First Nations owed over $100B under 1850 Ontario treaty: Nobel-winning economist – National Post

Feb 07, 2023

Joseph Stiglitz is testifying in a Sudbury, Ont., courtroom why First Nations may have been short-changed under a revenue-sharing treaty signed in 1850

He is a Nobel prize winner, former vice president of the World Bank and one of the globe’s most famous economists.

And this week Joseph Stiglitz is testifying in a Sudbury, Ontario courtroom, explaining why First Nations in the province’s centre-north may have been short-changed by more than $100 billion under a revenue-sharing treaty signed in 1850.

he star economist’s appearance is the latest highlight in an intriguing battle over a 19th-century agreement that the courts have already said was given short shrift by governments — to the detriment of Indigenous people.

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