How Canada’s only current female chief economist is clearing the path for women in finance

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Beata Caranci knows what it’s like to be underestimated in a male-dominated profession. Now, she’s one of the country’s most influential voices

. Through her research, she hopes to create awareness and remove barriers for women so they may go as far as their potential can take them.

In Canada’s six largest banks, women make up 58 per cent of the total workforce but only 38 per cent of senior management positions,. As well, there has been little change in the number of women in executive positions in recent years. In 2016, nearly 19 per cent of executives in the financial services industry were women and six years later, this number has gone up by only four percentage points.

She recalls attending an industry event and standing in line to get a coffee when “the person in front of me turned and said, ‘Could you fill up the coffee? It’s empty.’ He thought I was the waitress and I was actually the keynote speaker at that event.”

 

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