When Alicia Dempster started her maternity leave in June 2019, she never dreamed that she would still be at home two and a half years later.
The Stouffville, Ont., woman fully intended to return to her job as an event planner for an area municipality after 15 months at home caring for her infant son and his toddler brother.
But COVID-19 derailed those plans. When her planned return-to-work date rolled around, the complete absence of public events meant the job she once had no longer existed. The alternative work her employer offered her — cutting grass and picking weeds with the parks department — seemed a poor match for her skills, so she opted to stay home “just a little longer.”
Now, her sons are five and two and a half and the Omicron variant is on the rise.
Like many Canadian women, Dempster is not only concerned about how long she’s been out of the workforce, but should she find a job, she knows she’ll be juggling the demands of work and parenting, including COVID tests and mandatory isolation every time one of her children gets a cough or the sniffles.
While recent data suggests a jobs recovery for working age women, the statistics fail to capture the whole picture, one in which many women are still struggling to balance work and family life.
Job quality over quantity
Early in the pandemic, much was written about the disproportionate toll of COVID-19 on the finances and career prospects of Canadian women.
Female-dominated industries like accommodation and food services were the hardest-hit by restrictions and lockdowns, and many women also suffered from a lack of child care as daycares and schools shut down in those early months.
Even one year on, in March 2021, employment among women remained about 5.3 per cent below where it sat in February 2020, compared to a drop of about 3.7 per cent for men, according to a report from the Labour Market Information Council.
WATCH | How the pandemic has made employers more flexible for working parents:
Pandemic pushing employers to make work more flexible for parents
10 months ago
Duration 2:31
Over the past year, many women have either left their jobs or reduced their hours so they could take care of children during the pandemic. It has pushed some employers to look into how to make work more flexible for parents. 2:31
But as the economy gradually reopened over the summer and fall, women’s prospects improved. Canada as a whole caught up with its pre-pandemic job numbers in September of this year, and according to Statistics Canada, the only age group of women that has yet to recover to its pre-pandemic employment level is the 55-plus category.
“Now if you look at younger women, their employment rate is higher than it was before the pandemic. A little more than one percentage point higher,” said University of Calgary economist Trevor Tombe.
“It’s the same story for the 25-54 age group — their employment rate is one percentage point higher.”
But Armine Yalnizyan, a Toronto-based economist and the Atkinson Foundation’s Fellow on the Future of Workers, cautions against declaring the “she-cession” over. She pointed out that statistics offer an aggregate look at a population, and many individual women are still struggling with the impacts of the pandemic on their careers and finances.
In addition, Yalnizyan said, it’s crucial to remember that Statistics Canada employment data only looks at the “quantity” of jobs, not “quality” — a key part of the story when it comes to COVID-19 and its affect on gender and the workforce.
According to Armine Yalnizyan, a Toronto-based economist and the Atkinson Foundation’s Fellow on the Future of Workers, the question of the quality of work is ‘really, really important to the question of what’s been happening to women.’ (Canadian Centre for Policy Alternatives)
“The quality of work question is really, really important to the question of what’s been happening to women,” she said.
“For the ‘I’m not able to get a promotion, I’ve had to change jobs or I have stress about possibly losing my job, I’m barely hanging on because my kids are home half the time,’ the binary of ‘are you employed or aren’t you employed’ isn’t a very good metric.”
Impact on working mothers
Before the pandemic hit, Stephanie Bakker-Houpf of High River, Alta., was excited to finally have time to focus on getting her creative consultancy and content management business off the ground after years of putting her own career dreams on the back-burner to raise her two now-teenage daughters.
But not only did her bread-and-butter contracts with musician and entertainer clients dry up in the absence of live performances last year, the divorced Bakker-Houpf found herself sacrificing precious work time as she helped her daughters with home-schooling and supported them through all of the disruptions and anxieties that go along with being a kid in a pandemic.
“Kids today are constantly dealing with uncertainty and their lives being interrupted. And yet, we as moms are still supposed to be able to function the same way and show up at our jobs the same way,” Bakker-Houpf said.
Jennifer Hargreaves, founder and CEO of diversity recruitment organization Tellent — which aims to help women in career transition find new opportunities — said while it’s true that as many women may be working now as before the pandemic, the numbers don’t tell the whole story.
Jennifer Hargreaves, the CEO of diversity recruitment firm Tellent, says it’s frightening to hear some employers say things are back to normal when more women are reaching out for mental health support ‘because they’ve just got to a tipping point with burnout.’ (Andy Heics photo )
In fact, Hargreaves said she worries Canadian working women may be heading into another crisis in 2022, as employers begin to urge employees to come back to the office on at least a part-time basis even as schools and daycares continue to struggle with COVID cases and children under five remain unvaccinated.
“What’s frightening is some employers seem eager to say, ‘we’re going back to normal this year,’ ” Hargreaves said.
“Because what I actually see on the ground is more and more women reaching out and getting mental health support, because they’ve just got to a tipping point with burnout. And women are taking stress leave.”
