobs; unemployment rate 4.5% vs 4.7% M/M.
  • Saskatchewan lost, 1,300 jobs; unemployment rate 5.8% vs 5.5% M/M
  • Ontario added 36,900 jobs; unemployment rate unchanged at 5.7%.
  • Quebec added 14,900 jobs; unemployment rate 5.3% vs 5.4%.

US LABOUR MARKET

  • US added 20,000 new jobs (worst since September 2017) vs 180,000 expected.
  • Unemployment rate 3.8% vs 4% M/M.
  • Hourly earnings up 3.4% Y/Y (highest since April 2009.