Canada’s $1-Trillion Investment Ambition Will Require Women’s Full Economic Participation — The Power Shift

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Postmedia has not reviewed the content. by Business Wire Canada's $1-Trillion Investment Ambition Will Require Women's Full Economic Participation -- The Power ShiftAuthor of the article:Last updated 26 minutes ago Business, investment and public policy leaders call for women’s economic participation to be treated as a core part of Canada’s growth strategyTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTORONTO — A group of 23 prominent Canadian business, investment, entrepreneurship and public policy leaders convened by The Power Shift are calling on Prime Minister Mark Carney to make women’s economic participation a core part of Canada’s investment strategy, just days before global investors gather in Toronto for the first Canada Investment Summit.In an open letter released today, the leaders argue that realizing Canada’s ambition to catalyze $1 trillion in investment over the next five years will require the country to make full use of its economic capacity, including the talent, capital, entrepreneurship and leadership of women. Women remain significantly underrepresented in many of the industries, businesses and institutions that will determine how that capital is deployed and where economic growth occurs.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe letter urges the federal government to make women’s economic participation a core part of Canada’s investment agenda as the country prepares to make major investments in infrastructure, technology, defence, natural resources and other strategic sectors.Its central argument is economic: Canada is simultaneously trying to build at greater scale, compete globally and attract unprecedented levels of investment. Doing that successfully will require more capital, more entrepreneurs, more skilled workers and people capable of building and leading Canadian companies. Women represent a significant source of each.By 2030, women are projected to control close to half of Canada’s financial wealth. Yet women remain significantly underrepresented among those allocating institutional and venture capital and own fewer than one in five Canadian small and mid-sized businesses.The letter argues that these gaps have consequences far beyond representation.”Canada is being asked to build more, move faster and compete in increasingly volatile conditions while facing persistent labour and skills shortages. Maximizing the return on these investments requires us to draw on the full range of talent, expertise, entrepreneurship and leadership available to us.”The signatories bring decades of experience building companies, deploying capital, leading institutions, creating jobs and shaping public policy across Canada. They are calling on the federal government to use the next year to establish and begin implementing a clear economic agenda for increasing women’s participation and leadership in the sectors receiving Canada’s largest public and private investments, with measurable objectives and public reporting on progress.Their message to the Prime Minister is that women’s participation should not sit on the margins of Canada’s economic strategy. Making full use of women’s economic capacity will strengthen Canada’s ability to deliver on its investment ambitions.“A Canada Strong economy cannot be built by leaving capacity – talent, expertise, capital – on the sidelines. Women are entrepreneurs, executives, investors. Their participation is essential to drive growth, productivity and competitiveness.”Managing Partner, TwinRiver Capital; Interim Co-Chair, Equality FundThe Power Shift is a national initiative focused on strengthening Canada’s economic capacity by increasing women’s participation and leadership in the sectors, institutions and decisions shaping the country’s future. Through research, convening and collaboration across business, government and civil society, The Power Shift works to identify and advance practical solutions that mobilize Canada’s full leadership capacity.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.