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Canada a world leader in growing female workforce participation

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29.06.2019

The head of the U.S. Federal Reserve's regional bank in Richmond, Va., was in Ottawa this week, doing the rounds of policy-makers at a delicate time for that country's central bank.

The Federal Reserve (Fed) is grappling with an economy besieged by risk. The U.S. trade war with China is moving toward a pivotal point. Consumer confidence has taken a dive. And Fed chair Jerome Powell is in the crosshairs of U.S. President Donald Trump, facing threats from the president to cut rates or else.

But Tom Barkin, the president of the Federal Reserve Bank of Richmond, wanted to talk about daycare.

Of course he did. Because that's where the seeds of economic growth can be found. Once we look through all the political noise and daily international upheaval that central banks are grappling with these days, that's what the United States, Canada and many a mature, developed countries are not seeing much of in their future.

To be sure, Barkin was also in town to share ideas on monetary policy and economics more generally. But he came armed with a........

© Peterborough Examiner