Women held 19 per cent of board seats in 2019, up from 18 per cent in 2018: StatCan
Statistics Canada says women made up about 19 per cent of corporate board seats in 2019, an increase from about 18 per cent from the year before even though the total number of board seats fell.
The data agency says the share of women on boards has increased at an average annual rate of 2.5 per cent every year since 2016.
The dataset it based its observations on contains information from 7,165 corporations, a decrease from the 8,697 businesses who contributed numbers in 2018.
The number of women on boards actually decreased 10.6 per cent but the decrease in total number of directors was even steeper at 14.4 per cent.
More than 4,300 women occupied board seats in 2019, down 10.6 per cent from 4,848 a year earlier. However, the decrease in total board seats was even greater at 14.4 per cent to 22,605 from 26,416 in 2018.
The data comes after years of advocates bemoaning the lack of women on boards and in executive positions and noting that the increases in representation women have seen are coming too slowly.
This report by The Canadian Press was first published May 18, 2022.
MORE Business News
The Canada Day long weekend saw gas prices plummet in parts of the country, but the relief at the pumps may not stay for very long, analysts say. The decreases come after crude oil prices slid in June following the U.S. Federal Reserve's interest rate hikes, sparking fears of a recession.
As stocks continue to slump, it can be easy to let your emotions take over if you've got money invested in the market. But experts agree that there's no need to panic if you're invested in the right type of portfolio with the right level of risk.
With increasing rent prices likely to be the reality for many Canadian tenants, some may be wondering how to navigate rising costs, or whether any course of action can be taken, if any. Legal experts across the country share their advice on how to handle a rent hike.
New federal regulations to force down the greenhouse gas emissions from gasoline and diesel will cost Canadians up to 13 cents more per litre at the pump by 2030.
With inflation reaching a 40-year high, many Canadians have been left in a state of worry. Not only about the rising prices of consumer goods, but whether or not they should continue to save money. It’s not such a simple question, and it depends greatly on your circumstances, contributor Christopher Liew explains in an exclusive column for CTVNews.ca.
As inflation rates soar to the highest they've been in Canada in nearly forty years, nearly half of Canadians say that right now, they're doing worse financially than they were at this time last year.
As Canada’s inflation soars, two ‘extreme couponers’ offer their advice on how to save at the grocery store.
With Statistics Canada reporting a 9.7 per cent increase in food costs over the last year, Canadians are being pushed to find ways to pinch pennies at the grocery stores. Here are some ways to save.