Trudeau announces $5B-loan guarantee program for Indigenous communities

Trudeau announces $5B-loan guarantee program for Indigenous communities
Prime Minister Justin Trudeau will be in Saskatoon today. Trudeau listens during an announcement at the University of Victoria, in Saanich, B.C., Friday, April 19, 2024.

Prime Minister Justin Trudeau says Canada is offering $5 billion in loan guarantees to support Indigenous communities seeking ownership stakes in natural resource and energy projects.

Trudeau says the program will help Indigenous peoples receive a fair share in Canada’s economic growth.

The prime minister is in Saskatoon for the announcement, which was part of last week’s budget.

He says Ottawa is also promising to spend millions of more dollars to help Indigenous communities with housing and health-care needs.

The budget promises $390 million to renovate health facilities, including support for the Virtual Health Hub led by the Saskatchewan Indian Institute of Technologies.

The budget also includes $918 million for housing and infrastructure on Indigenous communities.

This report by The Canadian Press was first published April 24, 2024.

The Canadian PressThe Canadian Press

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