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Lack of capital for major project investments cited by Indigenous business panel

Construction of the Trans Mountain pipeline is underway in Kamloops, B.C., Tuesday, Sept. 1, 2020. THE CANADIAN PRESS Jonathan Hayward CALGARY- A panel of Indigenous business leaders says limited and slow access to capital is a major barrier to their First Nations’ ability to take an ownership role in the ...

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Telling COVID’s story: At UN, leaders spin virus storylines 

In this photo provided by the United Nations, South African President Cyril Ramaphosa speaks in a pre-recorded message played during the 75th session of the United Nations General Assembly, Tuesday, Sept. 22, 2020, at U.N. headquarters in New York. The U.N.’s first virtual meeting of world leaders started Tuesday with ...

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Racism and bias `alive and well’ in federal procurement dealings, Indigenous entrepreneur says 

By Sam Laskaris, Local Journalism Initiative Reporter Four panelists at a presentation held on Wednesday during the Canadian Council for Aboriginal Business (CCAB) online Business Recovery Forum said the federal government’s procurement strategy is not only failing Indigenous entrepreneurs, it’s wasting their precious time and resources. It’s no secret that ...

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Businesses gain by building stronger relationships with First Nations, says Ontario Regional Chief

By Andrew Autio Local Journalism Initiative Reporter THE DAILY PRESS The next step for the reconciliation of First Nations people is business ownership, including mines, according to Ontario Regional Chief RoseAnne Archibald of the Taykwa Tagamou Nation near Cochrane. At Wednesday’s 71st-annual general meeting of the Timmins Chamber of Commerce, ...

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About $1 billion of mortgage payments deferred each month during pandemic: CMHC

By Anita Balakrishnan OTTAWA- About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday. The calculation, released in CMHC’s annual residential mortgage industry report, is based on Equifax Canada’s estimate that the average monthly mortgage payment in Canada ...

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Fed survey finds widespread pessimism about economic future 

By Martin Crutsinger THE ASSOCIATED PRESS WASHINGTON- The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus. The Fed report made public Wednesday said that a theme echoed across the country is ...

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Rio Tinto CEO loses $3.5M over destroyed Australian indigenous sites 

By Rod McGuirk THE ASSOCIATED PRESS CANBERRA, Australia- Rio Tinto chief executive Jean-Sebastien Jacques will lose around $3.5 million in bonuses due to the destruction of Australian indigenous sacred sites to access iron ore, the mining company said on Monday. The Anglo-Australia mining giant announced that three executives would lose ...

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Chinese miner hires Canadian CEO as review continues on Nunavut gold mine buy

TORONTO-The Chinese company trying to buy TMAC Resources Ltd. has appointed a Barrick Gold Corp. veteran as CEO of its Canadian operations even though the deal is still being reviewed by Ottawa. Hong Kong-traded Shandong Gold Mining Co. Ltd. says it has appointed Mark Wall as CEO of Streamers Gold ...

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