Economy
“Ownership is Reconciliation” Indigenous Resource Network rebrands to emphasize shift in focus
News release submitted by the Indigenous Resource Network
Indigenous Resource Network Launches Ownership is Reconciliation
The Indigenous Resource Network (IRN) is proud to unveil its latest “Ownership is Reconciliation” Campaign, marking a transformative shift in focus and rebrand from its original “Ownership Changes Everything” campaign.
This new initiative aims to convey the compelling story of Indigenous ownership in resource projects, resonating with a diverse audience including social media, supporters, and fellow Indigenous organizations. “We initiated the ‘Ownership Changes Everything’ campaign to showcase the positive impact of Indigenous ownership in resource projects. The response has been overwhelming, with strong resonance among policy makers, industry, and Indigenous communities” shared John Desjarlais, Executive Director of IRN.
Central to the campaign’s mission is enlightening Canadians about the pivotal role Indigenous ownership plays in advancing the path to reconciliation. As part of this campaign, IRN advocates for the formation of a National Indigenous Guaranteed Loan program, empowering Indigenous communities with crucial access to capital required for equitable participation in major projects nationwide. Desjarlais elaborated, stating, “While it may not be a cure for all of the issues we see in our communities, it is an essential step in revitalizing funding opportunities for Indigenous development. We are heartened by the industry’s resounding support for a national program, as it de-risks projects and facilitates the vital capital Indigenous communities need to pursue ownership.”
IRN invites all stakeholders, Indigenous and non-Indigenous alike, to join forces in promoting a future where reconciliation and resource development harmoniously converge, generating sustainable employment opportunities and fostering shared prosperity for all.
Most Indigenous people support resource development: poll
In the polarized “environment versus economy” debate we’re having, there’s often an assumption, or an assertion, that Indigenous peoples are mostly against resource development. This is manifested in blockades, protests at legislatures and university campuses, and cries from activists that they stand in solidarity with Indigenous people when they stand against mining, oil and gas,
commercial fishing, hydro, and forestry projects.
For those familiar with the matter, this has always been a bit puzzling. Resource development is often the biggest economic driver of Indigenous communities, since it provides revenues for nations and well-paying jobs closer to home. Indigenous businesses are 40 times more likely to be involved in the extractive industry than Canadian ones.
There are absolutely cases where Indigenous nations have had disputes with resource companies, and when their rights have been disrespected. But this is not the same as being against resource development in principle. The public discussion of the issue has failed to grasp that key distinction: Indigenous peoples are not generally opposed to development; they are opposed to not being included, and they are against assuming risks without reaping any of the rewards.
To test that assumption, the Indigenous Resource Network, a platform for Indigenous workers and business owners involved in resource development, commissioned a poll by Environics Research. A total of 549 self-identified First Nations, Metis, and Inuit people living in rural areas or on reserves across Canada were interviewed by telephone between March 25 and April 16.
The poll found that a majority, 65 per cent, said they supported natural-resource development, while only 23 per cent were opposed. When asked how they’d feel if a new project were proposed near their own community, supporters outweighed opponents 2 to 1 (54 to 26 per cent). Not surprisingly, support was higher among working-age (35- to 54-year-old) respondents (70 per cent) than younger ones (18- to 34-year-olds, at 56 per cent), while Indigenous men were more likely to oppose resource development (28 per cent) than Indigenous women (19 per cent).
When asked more specifically about types of resource development, most supported both mining (59 per cent in favour versus 32 per cent opposed) and oil and gas development (53 per cent for, versus 41 per cent against). The main reason they cited was the “urgent priority” of access to health care that comes with economic development and jobs. They said other issues, such as governance, education, traditional activities, and federal transfers, were less important.
All this indicates a path toward greater social licence by Indigenous peoples to develop resources. For many respondents, their support hinges on the likely costs and benefits to them and their communities, as it does for most people. Respondents were more likely to support a project if it used best practices to: protect the environment (79 per cent), ensure safety (77 per cent), and benefit the community economically, such as by providing jobs and business opportunities (77 per cent). Interestingly, community consultation (69 per cent) and consent (62 per cent) were not as important, even though the public discourse tends to emphasize them.
Perhaps the most important finding was that the more a respondent thought he or she knew about the issue, the more he or she was likely to support resource development. Those who work in the industry or who discuss it beyond social media have a much better understanding of what’s needed for a project to get approved, the standards that must be adhered to, and the reclamation that must occur when a project is complete or decommissioned. For them, it’s more than saying yes or not to resource development; it’s about ensuring projects meet the highest possible standards.
The relationship between the resource sector and Indigenous communities isn’t perfect. But it’s economically important, and we would be well served by improving, not severing it. It’s high time we pushed the discussion about Indigenous peoples and resource development past polarizing and simplistic slogans. We hope this poll does just that. Most Indigenous peoples support resource development when high environmental standards are applied and good jobs and economic benefits follow. Let’s ensure that’s the case with every project.
