Bank of Canada still needs to address gender imbalance - internal report

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The Bank of Canada is still suffering from a lopsided gender ratio despite its publicly stated “commitment to diversity”, according to an internal report acquired through access-to-information laws.
In a Reuters story published by The Globe and Mail, the document showed that women formed between 19 and 37 per cent of the BoC’s hires in 2014, with the lowest percentage in the career stream that had a master’s degree as a prerequisite.
In the Bank’s “senior professionals” category, women accounted only for 26 per cent of the 110 staff in this segment as of 2015, the report revealed. Meanwhile, 9 out of the 23 existing executive leadership positions in the BoC are filled by women.
“It is certainly not an unusual scenario that the bank’s talent pipeline of women narrows at more senior career levels,” according to the document, adding that more can still be done to improve gender balance at all levels.
The internal report was created right after Prime Minister Justin Trudeau’s appointment of Canada’s first gender-equal cabinet last year. Currently, the cabinet has more women than men after a male minister stepped down last May.
The BoC’s situation stands in sharp contrast to recent figures from the Treasury Board of Canada Secretariat, which showed that women comprised approximately 55 per cent of the country’s 257,034 civil servants.

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