{"id":11177,"date":"2025-05-02T04:56:40","date_gmt":"2025-05-02T04:56:40","guid":{"rendered":"https:\/\/www.rbc.com\/en\/?post_type=rbc_tl&#038;p=11177\/"},"modified":"2025-05-05T05:09:30","modified_gmt":"2025-05-05T05:09:30","slug":"central-to-growth-how-indigenous-equity-can-be-a-source-of-strength-for-canada","status":"publish","type":"rbc_tl","link":"https:\/\/www.rbc.com\/en\/thought-leadership\/uncategorized\/thought-leadership\/central-to-growth-how-indigenous-equity-can-be-a-source-of-strength-for-canada\/","title":{"rendered":"Central to Growth:\u00a0How Indigenous equity can be a source of strength for Canada"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-b-hlf mob-pad-b-hlf\" style=\"border-radius:0x\">\n<p>All eyes were on the election this week\u2014but something else remarkable was taking place, too. Many of the country\u2019s top Indigenous leaders came to Toronto, and Bay Street, to see how we can better mobilize capital for Indigenous-partnered projects. These conversations are central to the questions we\u2019re grappling with as a country\u2013including reimagining our relationship with our closest ally and building up our economic strength.<\/p>\n\n\n\n<p>The two outcomes\u2014of the election and economic reconciliation\u2014are closely related. Indeed, our economy and trade won\u2019t grow and diversify if we don\u2019t ensure a lot more Indigenous ownership. That was the focus of the annual First Nations Major Projects Coalition Conference, in Toronto, which drew nearly 2,000 people to explore the future of Indigenous capital\u2014and how it is a source of strength for Canada in an increasingly competitive world.<\/p>\n\n\n\n<p>Here\u2019s some of what we took away, and questions we need to keep asking:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>From critical minerals to hydro and natural gas, Canada\u2019s ability to build resource projects at speed and scale will come down to 3Cs: capital, capacity and consent. Can we develop those together?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Our research shows that there is an Indigenous equity opportunity of close to $100 billion over the next decade. How can governments mobilize concessional tools to attract more private capital?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Government loan guarantees are in fashion, with the Carney government committing to double its program to $10 billion and Ontario using the conference to announce a tripling of its program to $3 billion. How can those programs be better coordinated and implemented at a faster click?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><ol class=\"sp-list\" style=\"font-family: Roboto, Arial, Helvetica, sans-serif;font-size: 18px\"><li style=\"margin-bottom: 20px\">Equity may not be the most appropriate tool for some communities. Can we also promote new debt instruments, royalty models and procurement agreements for communities to invest in?<\/li><\/ol><\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Indigenous capital is being built up quickly\u2013from project participation to trust settlements. What structures can help us pool this capital\u2013and reinvest returns back into Indigenous Nations?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Most communities need a lot more capacity\u2014from finance to engineering and legal\u2014to make these deals and projects work. In fact, our research suggests close to 85% of these projects may be unrealized without plugging the capacity gap. How can we invest more in scholarships, training, work placements and exchanges\u2014for companies as well as communities?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Capital and capacity are useless without consent, which is more than a one-off vote, or signature. Can we develop accepted, non-binding approaches to consent that allow both parties to develop and deepen their trust and confidence?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Voice is a critical part of consent. How do we know if each partner feels they have a respected voice?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Time is of the essence. Can companies and communities create clearer approaches to timelines, and time expectations, for projects?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p><ol class=\"sp-list\" style=\"font-family: Roboto, Arial, Helvetica, sans-serif;font-size: 18px\"><li style=\"margin-bottom: 20px\">Uncertainty is the enemy of investment. Can co-developed models for Indigenous consent become one of Canada\u2019s advantages with global investors?<\/li><\/ol><\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Indigenous priorities are not diversity issues\u2014they undergird the Constitution of our country and how our country is constituted. How can we more boldly state that Indigenous partnerships are a foundational part of operating in Canada?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item mar-l mob-mar-l\">\n<p>Small businesses and projects tend to be excluded from these major project conversations, and yet are crucial for the success of our economy. How should we better raise capital for small business collectives and projects?<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p><em><strong>John Stackhouse<\/strong>,&nbsp;Senior Vice-President, Office of the CEO, RBC<\/em><\/p>\n\n\n\n<p><em><strong>Varun Srivatsan<\/strong>,&nbsp;Director, Policy and Strategic Engagement<\/em><\/p>\n\n\n\n<p class=\"mar-b-0 mob-mar-b-0\"><strong>Read More:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/thoughtleadership.rbc.com\/building-together-how-indigenous-economic-reconciliation-can-fuel-canadas-resurgence\/\">Building Together: How Indigenous economic reconciliation can fuel Canada\u2019s resurgence<\/a><\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":79,"featured_media":11178,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"disable_focal_point":true,"featured_image_focal_point":{"x":0.5,"y":0.5},"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"rbc_tl_category":[197],"rbc_tl_tag":[160],"class_list":["post-11177","rbc_tl","type-rbc_tl","status-publish","has-post-thumbnail","hentry","rbc_tl_category-thought-leadership","rbc_tl_tag-indigenous"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central to Growth:\u00a0How Indigenous equity can be a source of strength for Canada - RBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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