• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Holdout Ontario signs on to Trudeau’s $10-a-day daycare plan

March 28, 2022
in Business
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Breadcrumb Trail Links

  1. News
  2. FP Work
  3. FP Economy

Federal government to provide $13.2 billion over six years to bring average cost of child care down to $10 per day by 2025

Publishing date:

Mar 28, 2022 • 36 minutes ago • 3 minute read • 14 Comments

Ontario Premier Doug Ford.
Ontario Premier Doug Ford. Photo by Cole Burston/Reuters

Article content

Premier Doug Ford ended his holdout and agreed to join the federal government’s national daycare program, putting Ontario on a path to $10-a-day daycare like the rest of the country.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Article content

“From day one, I said our government wouldn’t sign a deal that didn’t work for Ontario parents,” Ford said in a statement, seven months after Nova Scotia became the first province to sign up. “Given how complex Ontario’s child-care system is, we wanted to get this right. Today, we’re delivering a deal that will keep money in the pockets of hard-working parents.”

Prime Minister Justin Trudeau’s government will provide Ontario with $13.2 billion over six years to bring the average cost of child care down to the federal government’s target of $10 per day by 2025, both leaders announced at a press conference on March 28.

Ontario was the last province to sign, a surprise, given Toronto is home to some of the most expensive daycare costs in the country and inflation had emerged as a potent political issue. Conservative governments in Alberta, Saskatchewan, Manitoba, and New Brunswick all joined, amid a broad consensus among economists that affordable daycare can be a powerful engine for economic growth because it frees up parents to better participate in the labour force.

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

Trudeau’s effort takes inspiration from Quebec, which introduced highly subsidized daycare in the mid-1990s. The economic impact was profound. In January 1996, only 66 per cent of women aged 25 to 54 in Quebec were employed, compared with 70.8 per cent in Ontario and 75.8 per cent in Alberta, according to Statistics Canada data. By the end of 2008, Quebec had leapfrogged both of its peers. Last month, 87.2 per cent of Quebec women of prime working age were employed, compared with 84 per cent in Ontario and 83.9 per cent in Alberta.

Cheaper daycare couldn’t come at a better time. With inflation running at a three-decade high and inputs becoming more expensive, businesses and consumers are feeling their wallets stretch. Women, who stand to benefit the most from a comprehensive child-care subsidy, need government support to create the right conditions that would support their search or return to work, said Armine Yalnizyan, a labour economist and Atkinson Fellow on the future of work.

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

Article content

“That means more purchasing power. More purchasing power means more business for business,” Yalnizyan said. But, “we don’t know what (the government’s) plans are yet for serving the underserved and expanding access to licensed care. We will see that in the coming days.”

The deal will take effect in May, starting with an average of 25-per-cent reduction in child-care fees and another 25-per-cent reduction by December, eventually reaching an average of $10 a day. In two years, families will collectively save $1.1 billion, according to the Ontario government. The province and Ottawa said it will support compensation and hiring for registered early childhood educators.

Advertisement 5

This advertisement has not loaded yet, but your article continues below.

Article content

Federal and provincial leaders said the agreement will create more than 86,000 new daycare spaces for children by 2026 and Ottawa will continue providing $2.9 billion after the five years are up.

Ontario is scheduled to hold an election this spring, and that likely factored into Ford’s timing. For Trudeau, the daycare agreement stands as his signature policy achievement. The last Liberal prime minister, Paul Martin, was close to securing a similar program, but failed to pin it down before the 2006 election. Martin lost that vote to Stephen Harper, who scrapped the plan, even though provinces had signed on.

“We know the economic growth that is unlocked when moms no longer have to choose between having a family or advancing their career,” Trudeau said. “It’s a benefit not just to families, not just to kids, but to all of us.”

• Email: bbharti@postmedia.com | Twitter: biancabarti

Share this article in your social network

Advertisement

This advertisement has not loaded yet, but your article continues below.

Top Stories Newsletter logo

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Thanks for signing up!

A welcome email is on its way. If you don’t see it, please check your junk folder.

The next issue of Financial Post Top Stories will soon be in your inbox.

We encountered an issue signing you up. Please try again

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Previous Post

NFL meetings: Rooney Rule updated to include female candidates

Next Post

Fresh Prince star defends Will Smith after Oscars drama – ‘sometimes you have to slap back’

Related Posts

Paysafe Limited (PSFE) CEO Philip McHugh on Q2 2021 Results – Earnings Call Transcript
Business

Logan Ridge Finance Corporation (LRFC) CEO Ted Goldthorpe on Q2 2022 Results – Earnings Call Transcript

Logan Ridge Finance Corporation (NASDAQ:LRFC)...

Read more
Londoners leaving capital to buy a house up 19% – with most heading to Epping and Slough
Business

Londoners leaving capital to buy a house up 19% – with most heading to Epping and Slough

Almost a fifth more Londoners...

Read more
Challenges and opportunities: what does sustainability really mean for business? | The whole picture
Business

Challenges and opportunities: what does sustainability really mean for business? | The whole picture

No doubt you will have...

Read more
Novavax slashes sales guidance in half, stock plunges 30%
Business

Novavax slashes sales guidance in half, stock plunges 30%

Novavax Inc. executives slashed their...

Read more
Valneva Stock: Vaccine Business, Catalysts Ahead, And Pfizer’s Lyme Love (NASDAQ:VALN)
Business

Valneva Stock: Vaccine Business, Catalysts Ahead, And Pfizer’s Lyme Love (NASDAQ:VALN)

VioletaStoimenovaThesis Valneva (NASDAQ:VALN) is a...

Read more
Load More
Next Post
Fresh Prince star defends Will Smith after Oscars drama – ‘sometimes you have to slap back’

Fresh Prince star defends Will Smith after Oscars drama – ‘sometimes you have to slap back’

  • Trending
  • Comments
  • Latest
Wall Street’s top distressed credit and debt traders

Wall Street’s top distressed credit and debt traders

Six times actors really romped in sex scenes that make 365 DNI look tame

Six times actors really romped in sex scenes that make 365 DNI look tame

Epic Systems campus, a fantasyland of gardens and architecture, Part 1

Epic Systems campus, a fantasyland of gardens and architecture, Part 1

Model dazzles in swimwear but shoppers moan they can see ‘everything but bikini’

Model dazzles in swimwear but shoppers moan they can see ‘everything but bikini’

Juicy Instant Pot Short Ribs

Juicy Instant Pot Short Ribs

Are Marigolds Edible? How To Grow Edible Marigold Flowers

Are Marigolds Edible? How To Grow Edible Marigold Flowers

How to Get Dog Pee Out of Your Carpet – Dogster

How to Get Dog Pee Out of Your Carpet – Dogster

Turkish-made drones used in Ukraine conflict

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Juicy Instant Pot Short Ribs

Juicy Instant Pot Short Ribs

Are Marigolds Edible? How To Grow Edible Marigold Flowers

Are Marigolds Edible? How To Grow Edible Marigold Flowers

Juicy Instant Pot Short Ribs

Juicy Instant Pot Short Ribs

Are Marigolds Edible? How To Grow Edible Marigold Flowers

Are Marigolds Edible? How To Grow Edible Marigold Flowers

How to Get Dog Pee Out of Your Carpet – Dogster

How to Get Dog Pee Out of Your Carpet – Dogster

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist