Le Lézard
Classified in: Business
Subjects: CHI, CFG

Building more child care spaces for families in Newfoundland and Labrador


ST. JOHN'S, NL, May 15, 2024 /CNW/ - Every child deserves the best start in life. But for young families, including Millennial and Gen Z parents, the costs of child care can add up to a second rent or mortgage payment. This makes it harder to start and support a family, and as a result, parents?especially moms?often face impossible choices between their careers and child care fees.

Fairness for every generation means ensuring parents, especially moms, do not have to choose between a career and starting a family. The Government is taking action to make life cost less for young families and to build a Canada where every generation can get ahead.

Already, all provinces and territories are offering or are on track to offer $10-a-day regulated child care. This progress, made possible by nearly $40 billion in federal support since 2016, including the transformative investment of nearly $30 billion in Budget 2021, is making life more affordable for young families. Women's labour force participation is now at a record high of 85.7%, meaning more families are bringing home more income and contributing to Canada's economic growth, while saving thousands of dollars on child care every year.

But more families need access to affordable child care.

That's why, today in St. John's, the Honourable Jenna Sudds, Minister of Families, Children and Social Development, the Honourable Seamus O'Regan Jr., Minister of Labour and Seniors, and the Honourable Gudie Hutchings, Minister of Rural Economic Development, joined the Honourable Krista Lynn Howell, Newfoundland and Labrador's Minister of Education, to announce $13.7 million over four years, including approximately $9.8 million through 2025-2026, to help build more inclusive child care spaces across the province through the Government of Canada's $625 million Early Learning and Child Care Infrastructure Fund. This investment will help Newfoundland and Labrador reach the shared goal of building 5,895 new child care spaces by 2026.

Through this Fund, all provinces and territories will be able to make further investments in child care , so more families can save up to $14,300 on child care every year, per child.

These investments will aim to support families in rural and remote communities, as well as families in communities that face barriers to access, such as racialized groups, Indigenous Peoples, newcomers, official language minority communities, and children, parents and employees with disabilities. Funding may also be used to support infrastructure to provide care during non-standard hours.  

Across the country, over 750,000 kids are already benefiting from affordable, high-quality child care, with some families saving up to $14,300 per child, per year. Alongside provinces and territories, the Government of Canada has also announced over 100,000 new spaces, well on the way to reaching the goal of creating 250,000 new spaces by March 2026.

Investing in affordable child care is about helping more families save thousands of dollars on child care and ensuring that every child has the best start in life. The measures highlighted above complement what the Government of Canada is doing in Budget 2024 to build a fairer Canada for every generation. The Government is building more homes, strengthening public health care, making life cost less, and growing the economy in a way that is shared by all?to make sure every generation has a fair chance at building a good middle-class life.

Quotes

"Young families who don't yet have access to affordable child care spaces are paying as much as a second rent or mortgage payment for unregulated child care. This is unfair to today's generation of parents, especially Millennial and Gen Z parents, who need and deserve the relief of $10-a-day child care. We are working with provinces and territories to build more spaces across the country, so that more families can access affordable child care and save thousands of dollars every year."
? The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

"Every family should have access to high-quality, inclusive child care. More child care spaces mean more high-quality spots for kids, and more relief for parents as they access affordable child care. The Government of Canada remains committed to working with Newfoundland and Labrador so children in Canada have the best possible start in life. The Early Learning and Child Care Infrastructure Fund will help child care providers across the province so they can continue to provide access to high-quality, affordable, flexible and inclusive early learning and child care to underserved communities."
? The Honourable Jenna Sudds, Minister of Families, Children and Social Development

"We look after each other around here. More child care spaces means more support for young families. And that's good for us all."
? The Honourable Seamus O'Regan Jr., Minister of Labour and Seniors

"Whether parents work in an office or on a shop floor, in Labrador City, St. Anthony, or St. John's, everyone deserves access to reliable child care. With this continued investment today, we are helping Newfoundland and Labrador build more daycare spaces so families have child care they can rely on, no matter where they live."
? The Honourable Gudie Hutchings, Minister of Rural Economic Development

"Newfoundland and Labrador has made child care more affordable for families throughout the province. With over 9,100 early learning and child care spaces operating at $10-a-day or less and an additional 2,200 spaces in development, there is no doubt that momentum is building to ensure that all families in the province have access to the early learning and child care that they need. The Early Learning and Child Care Infrastructure Fund is a welcome addition to further enhance the resources and supports available to child care providers as they grow their services."
? The Honourable Krista Lynn Howell, Newfoundland and Labrador's Minister of Education

Quick facts
Associated links

Toward $10-a-Day: Early Learning and Child Care
Federal Secretariat on Early Learning and Child Care
Multilateral Early Learning and Child Care Framework

Follow us on X (Twitter

SOURCE Employment and Social Development Canada


These press releases may also interest you

at 01:25
BerGenBio ASA (OSE: BGBIO), a clinical-stage bio-pharmaceutical company developing novel, selective AXL kinase inhibitors for severe unmet medical needs, today announced financial results for the quarter ended March 31, 2024, and provided a business...

at 01:22
BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets boutique investment bank, is pleased to announce a key hire to its US Equity Capital Markets team....

at 01:00
Akemona, a leading funding portal and asset tokenization platform, announces the Wolfer Finance Corporation token sale launch on the Akemona portal. For more information about the Wolfer Finance offering, please visit...

at 01:00
A first-of-its-kind survey by CellPoint Digital shows how payments impact all aspects of airline operations, from distribution to reconciliation to passenger experience.  Over 150 global airline professionals rank payment-related issues among their...

at 01:00
Boursa Kuwait hosted investor relations workshops in collaboration with Instinctif Partners, a strategic reputation advisory firm based in Europe, the Middle East and Africa, at the bourse's premises on Monday, May 27, 2024, targeting companies...

at 00:31
Paratus Energy Services Ltd (the "Company" or "Paratus") has mandated Arctic Securities, DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, as well as ABG Sundal Collier and Fearnley Securities as Joint Bookrunners to...



News published on and distributed by: