Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Is an all-weather portfolio the answer to the shortage of “safe” investments? Jan 25th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
The best credit cards for airport lounge access in Canada for 2023 Nov 4th
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The best credit cards for airport lounge access in Canada for 2023
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Are ETFs a good investment for an all-weather portfolio? Dec 16th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
The best Visa credit cards in Canada for 2024 Nov 7th
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The best 5-year fixed mortgage rates in Canada Jun 8th
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The best 5-year fixed mortgage rates in Canada
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Why do we rely on UK to disclose Canada’s pay inequity?
– macleans.ca
We have recent British legislation to thank for providing a glimpse into the grim reality that Canadian banks operating across the pond have a big gendered wage gap. UK data, compiled this week by Bloomberg News, summons more evidence, as if more is required, that transparency, both legislatively and in conversation, is required if we’re ever going to bring an end to entrenched gendered wage inequity.
British legislation enacted earlier this year requires public, private and voluntary sector firms with over 250 employees to disclose average pay for men and women, including any bonuses. Already, the disclosures have summoned outraged headlines—and have caused high-profile women to quit their jobs in fury. Now the klieg light cast on Canadian banks is equally illuminating.
READ: Why do men make more money than women?
Scotiabank, Canada’s third-biggest lender, pays women 44 per cent less than men on average in its UK operation, a gap that widens to 72 per cent when it comes to discretionary bonuses…
British legislation enacted earlier this year requires public, private and voluntary sector firms with over 250 employees to disclose average pay for men and women, including any bonuses. Already, the disclosures have summoned outraged headlines—and have caused high-profile women to quit their jobs in fury. Now the klieg light cast on Canadian banks is equally illuminating.
READ: Why do men make more money than women?
Scotiabank, Canada’s third-biggest lender, pays women 44 per cent less than men on average in its UK operation, a gap that widens to 72 per cent when it comes to discretionary bonuses…
