MONTREAL — Prime Minister Justin Trudeau vaunted his government’s new legislation on pay equity at a conference of female business leaders in Montreal on Monday, and was pressed about how Canada will respond to major corporate tax reform in the U.S.
The female business leaders in the ballroom of the Ritz-Carlton hotel gave Trudeau a standing ovation as he walked on stage for an interview, during the Most Powerful Women International Summit, hosted by Fortune magazine.
Playing to the crowd, he told his audience how he was certain many of them in their “impressive careers” had to fight for pay equity.
“Having your work undervalued, being underpaid, simply because you’re a woman is unacceptable,” Trudeau said. “Just last week, our government introduced historic federal pay-equity legislation.”
The bill would apply to all federally regulated employers with 10 or more workers, including private-sector companies such as banks and railways.
In 2017, Canadian women earned 88.5 cents for every dollar a man earned, as measured in hourly wages for full-time workers, according to government figures.
“Making important change is difficult,” the prime minister said, “it takes courage to do great things, I know that this room is up to the challenge.”
After his short speech, he sat down on stage for an interview with author and magazine writer Nina Easton, who told him how some in Canada’s business community were concerned about the country’s competitiveness after the U.S. cut corporate taxes.
Trudeau said Canada’s current rates continue to be competitive, and added that corporations look at other criteria than taxes when deciding where to invest.
“We are very much conscious and aware of the need to remain competitive,” the prime minister said.
Following the U.S. tax cuts, Trudeau and Finance Minister Bill Morneau have been under pressure to respond, in order to ensure companies in the country don’t move south of the …read more
Source:: The Huffington Post – Canada Music