Federal funding to help increase opportunities for women in Quebec and build a more resilient economy for everyone in Canada
QUEBEC CITY, March 21, 2025 /CNW/ - Women continue to face persistent pay equity challenges, underrepresentation in high-paying jobs, a disproportionate load of caregiving responsibilities, and a lack of pathways for career growth. Unlocking economic and leadership opportunities for women will lead to a more prosperous and resilient economy for everyone in Canada.
Today, the Honourable Jean-Yves Duclos, Member of Parliament for Québec, on behalf of the Honourable Steven Guilbeault, Minister of Canadian Culture and Identity, Parks Canada and Quebec Lieutenant, who is responsible for the Department for Women and Gender Equality , highlighted $533,029 for Corporation de développement économique communautaire (CDEC) de Québec. Their project Towards a More Inclusive and Equal Entrepreneurial Ecosystem will target entrepreneur support organizations working across the province of Quebec to address systemic barriers that hinder women's entrepreneurial success. Their work will raise awareness of the challenges women entrepreneurs face, develop tools and activities to enhance support practices, provide training for employees and management in entrepreneur support organizations, and help transform policies and programs to build a more inclusive and equitable entrepreneurial ecosystem.
This funding is part of the previously announced investment of up to $100 million for 163 projects to improve economic and leadership opportunities for women across Canada. The projects will advance gender equality through one or more of the following ways:
Changing gender norms and attitudes by working to change beliefs, assumptions, and stereotypes based on gender and other identity factors.
Supporting changes to authority, voices at the table, and decision-making power by working to address power imbalances to ensure women are part of the dialogue and solution.
Increasing networks and collaboration by building and strengthening partnerships to work across sectors and break down silos.
Encouraging more effective and equitable sharing of resources by sharing, mobilizing, and redistributing resources to support equality.
Changing policies and practices by creating, changing, or removing policies and practices to address sexism and other barriers to gender equality.
This funding supports Women and Gender Equality Canada's continued work to advance equality through the inclusion of people of all genders, including women, in Canada's economic, social, and political life.
Quotes
'By supporting organizations like CDEC de Québec, we are continuing our work to advance gender equality in the entrepreneurial sector. This project will help create a more inclusive business environment for women across Quebec as it seeks to address systemic barriers and equip organizations with tools and training. Together, we are working to ensure that women entrepreneurs have what they need to succeed and contribute to the growth of our economy.'
The Honourable Steven Guilbeault, Minister of Canadian Culture and Identity, Parks Canada and Quebec Lieutenant
'In Québec, women's entrepreneurship is a driving force that deserves support equal to its potential. By breaking systemic barriers and making support more inclusive, the CDEC paves the way for bold women entrepreneurs shaping the local economy of tomorrow.'
The Honourable Jean-Yves Duclos, Member of Parliament for Québec
Quick facts
Women's wages have grown steadily since the 1990s, but disparities persist. In 2024, women in Canada earned 0.89 cents for every dollar earned by men. The pay gap is wider for immigrant women who earned 0.82 cents for every dollar earned by men.
Women are overrepresented in low-wage occupations. 28.2% of women, compared to 16.2% of men, work in the five lowest-paid occupations in Canada (sales and service jobs, care providers, and administrative support roles).
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Learn more at Thousands of Canadian dollars (except per share amounts) Three months ended April 30, Six months ended April 30, 2025202420252024($)($)($)($) Revenue 34,29034,16962,45168,748 Cost of sales 9,2749,65817,15219,044 Gross profit 25,01624,51145,30049,704 ExpensesSales and marketing 8,1926,97814,70813,633 Operations and support 4,8423,9689,4737,965 Research and development 7,8126,99814,93414,026 General and administrative 4,7454,0278,3928,918 Share-based payment 1,0446951,4281,042 Legal settlement and related fees 1,549—1,716—28,18422,66650,65145,584 Operating (loss) profit (3,168)1,845(5,352)4,120 Financial expenses 171244339543 Income (loss) before income taxes (3,339)1,601(5,690)3,577 Income taxesCurrent (1,400)504(3,069)1,343 Deferred 45216584825(948)669(2,221)1,368 Net (loss) income (2,391)932(3,469)2,209 Other comprehensive income (loss)Foreign currency translation adjustment (1,799)1,995682(581) Comprehensive income (loss) (4,190)2,926(2,787)1,627 Net income (loss) per share: Basic $(0.08)$0.03$(0.12)$0.08 Diluted $(0.08)$0.03$(0.12)$0.07 Weighted average number of shares outstanding Basic 28,357,61429,152,54128,355,78329,090,446 Diluted 28,357,61430,311,65128,355,78330,130,367 Thousands of Canadian dollars As atApril 30,2025October 31,2024$$ AssetsCurrent assets Cash 11,82916,471 Trade and other receivables 25,61623,843 Investment tax credits receivable 1,9361,941 Income tax receivable 1,968— Inventories 14,42714,926 Prepaid expenses and deposits 4,4674,03560,24361,216 Property and equipment 4,2054,241 Right-of-use assets 5,0144,669 Intangible assets 8,79911,241 Goodwill 46,99646,721 Non-refundable investment tax credits receivable 8,0366,523 Deferred income taxes 7,5846,70480,63480,099140,877141,315 LiabilitiesCurrent liabilities Line of credit 7,2952,227 Trade and other payables 18,22816,371 Income taxes payable —625 Current portion of lease liabilities 1,6801,380 Current portion of term loans 1,1621,150 Deferred revenue 11,96214,24540,32735,998 Lease liabilities 4,0254,047 Long term debt 9741,463 Deferred revenue 3,4643,01148,79044,520 EquityShare capital 87,31488,742 Deficit (10,187)(6,110) Share-based compensation and other reserves 5,5145,399 Foreign currency translation reserve 9,4468,76492,08796,796140,877141,315 Thousands of Canadian dollarsThree months ended April 30, Six months ended April 30, 2025 2024 2025 2024 ($)($)($) ($) Net Income (loss) (2,391)932(3,469) 2,209 Income taxes (recovery) (948)669(2,221) 1,368 Income (loss) before income taxes (3,339)1,601(5,690) 3,577Depreciation 9368961,828 1,733 Amortization 1,3131,6372,612 3,345 Financial expenses 171244339 543EBITDA(1) (919)4,378(911) 9,198Share-based payments (LTIP) 1,0446951,428 1,042 Legal settlement and related fees 1,549—1,716 — Adjusted EBITDA(1) 1,6755,0732,233 10,240Adjusted EBITDA Margin(1) 4.9 %14.8 %3.6 % 14.9 %___________ Note: (1) Non-IFRS measure. See "Non-IFRS Measures." View original content to download multimedia: SOURCE Haivision Systems Inc. View original content to download multimedia: Sign in to access your portfolio
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West Fraser Declares Dividend
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