Madam Speaker, I want to thank the hon. member for Oakville North—Burlington for her advocacy on behalf of vulnerable people in her community and in all of Canada.
I have been reading the McKinsey Global Institute report entitled “The Power of Parity: Advancing Women's Equality in Canada”. It states we could be adding $150 billion of incremental GDP growth between now and 2026 if we pay attention to equity for women in our economy, but progress has stalled in the last 20 years.
I met this morning with the representative for the Guelph YWCA, and with representatives from YWCA Canada. We discussed the importance of using a gender-based lens when we are looking at budgets.
Could the hon. member help us understand how important a gender-based analysis is in trying to recover the $150 billion of lost opportunity due to the inequity with respect to women's pay?