RC119 JulyAugust 2025 - Magazine - Page 40
PEOPLE & EVENTS
EVENTS
A remote Market Open ceremony of the Toronto Stock Exchange from the session floor was held at FNMPC’s annual conference in Toronto.
TORONTO
INDIGENOUS NATIONS—both in Canada and
around the world—are increasingly in昀氀uencing global businesses, particularly in natural
resources and foreign investments.
The First Nations Major Projects Coalition
(FNMPC) 8th Annual Conference: Valuing
Reconciliation in Global Markets, o昀昀ered
in-depth knowledge-sharing on how Indigenous nations are leading the way for national
and international world markets, including
the conditions helping to make this happen.
The event welcomed over 1,700 Indigenous leaders, policymaker and industry and
opened with remarks from RBC’s president
and CEO, Dave McKay as well as Ontario
Premier Doug Ford.
Ford committed to working faster and
more directly with Indigenous partners and
announced an increase of $3 billion to the
Aboriginal Loan Guarantee Program.
FNMPC also released a new paper addressing the building of Indigenous-owned
electrical utilities in Canada.
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RENEW CANADA – JULY/AUGUST 2025
The research presented in “Indigenous
Utilities Paper: The Building of Indigenous-Owned Electrical Utilities in Canada,” takes the pulse of Indigenous utilities
on both sides of the Canada-US border.
Drawing on insights from existing Indigenous-owned utilities and other 昀椀eld experts,
it explores why Indigenous nations may
form a utility, a range of possible Indigenous
utility models, as well as what the barriers,
challenges and risks may be.
A remote Market Open ceremony of the
Toronto Stock Exchange from the session
昀氀oor was held along with an address from
TMX CEO John McKenzie.
“The TMX exists to make markets better,
to empower bold ideas, and we’re not doing
it well enough if we’re not doing it for Indigenous business as well,” said McKenzie.
“It’s built to support sustainable success,
and I’m so excited about that opportunity to
leverage that strength into further economic
reconciliation and help Indigenous busi-
nesses prosper and succeed the same way
so many Canadian businesses have over the
years.”
Delegates also heard from Hydro
Québec’s CEO Michael Sabia, who said the
energy transition is an opportunity to agree
to achieve greater social and economic fairness and at the same time to get important
things done in Canada, “And that seems to
us to be a path that’s worth pursuing.
“We believe that enduring, e昀昀ective partnerships have to be built on the foundations
of economic reconciliation. Now for us, that
idea means a number of things. It means
resolving the past. It means ensuring communities have a voice in the development
and design of projects. It means addressing
issues around procurement and employment
opportunity. It’s a big, inclusive concept, and
at its core, of course, our 昀椀nancial partnerships so that we can more reasonably than
we have in the past, share the economic
value of energy development.”
RENEWCANADA.NET
TMX GROUP
First Nations Major Project Coalition Annual Conference
