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We all know mental health is a growing social issue, but did you know just how deep the impact is on our children and youth – and how many gaps there are in the system? These vulnerable young people may require extended services, but they don’t know where to get support.

Did you know?

  • An estimated 1.2 million children and youth in Canada are affected by mental illness—yet less than 20% will receive appropriate treatment.1

  • 70% of mental health problems have their onset during childhood or adolescence.2

  • Between 2007 and 2017, visits by children and youth (5 to 24 years) for mental health or substance use treatment rose 75% and hospitalizations jumped more than 55%.3

  • By age 25, approximately 20% of Canadians will have developed a mental illness.1

Recognizing this, RBC Global Asset Management (GAM) has supported several initiatives across Canada through the RBC Foundation over the years. Most recently, we have made a long-term commitment towards overall RBC support of the Integrated Youth Services initiative, which launched in 2017. RBC has delivered more than $8MM in support to IYS since the program’s inception.

IYS-Net: A new framework for youth mental health services

Late in 2022, Ottawa responded to the call for greater coordination and collaboration to address youth mental health with up to $18 million in funding. One key component of the new plan is a “network of provincial/territorial networks,” called IYS-Net. This initiative aims to deliver community-based mental health and substance use services alongside additional youth supports. The federal government states IYS-Net will allow for “research evidence, data, and youths’ lived experience to inform processes, policies, and practices to improve health equity and service delivery.”

IYS-Net is being developed through a partnership between Canadian Institutes of Health Research, Virtual Youth Wellness Hubs (YWHO) in Ontario & various local groups nationwide. RBC Foundation is a major contributing partner, with funding support from RBC GAM and other parts of RBC.

“Many of us have children or know children who are struggling with anxiety, depression, and other mental health issues. Our post pandemic world has highlighted this even more, with well over half of Ontario students reporting that the pandemic has left them feeling depressed about the future4 . RBC supports the IYS-Net as a way to get better at delivering the help these vulnerable young people need. We potentially can be saving lives and helping more than a million young Canadians.” Andrew Pearson, Director Corporate Citizenship, RBC Wealth Management.

Mental health support for youth is an important piece of RBC GAM’s community engagement strategy. The ultimate goal speaks to our shared RBC purpose: creating wellness and prosperity for all underserved members of the communities in which we live and work.

1 Mental Health Commission of Canada.
2 Government of Canada (2006). The human face of mental health and mental illness in Canada. Ottawa: Minister of Public Works and Government Services Canada.
3 Canadian Institute for Health Information.
4 CAMH: Ontario Student Drug Use and Health Survey (OSDUHS) Report

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Disclosure

Date de publication : May 10, 2024

This material is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or the relevant affiliated entity listed herein. RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc. (RBC GAM Inc.), RBC Global Asset Management (U.S.) Inc. (RBC GAM-US), RBC Global Asset Management (UK) Limited (RBC GAM-UK), and RBC Global Asset Management (Asia) Limited (RBC GAM-Asia), which are separate, but affiliated subsidiaries of RBC.

In Canada, the material may be distributed by RBC GAM Inc., (including PH&N Institutional), which is regulated by each provincial and territorial securities commission. In the United States (US), this material may be distributed by RBC GAM-US, an SEC registered investment adviser. In the United Kingdom (UK) the material may be distributed by RBC GAM-UK, which is authorised and regulated by the UK Financial Conduct Authority (FCA), registered with the US Securities and Exchange Commission (SEC), and a member of the National Futures Association (NFA) as authorised by the US Commodity Futures Trading Commission (CFTC). In the European Economic Area (EEA), this material may be distributed by BlueBay Funds Management Company S.A. (BBFM S.A.), which is regulated by the Commission de Surveillance du Secteur Financier (CSSF). In Germany, Italy, Spain and Netherlands the BBFM S.A. is operating under a branch passport pursuant to the Undertakings for Collective Investment in Transferable Securities Directive (2009/65/EC) and the Alternative Investment Fund Managers Directive (2011/61/EU). In Switzerland, the material may be distributed by BlueBay Asset Management AG where the Representative and Paying Agent is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. In Japan, the material may be distributed by BlueBay Asset Management International Limited, which is registered with the Kanto Local Finance Bureau of Ministry of Finance, Japan. Elsewhere in Asia, the material may be distributed by RBC GAM-Asia, which is registered with the Securities and Futures Commission (SFC) in Hong Kong. In Australia, RBC GAM-UK is exempt from the requirement to hold an Australian financial services license under the Corporations Act in respect of financial services as it is regulated by the FCA under the laws of the UK which differ from Australian laws. All distribution-related entities noted above are collectively included in references to “RBC GAM” within this material.

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