{"id":23646,"date":"2022-07-08T19:44:53","date_gmt":"2022-07-08T19:44:53","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/08\/ipetca-signals-end-of-european-way-of-doing-business\/"},"modified":"2022-07-08T19:44:53","modified_gmt":"2022-07-08T19:44:53","slug":"ipetca-signals-end-of-european-way-of-doing-business","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/08\/ipetca-signals-end-of-european-way-of-doing-business\/","title":{"rendered":"IPETCA signals end of &#8216;European&#8217; way of doing business"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> News <\/li>\n<li class=\"breadcrumbs__item\"> FP Economy <\/li>\n<\/ol>\n<\/nav>\n<p class=\"article-subtitle\"> IPECTA could be a &#8216;model&#8217; for a world in ecological crisis, because it &#8216;takes trade in a different direction&#8217; <\/p>\n<figure class=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp 2x\" type=\"image\/webp\"\/><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg 2x\" type=\"image\/jpeg\"\/><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp 2x\" type=\"image\/webp\"\/><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg 2x\" type=\"image\/jpeg\"\/><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/indigenous-vw-0708.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp 2x\" type=\"image\/webp\"\/><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Canada, Australia, Taiwan, and New Zealand recently launched a trade arrangement that commits to better integrate Aboriginal businesses into the global economy.<\/span> <span class=\"credit\">Photo by Shannon VanRaes\/Reuters<\/span> <\/figcaption><\/figure>\n<\/header>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Wayne Garnons-Williams, a trade lawyer from Moosomin First Nation in Saskatchewan, has had enough of the \u201cEuropean\u201d way of doing business. Exhausting resources at the cheapest possible cost benefits a company\u2019s shareholders and no one else, he said. \u201cThat\u2019s not the only method out there. It happens to be the European method. And look at what it\u2019s got us. Yes, it\u2019s got us a vibrant economy. But at what cost? What environmental cost?\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment6987400390049442487625473558278729\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment6987400390049442487625473558278729\">Advertisement 2<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Garnons-Williams was the lead Canadian Indigenous representative at the negotiations that resulted in the Indigenous Peoples Economic and Trade Cooperation Arrangement (IPETCA). A small group of countries with fraught histories of Indigenous relations \u2014 Canada, Australia, Taiwan, and New Zealand \u2014 came together on June 24 to launch the arrangement, and in doing so, committed to better integrating Aboriginal businesses into the global economy.<\/p>\n<p>IPETCA could do more than just boost exports from First Nations such as Moosomin, a community of about 2,000 on- and off-reserve members that control nearly five million acres north of North Battleford, according to the nation\u2019s website.<\/p>\n<figure class=\"embedded-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"The Moosomin First Nation welcome sign.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/moosomin-vw0708.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> The Moosomin First Nation welcome sign.<\/span> <span class=\"credit\">Photo by Matt Smith\/Saskatoon StarPhoenix<\/span> <\/figcaption><\/figure>\n<p>The new pact could be a \u201cmodel\u201d for a world in ecological crisis, because it \u201ctakes trade in a different direction,\u201d said Garnons-Williams, who thinks the world would be different if colonizers had sought to incorporate their belief in capitalism and rapid industrialization with the worldview of the Indigenous peoples.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment1634024439550764548658065194288046\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1634024439550764548658065194288046\">Advertisement 3<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>According to Indigenous thought, \u201cwe\u2019re not at the top of the apex looking down on the rest of the world, and we\u2019re not superior to the animals and the trees, and all living beings,\u201d Garnons-Williams said. \u201cWe live within the biosphere. We rely on it. And so Indigenous philosophy is that we have a responsibility to give back and to take only what you need when you use the resource.\u201d<\/p>\n<p data-async=\"\">International power brokers such as European Central Bank president Christine Lagarde and Royal Bank of Canada chief executive Dave McKay have endorsed this green worldview. McKay\u2019s institution, the country\u2019s biggest company by market capitalization, produced a report earlier this year that argued involving Indigenous communities could accelerate Canada\u2019s efforts to create an economy that generates no net carbon emissions. Among the report\u2019s assertions: \u201cIncorporating Indigenous values and traditional knowledge in the transition will lead to more sustainable and profitable outcomes.