Opinion: First Nations, Métis and Inuit people are now players at the table. They are taking back their country—and our country—in a stepwise fashion, using their resources to buy companies, infrastructure, and revenue-producing assets.
Last week’s sale of a $1.12 billion stake in seven Alberta pipelines to First Nation and Métis communities is one of the most important milestones in Canadian economic history.
Indigenous entrepreneurship unfolded slowly, constrained by almost no access to investment capital, non-Indigenous resistance to First Nations, Métis and Inuit businesses, and limited experience in business.In 2020, Nova Scotia’s Membertou First Nation led the $1 billion purchase of one of Canada’s largest seafood companies, Clearwater Seafoods.
On the B.C. coast, First Nations have purchased several high-profile resorts and established Indigenous-themed tourism operations. Less noticeable but equally important are investments related to collaborations with mining, forestry, and energy sectors. From a near standing start 40 years ago, literally hundreds of service and supply companies are now owned and operated by First Nations, Métis, and Inuit peoples.
Legal requirements for developers to consult with Indigenous Peoples have also opened doors for equity investments in major infrastructure projects, like the 10-per-cent stake that First Nations secured in the Coastal Gas Link pipeline. Ontario’s Hydro One signed an agreement with the Gwayakocchigewin Limited Partnership to build the
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Increased scrutiny of Canada’s intelligence culture is overdueWe can learn from our Five Eyes allies on how to increase accountability
Read more »
Opinion | How critical minerals are paving Canada’s path to a golden EV futureCanada is one of the few regions, writes David Olive, that has reserves of most essential minerals needed in the clean-energy supply chain — and companies like Volkswagen, Tesla and Mercedes are lining up.
Read more »
As the Bank of Canada pauses rate hikes, mortgage rates in Canada creep downwardThe Bank of Canada says it has no plans to cut interest rates in the near future. But despite this, mortgage rates in Canada have been on a downward trend.
Read more »
Local Indigenous peoples protest possible licence renewal for world’s largest uranium mineIn June, the Canadian Nuclear Safety Commission will hold hearings about renewing the licence for Cameco’s McArthur River uranium mine, located in the Athabasca basin in Saskatchewan’s rugged far north cdnpoli cdnecon
Read more »
Indigenous soccer player from Van Isle signed to semi-pro soccer teamThompson Nelson, a member from the Dzawada̱ʼenux̱w First Nation, has signed to Nautsa'mawt FC, which is now owned by Hope and Health.
Read more »
For young adults, buying a home is still a means of forced savingsOnce you’re on the homeownership ladder, however, certain problems start working in your favour, instead of against you
Read more »