Bank buildings are photographed in Toronto’s financial district on June 27, 2018. A coalition of Canadian business leaders have announced a strategic partnership for a program to support Black professionals on Bay Street and elsewhere. THE CANADIAN PRESS/ Tijana Martin

Bank buildings are photographed in Toronto’s financial district on June 27, 2018. A coalition of Canadian business leaders have announced a strategic partnership for a program to support Black professionals on Bay Street and elsewhere. THE CANADIAN PRESS/ Tijana Martin

Canadian business leaders to pledge support for BlackNorth Initiative

The push to deal with systemic racism has gained strength in recent months

Leaders of several prominent Canadian companies will be gathering virtually this afternoon to provide more details of their BlackNorth Initiative against systemic racism.

A newly formed group of Canadian business leaders says it will develop concrete action plans to remove barriers that prevent the advancement of Black employees within their companies.

The BlackNorth initiative also says it will create conditions over the next few years to support the success of members of the Black community.

Among other things, the group is setting several specific goals, such as having at least 3.5 per cent of executive and board roles in Canada held by Black leaders by 2025.

The push to deal with systemic racism has gained strength in recent months in the wake of demonstrations held across Canada and the United States.

The initiative is supported by the newly formed Canadian Council of Business Leaders Against Anti-Black Systemic Racism and the Canadian Association of Urban Financial Professionals.

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The Canadian Press


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