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment9506935129491681091381274705291046\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment9506935129491681091381274705291046\">Advertisement 4<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>The recognition is centuries too late, and hardly makes up for the pain European settlers and their descendants inflicted on millions of people, but Indigenous people are finally getting a say in how the world works.<\/p>\n<blockquote>\n<p>(IPETCA) ensures that the interests of the Indigenous people be the first thought, and not an afterthought<\/p>\n<p>Lisa Smith<\/p>\n<\/blockquote>\n<p>\u201c(IPETCA) ensures that the interests of the Indigenous people be the first thought, and not an afterthought,\u201d Lisa Smith, president of the M\u00e9tis Nation of British Columbia, said at the IPETCA endorsement ceremony in June. \u201cAs we all know, Indigenous people are quite often an afterthought.\u201d<\/p>\n<h2>History of exclusion<\/h2>\n<p>To be sure, IPETCA is still more of a philosophy than an official trade agreement. At the moment, it lacks concrete policy measures. The initial signatories insist the policies will come, and that the process will be entrusted to Indigenous people themselves. \u201cThis is going to be by Indigenous people, for Indigenous people, and they\u2019re going to be the ones to tell us what it is that they need,\u201d said Mary Ng, Canada\u2019s trade minister.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment7584059802830638567854704221601212\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment7584059802830638567854704221601212\">Advertisement 5<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">One thing Canada\u2019s Indigenous people require, undoubtedly, is capital. First Peoples lack access to the traditional banking system, a direct result of colonial policies, former Bank of Canada deputy governor Lawrence Schembri said in a speech in May. He highlighted Section 89 of the Indian Act, which prevented Indigenous people from accessing credit.<\/p>\n<p>\u201c(IPETCA) addresses the longstanding history of Indigenous exclusion from the economies based on the deliberate isolationist policies,\u201d Garnons-Williams said. \u201cAnd that story can be retold in New Zealand, in Australia, in the United States, in Chinese Taipei \u2014 you name it.\u201d<\/p>\n<blockquote>\n<p>(IPETCA) addresses the longstanding history of Indigenous exclusion from the economies based on the deliberate isolationist policies<\/p>\n<p>Wayne Garnons-Williams<\/p>\n<\/blockquote>\n<p data-async=\"\">In New Zealand, the British Crown purchased the land of the Indigenous M\u0101ori for unfair prices, reducing M\u0101ori landownership to just 17 per cent of what it had been in the pre-colonial era. Their Australian neighbours did not fare much better. They were also displaced from their lands, and, during the Stolen Wages period of the 1800s to 1970s, were subjected to slave labour in exchange for rations. The Taiwanese Indigenous people lost much of their land to the Chinese, until finally the Japanese terminated Indigenous land rights altogether in 1895.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment3174531911479792318715515475688301\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment3174531911479792318715515475688301\">Advertisement 6<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">It\u2019s no surprise, then, that today, Indigenous people are economically disadvantaged. The M\u0101ori economy is referred to as a \u201cdeveloping economy within a developed economy.\u201d M\u0101ori are more likely to earn less, be unemployed, rent rather than own a home, and live in worse neighbourhoods compared to their non-Indigenous counterparts. Similarly, the Australian Aboriginal and Torres Strait Islander people, as well as the Indigenous Taiwanese, earn lower wages on average.<\/p>\n<p>Pending policy measures, whether IPETCA will be enough to counteract decades of systematic colonial economic oppression remains to be seen.<\/p>\n<figure class=\"embedded-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Traditional M\u0101ori dancers in New Zealand.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/maori-vw0708.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Traditional M\u0101ori dancers in New Zealand.<\/span> <span class=\"credit\">Photo by FRANCOIS XAVIER MARIT\/AFP\/Getty Images<\/span> <\/figcaption><\/figure>\n<p data-async=\"\">So far, the M\u0101ori are doing OK on their own. Despite the setbacks they have faced, the M\u0101ori have strength in numbers, and at 15 per cent of the population, are better positioned to push for political representation than their Australian Aboriginal neighbours, who comprise just three per cent of the population. The M\u0101ori own significant stakes in the New Zealand fishing, forestry, and farming industries, among others, and have amassed an estimated asset base of over $50 billion. It is just one example of the economic potential of Indigenous people when their political needs are taken into account.