Ottawa, Unceded Algonquin Territory, Ontario, May 30, 2024 /CNW/ – On Monday, the Honorable Patty Hajdu, Minister of Indigenous Services, hosted an Economic Reconciliation Roundtable at the Bank of India. Canada Consultations between Indigenous leaders from national Indigenous organizations and economic institutions, executives from Canada's banking and financial sector, and federal ministers and senior officials to identify opportunities to reduce economic barriers for Indigenous people and advance economic reconciliation.
The dialogue focused on exploring concrete solutions to enable Indigenous peoples to access affordable capital and pursue their economic vision for the future. Participants proposed practical solutions to overcome the barriers they face. Indian ActThey also gained a better understanding of the factors that financial institutions consider in their existing risk assessment practices and explored what immediate steps can be taken to access affordable capital. The roundtable discussions further strengthened our commitment to economic reconciliation and the relationships that support it.
The Honourable Chrystia Freeland, Deputy Prime Minister, attended the roundtable and moderated a session with participants on the Indigenous Loan Guarantee Program announced in Budget 2024.
The meeting was a continuation of discussions that began at the first Economic Reconciliation Roundtable hosted by Minister Hajdu. February 8, 2024Participants noted that both governments and the private sector have important roles to play in providing tools and programs that support Indigenous economic visions.
As part of Canada's In keeping with its commitment to advancing economic reconciliation, Indigenous Services Canada is working with Indigenous partners to develop a comprehensive economic reconciliation framework.
The Framework will help align economic development programs and policies across government and reflect the clear priorities identified by First Nations, Inuit and Métis communities and representative organizations through their respective engagement processes. Central to the development of this Framework is the opportunity for First Nations to identify their economic priorities and develop proposals to realize their vision of economic prosperity and well-being.
The roundtable aligns with other efforts by Indigenous Services Canada to increase sourcing opportunities for Indigenous suppliers, including the collaborative development of a Transformative Indigenous Procurement Strategy and the Government of Canada's Indigenous Procurement Initiative. Canada's A commitment to implementing the Government's 5 percent Indigenous procurement target. The Transformative Indigenous Procurement Strategy aims to increase procurement opportunities for Indigenous businesses and determine a pathway to transfer management of the Indigenous Business Directory to partners. The Indigenous Business Directory aims to enable Indigenous businesses to participate more easily in contracting opportunities and increase engagement between the private sector, government and members. Canadaand Native American-owned businesses in the county.
Roundtable participants Cindy Woodhouse NepinakNational Chief of the Assembly of First Nations. Cassidy CaronChair of the Métis National Council. Nathan ObedInuit President Tapiriit Kanatami Scott MunroDeputy CEO, First Nations Financial Management Board. Ernie DanielsPresident and CEO of the First Nations Finance Authority. Saga WilliamsSenior Advisor, External Relations, First Nations Major Projects Coalition. Corey McDougalChief Operating Officer, National Association of Native American Capital Corporations. Dawn Madhabi LeechChair, National Indigenous Economic Development Commission Stephen MorseCEO, Metis Voyageur Development Fund Inc. Bill LomaxPresident and CEO, First Nations Bank of America Canada; Stuart McKellarChief Legal and Sustainability Officer and Corporate Secretary at ATB Financial. Dan AdamsHead of Indigenous Banking at BMO, Jamie Rickards, Senior Vice President, Indigenous Markets at CIBC, Penny Feibel, President and Vice President, Indigenous Relations and Sustainability at Hydro One Remotes, Shawn St. JohnExecutive Vice President and Managing Director of National Bank. John StackhouseSenior Vice President, Royal Bank Canada; John DavieVice President, Indigenous Financial Services, Scotiabank; Carolyn RogersSenior Vice President, Bank of America Canada; Isabel HudonPresident of Business Development Bank Canada; Ehren CoreyCEO of Canada Infrastructure Bank, and the Honourable Patty Hajdu, Minister of Indigenous Services; Gina WilsonDeputy Minister of Indigenous Services Canada Michelle KovacevichDeputy Permanent Secretary, Department of Indigenous Services Canada; Jeff LaBonte, Deputy Permanent Secretary, Department of Natural Resources Canada; Manny JulesChief Commissioner of the Aboriginal Taxation Commission. Shawn Souniasvice-president of Indigenous relations at Canada Agriculture Credit Corporation. Valerie GideonDeputy Minister of Crown Indigenous Relations and Northern Affairs of Canada, Blaine Favell, Assembly of First Nations, and Tiff Macklem, Governor of the Bank of Canada Canada; Suzie McDonaldEtienne Rene Massy, Deputy Minister of Finance, and François P.Philippe ChampagneMinister for Innovation, Science and Industry, Chief Lance HaymondProject Director of the Yannonchia Housing Finance Initiative. Michael KellyOMERS Chief Legal and Sustainability Officer, His Excellency Gary Anandasangaree, Minister of Crown-Indigenous Relations; Chrystia FreelandDeputy Prime Minister.
Stay connected
Join the conversation about Indigenous peoples Canada:
X: GC Natives
Facebook: @GCIndigenous
Instagram: @GCIndigenous
Receive our Centre's news releases and speeches via an RSS feed. For more information or to register, visit www.isc.gc.ca/RSS.
Source: Indigenous Services Canada
To download multimedia, view the original content: http://www.newswire.ca/en/releases/archive/May2024/30/c1596.html