WATCH | Child care among key policies needed for she-covery, economist says:
‘She-cession’ will require a different playbook for recovery, says expert
1 year ago
Duration 2:02
The federal government is planning a national child-care program as one way to help get women — who bore the brunt of pandemic job losses — back to work. It’s a key support that one economist says is key to a ‘she-covery.’ 2:02
If women have one thing working in their favour, Hargreaves said, it’s the fact that employers across a wide range of industries are struggling with systemic labour shortages right now.
She said she hopes that will spur employers to recognize that the way to retain talent is to continue to prioritize flexibility.
“I hope employers can take the lessons learned during COVID-19 and start implementing them and doing that culture shift,” Hargreaves said.
“I think they’re absolutely going to need to do that in order to stay agile in this new economy.”
MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.
The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.
The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.
Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.
On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.
Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.
This report by The Canadian Press was first published Sept. 12, 2024.
Dollarama Inc.’s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is “not in the grocery business,” even if it’s keeping an eye on the sector.
“It’s just one small part of our store,” Neil Rossy told analysts on a Wednesday call, where he was questioned about the company’s food merchandise and rivals playing in the same space.
“We will keep an eye on all retailers — like all retailers keep an eye on us — to make sure that we’re competitive and we understand what’s out there.”
Over the last decade and as consumers have more recently sought deals, Dollarama’s food merchandise has expanded to include bread and pantry staples like cereal, rice and pasta sold at prices on par or below supermarkets.
However, the competition in the discount segment of the market Dollarama operates in intensified recently when the country’s biggest grocery chain began piloting a new ultra-discount store.
The No Name stores being tested by Loblaw Cos. Ltd. in Windsor, St. Catharines and Brockville, Ont., are billed as 20 per cent cheaper than discount retail competitors including No Frills. The grocery giant is able to offer such cost savings by relying on a smaller store footprint, fewer chilled products and a hearty range of No Name merchandise.
Though Rossy brushed off notions that his company is a supermarket challenger, grocers aren’t off his radar.
“All retailers in Canada are realistic about the fact that everyone is everyone’s competition on any given item or category,” he said.
Rossy declined to reveal how much of the chain’s sales would overlap with Loblaw or the food category, arguing the vast variety of items Dollarama sells is its strength rather than its grocery products alone.
“What makes Dollarama Dollarama is a very wide assortment of different departments that somewhat represent the old five-and-dime local convenience store,” he said.
The breadth of Dollarama’s offerings helped carry the company to a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent.
The retailer said Wednesday the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per diluted share a year earlier.
The period the quarter covers includes the start of summer, when Rossy said the weather was “terrible.”
“The weather got slightly better towards the end of the summer and our sales certainly increased, but not enough to make up for the season’s horrible start,” he said.
Sales totalled $1.56 billion for the quarter, up from $1.46 billion in the same quarter last year.
Comparable store sales, a key metric for retailers, increased 4.7 per cent, while the average transaction was down2.2 per cent and traffic was up seven per cent, RBC analyst Irene Nattel pointed out.
She told investors in a note that the numbers reflect “solid demand as cautious consumers focus on core consumables and everyday essentials.”
Analysts have attributed such behaviour to interest rates that have been slow to drop and high prices of key consumer goods, which are weighing on household budgets.
To cope, many Canadians have spent more time seeking deals, trading down to more affordable brands and forgoing small luxuries they would treat themselves to in better economic times.
“When people feel squeezed, they tend to shy away from discretionary, focus on the basics,” Rossy said. “When people are feeling good about their wallet, they tend to be more lax about the basics and more willing to spend on discretionary.”
The current economic situation has drawn in not just the average Canadian looking to save a buck or two, but also wealthier consumers.
“When the entire economy is feeling slightly squeezed, we get more consumers who might not have to or want to shop at a Dollarama generally or who enjoy shopping at a Dollarama but have the luxury of not having to worry about the price in some other store that they happen to be standing in that has those goods,” Rossy said.
“Well, when times are tougher, they’ll consider the extra five minutes to go to the store next door.”
This report by The Canadian Press was first published Sept. 11, 2024.
TORONTO – The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers to consumer reporting companies.
The agency says TD has to pay US$7.76 million in total to tens of thousands of victims of its illegal actions, along with a US$20 million civil penalty.
It says TD shared information that contained systemic errors about credit card and bank deposit accounts to consumer reporting companies, which can include credit reports as well as screening reports for tenants and employees and other background checks.
CFPB director Rohit Chopra says in a statement that TD threatened the consumer reports of customers with fraudulent information then “barely lifted a finger to fix it,” and that regulators will need to “focus major attention” on TD Bank to change its course.
TD says in a statement it self-identified these issues and proactively worked to improve its practices, and that it is committed to delivering on its responsibilities to its customers.
The bank also faces scrutiny in the U.S. over its anti-money laundering program where it expects to pay more than US$3 billion in monetary penalties to resolve.
This report by The Canadian Press was first published Sept. 11, 2024.