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment639438056454952983516430037668971\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment639438056454952983516430037668971\">Advertisement 7<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-7\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"7\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-7\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Canada\u2019s Aboriginal Peoples make up about five per cent of the population, according to the 2016 census. Some 50,000 Indigenous-owned companies contribute about $30 billion annually, according to Export Development Canada. That number is poised to grow, suggesting Indigenous Peoples will expand Canada\u2019s overall economic potential as they reclaim treaty rights long denied them. They have an estimated $20 billion in trust assets and up to $100 billion in outstanding land claims, and potentially $100 billion more in renewable energy and critical minerals on or near their lands, according to Royal Bank.<\/p>\n<p>\u201cIncorporating Indigenous values and traditional knowledge in the transition will lead to more sustainable and profitable outcomes,\u201d concluded the bank\u2019s report, written by a team that included John Stackhouse, a senior vice-president, and Cynthia Leach, assistant chief economist.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment8063652529845287326698900076456326\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment8063652529845287326698900076456326\">Advertisement 8<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-8\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"8\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-8\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<h2>\u2018Funding is an issue\u2019<\/h2>\n<p data-async=\"\">The Indigenous Seventh Generation Principle states that decisions taken today should result in a sustainable world seven generations into the future. The premise, which dates back to 1142 to 1500 AD, was dismissed along with other Indigenous teachings in the colonial era, and has now resurfaced amid the climate crisis. In a hypothetical scenario where IPETCA becomes the underlying principle of the world trading system, its central pillar would be \u201cthe understanding that there are limits to our resources,\u201d Garnons-Williams said. \u201cAnd that we need to factor in, as a form of economic math, that the cost of production should include giving back to that resource, to ensure that there are future resources down the line.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment1723967094152989306480880895573330\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1723967094152989306480880895573330\">Advertisement 9<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-9\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"9\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-9\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">For her part, Indigenous Canadian entrepreneur Nicole McLaren hopes IPETCA will secure access to mentorship. It\u2019s due to a lack of credible advice, she said, that she ran into issues when she was expanding her Kamloops, B.C.-based subscription gift box service, Raven Reads Ltd., to the United States. McLaren discovered she couldn\u2019t use the name \u201cRaven Reads\u201d for her U.S. subsidiary due to trademarking issues. \u201c\u200b\u200bHad we had a bit more hands-on coaching earlier on and someone to flag that, obviously we would have picked a different name and done our branding differently,\u201d she said. (McLaren renamed her U.S. subsidiary Maarsii, which means \u201cthank you\u201d in the M\u00e9tis language.)<\/p>\n<figure class=\"embedded-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Raven Reads founder Nicole McLaren.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/nicole-mclarenjpg.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Raven Reads founder Nicole McLaren.<\/span> <span class=\"credit\">Photo by Handout\/Raven Reads<\/span> <\/figcaption><\/figure>\n<p>And as Schembri, who retired from the central bank in June, observed in his speech earlier this year, capital is also a major issue for Indigenous entrepreneurs. Cindy Crowe, who runs Niibing Tribal Tours, a tourism company based out of Neebing, Ont., about 35 kilometres southwest of Thunder Bay, said she\u2019s being held back because it\u2019s difficult to round up financing to build the river crossing, gazebo, and other structures she needs to generate more income from visitors who come to tour the area.