A senior Bank of Canada official says the central bank will reach out to Indigenous groups over the next two years to help it define what economic reconciliation means and what its role should be.
In a speech to the Indigenous Prosperity Forum in Gatineau, Que., deputy governor Lawrence Schembri says the central bank will look to its existing partners – and, hopefully, new ones – for help.
Indigenous peoples face many barriers to accessing financial services including credit and capital that non-Indigenous Canadians do not.
OBJ360 (Sponsored)

uOttawa’s Desjardins Elevator Pitch Competition shows student entrepreneurship is booming
Éric Nelson says there’s something in the air these days at uOttawa regarding entrepreneurship. “You see it in the numbers, but also the attitude of students towards entrepreneurship,” explains the

uOttawa’s Desjardins Elevator Pitch Competition shows student entrepreneurship is booming
Éric Nelson says there’s something in the air these days at uOttawa regarding entrepreneurship. “You see it in the numbers, but also the attitude of students towards entrepreneurship,” explains the
Schembri says the challenges are the direct result of colonial policies that have led to geographic and economic isolation, financial dependence and widespread poverty and suffering.
However, he says work has started to help reduce the barriers to financial inclusion.
Schembri says the central bank hopes it can take a meaningful step toward building trust and strengthening its relationship with Indigenous peoples.