Business
Carney government should retire misleading ‘G7’ talking point on economic growth
From the Fraser Institute
By Ben Eisen and Milagros Palacios
If you use the more appropriate measure for measuring economic wellbeing and living standards—growth in per-person GDP—the happy narrative about Canada’s performance simply falls apart.
Tuesday, Nov. 4, the Carney government will table its long-awaited first budget. Don’t be surprised if it mentions Canada’s economic performance relative to peer countries in the G7.
In the past, this talking point was frequently used by prime ministers Stephen Harper and Justin Trudeau and their senior cabinet officials. And it’s apparently survived the transition to the Carney government, as the finance minister earlier this year triumphantly tweeted that Canada’s economic growth was “among the strongest in the G7.”
But here’s the problem. Canada’s rate of economic growth relative to the rest of the G7 is almost completely irrelevant as an indicator of economic strength because it’s heavily influenced by Canada’s much faster rate of population growth. In other words, Canada’s faster pace of overall economic growth (measured by GDP) compared to most other developed countries has not been due to Canadians becoming more productive and generating more income for their families, but rather primarily because there are more people in Canada working and producing things.
In reality, if you use the more appropriate measure for measuring economic wellbeing and living standards—growth in per-person GDP—the happy narrative about Canada’s performance simply falls apart.
According to a recent study published by the Fraser Institute, if you simply look at total economic growth in the G7 in recent years (2020-24) without reference to population, Canada does indeed look good. Canada’s economy has had the second-most total economic growth in the G7 behind only the United States.
However, if you make a simple adjustment for differences in population change over this same time, a completely different picture emerges. Canada’s per-person GDP actually declined by 2 per cent from 2020 to 2024. This is the worst five-year decline since the Great Depression nearly a century ago. And on this much more important measure of wellbeing, Canada goes from second in the G7 to dead last.
Due to Canada’s rapid population growth in recent years, fuelled by record-high levels of immigration, aggregate GDP growth is quite simply a misleading economic indicator for comparing our performance to other countries that aren’t experiencing similar increases in the size of their labour markets. As such, it’s long past time for politicians to retire misleading talking points about Canada’s “strong” growth performance in the G7.
After making a simple adjustment to account for Canada’s rapidly growing population, it becomes clear that the government has nothing to brag about. In fact, Canada is a growth laggard and has been for a long time, with living standards that have actually declined appreciably over the last half-decade.
Business
Bank of Canada governor warns citizens to anticipate lower standard of living
From LifeSiteNews
“Unless something changes, our incomes will be lower than they otherwise would be.”
Bank of Canada Governor Tiff Macklem gave a grim assessment of the state of the economy, essentially telling Canadians that they should accept a “lower” standard of living.
In an update on Wednesday in which he also lowered Canada’s interest rate to 2.25 percent, Macklem gave the bleak news, which no doubt will hit Canadian families hard.
“What’s most concerning is, unless we change some other things, our standard of living as a country, as Canadians, is going to be lower than it otherwise would have been,” Macklem told reporters.
“Unless something changes, our incomes will be lower than they otherwise would be.”
Macklem said what Canada is going through “is not just a cyclical downturn.”
Asked what he meant by a “cyclical downturn,” Macklem blamed what he said were protectionist measures the United States has put in place such as tariffs, which have made everything more expensive.
“Part of it is structural,” he said, adding, “The U.S. has swerved towards protectionism.”
“It is harder to do business with the United States. That has destroyed some of the capacity in this country. It’s also adding costs.”
Macklem stopped short of saying out loud that a recession is all but inevitable but did say growth is “pretty close to zero” at the moment.
While some U.S. protectionist measures put in place by President Donald Trump have impacted Canada, the reality is that since the Liberals took power in 2015, first under former Prime Minister Justin Trudeau and now under Mark Carney, government spending has been out of control, according to experts. Rising inflation is rampant.
Canadian taxpayers are already dealing with high inflation and high taxes, in part due to the Liberal government overspending and excessive money printing, and even admitting that giving money to Ukraine comes at the “taxpayers’” expense.
As reported by LifeSiteNews, Carney boldly proclaimed earlier this week that his Liberal government’s upcoming 2025 budget will include millions more in taxpayer money for “SLGBTQI+ communities” and “gender” equality and “pride” safety.
As reported by LifeSiteNews, the Canadian Taxpayers Federation (CTF) recently blasted the Carney government for spending $13 million on promotional merchandise such as “climate change card games,” “laser pens and flying saucers,” and “Bamboo toothbrushes” since 2022.
Canadians pay some of the highest income and other taxes in the world. As reported by LifeSiteNews, Canadian families spend, on average, 42 percent of their income on taxes, more than food and shelter costs. Inflation in Canada is at a high not seen in decades.
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