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment3076846986091026795271884511108629\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment3076846986091026795271884511108629\">Advertisement 10<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-10\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"10\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-10\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Money is especially tight now, Crowe said, given the federal government has removed pandemic-era wage subsidies even though the tourism industry has not recovered completely. \u201cI have the necessary mentorship I require through organizations like Indigenous Tourism Ontario,\u201d she said. \u201cHowever, funding is an issue. I need capital funding to develop structures on my property for my businesses. There is great demand and competition for the funding that is available.\u201d<\/p>\n<p>A vague trade arrangement will do little to help Crowe build her gazebo. But Indigenous scholar Wanda Wuttunee, who teaches in the department of Native Studies at the University of Manitoba, believes that input from Indigenous entrepreneurs should continue to determine IPETCA\u2019s trajectory. \u201cI think the biggest strength (of IPETCA)\u2026 is to see how front-and-centre Indigenous perspectives are,\u201d she said.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment3246101679304024506168936224425402\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment3246101679304024506168936224425402\">Advertisement 11<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-11\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"11\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-11\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>The arrangement, which was built with Indigenous contributions, is a milestone in the decades-long push for Aboriginal Peoples to participate in the economy as equals. \u201cBeing with us at the table, (the Indigenous people) determined what they wanted to succeed, and we listened, and we stood side by side with them,\u201d Ng said.<\/p>\n<p>It\u2019s a departure from the norm. Indigenous voices have generally been absent in much of the research Wuttunee has done on policy collaborations between the government, Indigenous Peoples, and other stakeholders. \u201cI want voices to be heard from the people that are going to be impacted by this, who are going to be involved in it,\u201d Wuttunee said. \u201cI want that to be honoured and respected.\u201d<\/p>\n<section aria-labelledby=\"moreTopicLabel3439480550611975478939967521800849\" class=\"more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\"> <button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/> <\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"A woman walks in Ahousaht in British Columbia. The National Indigenous Economic Strategy aims to create more opportunities for Indigenous people and their communities. &#10;\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/community-0606.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/community-0606.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/community-0606.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/community-0606.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> National Indigenous economic strategy launches in Canada on four pillars of people, lands, infrastructure and financing <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"None\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2021\/06\/Carol-Anne-Hilton-1-1.png?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2021\/06\/Carol-Anne-Hilton-1-1.png?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2021\/06\/Carol-Anne-Hilton-1-1.png?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2021\/06\/Carol-Anne-Hilton-1-1.png?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Indigenomics 101: A new voice shows how to make room for First Nations at the economic table <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Prime Minister Justin Trudeau. Assumptions about balanced budgets, the way the central bank sets interest rates and the value of free trade are all coming undone.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2020\/08\/trudeau-2.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2020\/08\/trudeau-2.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2020\/08\/trudeau-2.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2020\/08\/trudeau-2.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> The great rethink: Why Canada\u2019s three-decade-old approach to economic management needs an overhaul <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Khelsilem (Dustin Rivers), elected councillor and spokesperson for Squamish Nation responds to a Federal Court of Appeal ruling on the Kinder Morgan Trans Mountain Pipeline expansion, during a news conference in Vancouver on August 30, 2018. A Vancouver-area First Nation's decision to support the Woodfibre LNG project may have come as a surprise to some, considering the nation's role in helping to derail the Trans Mountain pipeline expansion earlier this year.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2018\/12\/NationEdited.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2018\/12\/NationEdited.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2018\/12\/NationEdited.