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McKay Metis weathers COVID-19 fiscal storm with trust fund – CTV Edmonton

September 29, 2020

FORT MCMURRAY — As Alberta projects a $24.2 billion deficit for the fiscal year, the Fort McKay Metis Nation found itself prepared.

The current crisis fuelled by COVID-19 and last spring’s Saudi-Russian price war was a serious blow to the community, said McKay Metis President Ron Quintal.

Fortunately, the community had been regularly updating a trust fund, managed by the Royal Trust Company (RTC), since 2012.

The funds are used to support infrastructure programs and help struggling members.

It has funded everything from food hampers and health programs to social assistance and addictions programs. Even school fees have been covered.

Read More: https://edmonton.ctvnews.ca/mckay-metis-weathers-covid-19-fiscal-storm-with-trust-fund-1.5124551

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