race in Canadian Credit Unions

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.