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2018\/12\/NationEdited.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Environmental and economic development choices split Canada\u2019s First Nations <\/span> <\/h3>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/> <\/section>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment9198352213756945960887772699297970\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment9198352213756945960887772699297970\">Advertisement 12<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-12\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"12\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-12\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>But government institutions will need to walk the talk. As an editorial in the Taipei Times English-language newspaper notes, IPETCA will have a benefit only if governments act. \u201cIPETCA should be backed up by greater opportunities for Indigenous Peoples\u2019 economic participation at home,\u201d it said.<\/p>\n<p>Wuttunee believes there is a balance to be struck between Indigenous and Western perspectives. \u201cIt\u2019s not a one-way street, it\u2019s two-way.\u201d<\/p>\n<p>The approach is referred to by the Mi\u2019kmaq as \u201cetuaptmumk,\u201d or \u201ctwo-eyed seeing.\u201d It refers to seeing with one eye with \u201cthe strength of Indigenous stewardship, knowledge, and ways of knowing,\u201d and with the other eye, \u201cthe strength of Western tools and systems,\u201d the Royal Bank report said.<\/p>\n<p>Garnons-Williams concurred. He believes that going forward, the Western ideals of science and technology should be used for preservation, not for greed. IPETCA will pave the way for this \u201ccultural and philosophical sea change,\u201d because \u201cwe have to do something different,\u201d he said. \u201cWe can\u2019t continue on the way we\u2019ve been doing it.\u201d<\/p>\n<p data-async=\"\"><em>\u2022 Email: mcoulton@postmedia.com | Twitter: <a class=\"twitter-follow-button\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" link=\"\" href=\"https:\/\/twitter.com\/marisacoulton\" rel=\"nofollow noopener\" target=\"_blank\">marisacoulton<\/a><\/em><\/p>\n<p> <iframe loading=\"lazy\" frameborder=\"0\" height=\"1200\" id=\"\" src=\"https:\/\/modules.wearehearken.com\/financial-post\/embed\/9353\/share\" style=\"--height: 1200px; \" width=\"\"><\/iframe> <\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt=\"beforeunload\" data-evt-typ=\"page_scroll\" data-evt-val=\"{\" control_fields=\"\">\n<h2 class=\"visually-hidden\">Share this article in your social network<\/h2>\n<\/section>\n<div class=\"article-content__ad-group\">\n<div class=\"ad__section-border ad__section-border--category visually-hidden\">\n<section aria-describedby=\"advertisment9434298482900061273669140099818241\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment9434298482900061273669140099818241\">Advertisement <\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-acceptable\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-acceptable=\"\" data-ad-loc=\"1\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-acceptable\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n<div class=\"widget article-content__widget-group article-content__widget-group--slot1\">\n<section aria-labelledby=\"FinancialPostTopStories8805081935912206859473057415485336\" class=\"newsletter-widget fp-headlinenews\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\"><img decoding=\"async\" alt=\"Top Stories Newsletter logo\" class=\"newsletter-widget__logo newsletter-widget__logo--FP_HeadlineNews\" height=\"80\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/11.0.0\/websites\/images\/newsletters\/logo\/newsletter-envelope.svg\" width=\"97\"\/><\/p>\n<div class=\"newsletter-widget__body\">\n<h2 class=\"newsletter-widget__title\" id=\"FinancialPostTopStories8805081935912206859473057415485336\">Financial Post Top Stories<\/h2>\n<p class=\"newsletter-widget__text\">Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n<div class=\"js-replace-main\">  <small class=\"newsletter-widget__disclaimer text-size--micro\"> By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<h3 class=\"newsletter__feedback--heading\">Thanks for signing up!<\/h3>\n<p class=\"newsletter-widget__text\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text newsletter__feedback--last\">The next issue of Financial Post Top Stories will soon be in your inbox.<\/p>\n<\/p><\/div>\n<p class=\"newsletter-widget__text js-submit-error\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\"> We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n<footer aria-label=\"Article Comments\" class=\"article-footer\">\n<section class=\"comments__section\" id=\"comments\">\n<h3 class=\"widget-title comments-anchor\" id=\"comments-area\">Comments<\/h3>\n<p class=\"comments__section-disclaimer\"> Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications\u2014you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. 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