Delve into comprehensive HR strategies aimed at addressing racial biases within the banking sector. Gain insights from CEOs on navigating challenges related to 911 calls, racial slurs, and check-cashing refusals encountered by Black customers. Discover proactive approaches to fostering diversity, equity, and inclusion in financial institutions.
Racism in The Canadian Financial Sector
Canadian society has struggled with racism for quite some time, and the financial services industry is no exception. Unions, governments, and financial services industry stakeholders and commentators in Canada have all recently reported instances of racism in the workplace. Both overt acts of discrimination and institutionalized obstacles to banking services for people of color are to blame. Unfortunately, people who have been historically underserved or marginalized in Canada's banking system still face several barriers to gaining access to the services they need. To better understand how financial inequalities manifest themselves across Canada, this blog post will explore how poverty and racism interact with one another.