(Ottawa) The Governor of the Bank of Canada believes the central bank must do more to create meaningful economic opportunities for Indigenous peoples in Canada.
Tiff Macklem points out that labor markets and access to capital are among the economic problems facing indigenous peoples.
He says the Bank of Canada has a mandate to promote the economic and financial well-being of all in Canada, which means the central bank can play a key role in promoting economic reconciliation with Indigenous peoples.
In brief remarks at a virtual event on Indigenous economies, Macklem said the central bank plans to work with Indigenous groups to define what the Bank of Canada can do to help.
He says the bank will look to existing and new partners to guide the central bank towards a common understanding of what its role should be in the future.
Monday’s event is part of the work the central bank is undertaking alongside New Zealand and Australian central banks and indigenous groups to discuss and raise awareness of indigenous economic and financial issues.