New study finds less than 1% of Canadian corporate leaders are Black
A study to be released next month by Ryerson University’s Diversity Institute analyzed the diversity of companies in Vancouver, Montreal, Calgary and Toronto in 2019. Of 1,639 board members from 178 corporations, the study found just 13 Black board members (0.79 per cent), while white members held 1,483 spots (91 per cent), and other racialized members held 61 spots (the institute was unable to classify some members). To put that in context, almost a 10th of Toronto is Black, and Black people make up 3.5 per cent of Canada’s population, according to the most recent census.
Helping Black Canadians Break Into Financial Services
Even after they get into university and pursue a finance- or economics-oriented course, Black students can find it hard to get recruited into the industry.Read more