Not sure where you are in Ottawa - I am in Orleans. I have two parents that work for the government and one of them is scared to go to work some days but so far so good. The other one has already been told that their department is safe from layoffs.
There does seem to be a lot more caregivers looking for kids than in past years and of those many have been looking for a lot longer than in the past. In some areas there does seem to be an overabundance of caregivers compared to kids needing care.
If you are going to make the change you might consider doing it gradually maybe part time daycare/part time work if that is even possible, consider working in someone else's home for a year since there are some ads out there for nanny type care. Contacting an agency that services your area might give you some clues. Again I haven't noticed a lot of problems from the caregivers I have spoken to but it does vary by area of the city.