The award is called The Carol Shields Prize for Fiction, named after the Pulitzer Prize-winning author of The Stone Diaries, and starting in 2022 will award $155,000 Canadian to a woman or non-binary author. “It is a sum that dwarfs the prize money for literary awards such as the Booker Prize (50,000 pounds, roughly $65,000), the Pulitzer Prize for fiction ($15,000) and the National Book Award ($10,000). The Nobel Prize for literature is one exception, with laureates receiving nearly $1 million. ‘We wanted to go big on it so that people paid attention.'” – The New York Times