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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period — — — — 3,268,304 3,268,304 Balance, April 30, 2025 54,868,308 $ 367,125,848 $ 45,380,347 $ (4,696,131) $ (324,031,068) $ 83,778,996 Balance, January 31, 2024 53,978,085 $ 364,830,884 $ 47,485,107 $ (4,998,317) $ (350,437,401) $ 56,880,273 Issuance of Subordinate Voting Shares on exercise of options 206,299 1,739,261 (900,761) — — 838,500 Issuance of Subordinate Voting Shares on settlement of restricted share units 194,483 965,967 (2,587,799) — — (1,621,832) Stock-based compensation — — 2,332,754 — — 2,332,754 Repurchase of share capital for cancellation under NCIB (131,380) (1,021,919) — — — (1,021,919) Share repurchase commitment under the ASPP — — — — 284,181 284,181 Other comprehensive loss — — — (795,690) — (795,690) Income for the period — — — — 572,266 572,266 Balance, April 30, 2024 54,247,487 $ 366,514,193 $ 46,329,301 $ (5,794,007) $ (349,580,954) $ 57,468,533 D2L Consolidated Interim Statements of Cash Flows(In U.S. dollars) For the three months ended April 30, 2025 and 2024(Unaudited)2025 2024 Operating activities:Income for the period $ 3,268,304 $ 572,266Items not involving cash: Depreciation of property and equipment 392,558 436,493 Depreciation of right-of-use assets 347,334 286,692 Amortization of intangible assets 557,631 27,967 Gain on disposal of property and equipment (16,825) (45,803) Stock-based compensation 3,213,041 2,332,754 Net interest income (496,923) (923,385) Income tax expense 2,595,585 23,649 Fair value gain on loan receivable from associate (172,270) —Changes in operating assets and liabilities: Trade and other receivables 3,684,970 (2,528,272) Uninvoiced revenue (133,791) 168,438 Prepaid expenses 153,112 2,116,314 Deferred commissions 369,573 (191,409) Accounts payable and accrued liabilities (1,189,037) (6,008,716) Deferred revenue (14,399,467) (12,109,523) Right-of-use assets and lease liabilities — (43,743)Interest received 710,627 1,077,425Interest paid (1,633) (12,633)Income taxes paid (738,303) (4,239)Cash flows used 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The following table reconciles Free Cash Flow to cash flow used in operating activities, and discloses Free Cash Flow Margin, for the periods indicated: (in thousands of U.S. dollars, except for percentages) Three months ended April 30 2025 2024 Cash flow used in operating activities (1,856) (14,826) Net disposal (additions) to property and equipment 15 (126) Free Cash Flow (1,841) (14,952) Free Cash Flow Margin -3.5 % -30.8 % Constant Currency Revenue Constant Currency Revenue is defined as our total revenue with foreign-currency-denominated revenues translated at the historical exchange rates from the comparable prior period into our U.S. dollar functional currency. For an explanation of management's use of Constant Currency Revenue see "Non-IFRS and Other Financial Measures – Non-IFRS Financial Measures and Non-IFRS Financial Ratios – Constant Currency Revenue" section in the Company's Interim MD&A, which section is incorporated by reference herein. The following table reconciles our Constant Currency Revenue to revenue, for the periods indicated: (in thousands of U.S. dollars) Three months ended April 30 2025 2024 Total revenue for the period 52,835 48,495 Negative impact of foreign exchange rate changes over the prior period 773 — Constant Currency Revenue 53,608 48,495 Key Performance IndicatorsManagement uses a number of metrics, including the key performance indicators identified below, to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance indicators may be calculated in a manner different than similar key performance indicators used by other issuers. These metrics are estimated operating metrics and not projections, nor actual financial results, and are not indicative of current or future performance. Annual Recurring Revenue and Constant Currency Annual Recurring Revenue: We define Annual Recurring Revenue ("ARR") as the annualized equivalent value of subscription revenue from all existing customer contracts as at the date being measured, exclusive of the implementation period. Our calculation of ARR assumes that customers will renew their contractual commitments as those commitments come up for renewal. We believe ARR provides a reasonable, real-time measure of performance in a subscription-based environment and provides us with visibility for potential growth in our cash flows. We believe that increasing ARR reflects the continued strength of our business and the successful execution of our strategy. Increasing ARR will continue to be our focus on a go-forward basis. We define Constant Currency Annual Recurring Revenue as foreign-currency-denominated ARR translated at the historical exchange rates from the comparable prior period into our U.S. dollar functional at April 30 (in millions of U.S. dollars, except percentages) 2025 2024 Change $ $ % ARR 206.2 190.3 8.4 % Constant Currency Annual Recurring Revenue 206.8 190.3 8.7 % SOURCE D2L Inc. View original content to download multimedia: Sign in to access your portfolio
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BTB Announces the Results of the 2025 Election of Trustees
MONTRÉAL, June 10, 2025 /CNW/ - BTB Real Estate Investment Trust (TSX: ("BTB" or the "REIT") is proud to announce that each of the Trustees nominated in the Management Information Circular dated May 5th, 2025, were elected as Trustees of BTB during the Annual General Meeting held in Montréal today. The details of the election are as follows: Trustee nominee Outcome For Withheld Number % Number % Jocelyn Proteau Elected 10,696,142 84.85 1,909,176 15.15 Jean-Pierre Janson Elected 11,569,709 91.78 1,035,609 8.22 Luc Martin Elected 11,603,230 92.05 1,002,088 7.95 Sylvain Fortier Elected 10,788,822 85.59 1,816,496 14.41 Sylvie Lachance Elected 10,727,551 85.10 1,877,767 14.90 Lucie Ducharme Elected 10,737,585 85.18 1,867,733 14.82 Armand Des Rosiers Elected 11,638,379 92.33 966,939 7.67 Michel Léonard Elected 11,628,715 92.25 976,603 7.75 Christine Marchildon Elected 10,727,556 85.10 1,877,762 14.90 The results of the final votes regarding all matters subject to a vote during the Annual General Meeting of the Unitholders are available on the SEDAR+ website ( About BTB BTB is a real estate investment trust listed on the Toronto Stock Exchange. BTB REIT invests in industrial, suburban office and necessity-based retail properties across Canada for the benefit of their investors. As of today, BTB owns and manages 75 properties, representing a total leasable area of approximately 6.1 million square feet. People and their stories are at the heart of our success. SOURCE BTB Real Estate Investment Trust View original content to download multimedia:
