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Buying back Canada: Indigenous investors are no longer small-time players – The Toronto Star

Indigenous communities are using their resources to buy companies and infrastructure that will generate the money needed to determine their destiny.

Last week’s sale of a $1.12 billion stake in seven Alberta pipelines to First Nation and Métis communities is one of the most important milestones in Canadian economic history.

The acquisition of the Enbridge pipeline shares by Athabasca Indigenous Investments, which is owned by almost two dozen Treaty 6 and Treaty 8 First Nations and Métis governments, reinforces two important patterns: Indigenous economic engagement with the energy sector, and the growing Indigenous presence in Canadian prosperity.

Three decades ago it was news whenever a First Nations, Métis or Inuit purchased a small-town gas station, hotel or retail store (typically in an Indigenous community). For years, Inuit art sales were one of Canada’s few sustained Indigenous commercial ventures that supported artistic expression, community development and personal incomes.

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