Assembly of First Nations, Ottawa confirm $47.8-billion deal on child welfare reform | Canada News Media
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Assembly of First Nations, Ottawa confirm $47.8-billion deal on child welfare reform

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MONTREAL – The AFN’s national chief confirmed today that the organization finalized a deal with Ottawa late Wednesday night to put $47.8 billion towards child-welfare reform.

Cindy Woodhouse Nepinak got cheers as she made the announcement on the floor of the annual general assembly in Montreal on Thursday.

At a later press conference, she underlined the emotions that underpin the agreement, which seeks to redress decades of discrimination.

“There has been so much pain and hurt and harm caused by this racist child-welfare policy in every one of our First Nations communities and our families,” she said.

The assembly is set to ratify the agreement, which would fund reforms over a 10-year period, at a special assembly in September.

After receiving criticism over the closed-door negotiations in the leadup to the announcement, Woodhouse Nepinak promised to listen to feedback.

“You have directed us to go and get a deal out of Canada. You’ve pushed us over and over again to continue to negotiate in a good way,” she told chiefs.

“I get direction from you. Not from agencies, not from AFN, not from staff, not from anybody else, but from chiefs.”

Indigenous Services Minister Patty Hajdu stood beside chiefs and shed a few tears as Woodhouse Nepinak said what a monumental agreement they had reached.

“It’s an attempt to bring some peace to families and to communities and to First Nations peoples who have experienced the tool of colonialism through what I would say is the most cruel policy, which is to separate families,” she said.

The deal is worth more than double what was originally promised for long-term reform in a settlement agreement that resulted from a hard-fought human-rights complaint over underfunding of child-welfare services.

The initial amount was slated at $20 billion. A separate $23 billion was set aside to compensate children and families harmed by the system.

Families who helped launched the initial court case stood with the minister and national chief as they shared the news.

Ontario Regional Chief Abram Benedict said the agreement marks a fundamental change in the relationship between First Nations and Ottawa.

“I can tell you that as part of the negotiating team, we are comfortable with the agreement that we have seen. Otherwise, we would have not put it forward,” he said, thanking Hajdu for her support. “This is revolutionary.”

He added that First Nations people will now begin the process of discussing the deal on its merits. “It is now in the hands of our communities.”

This report by The Canadian Press was first published July 11, 2024.

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One person dead, three injured and power knocked out in Winnipeg bus shelter crash

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WINNIPEG – Police in Winnipeg say one person has died and three more were injured after a pickup truck smashed into a bus shelter on Portage Avenue during the morning commute.

Police say those injured are in stable condition in hospital.

It began after a Ford F150 truck hit a pedestrian and bus shelter on Portage Avenue near Bedson Street before 8 a.m.

Another vehicle, a power pole and a gas station were also damaged before the truck came to a stop.

The crash forced commuters to be rerouted and knocked out power in the area for more than a thousand Manitoba Hydro customers.

This report by The Canadian Press was first published Sept. 13, 2024.

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Kamloops, B.C., man charged with murder in the death of his mother: RCMP

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KAMLOOPS, B.C. – A 35-year-old man has been charged with second-degree murder after his mother’s body was found near her Kamloops, B.C., home a year ago.

Mounties say 57-year-old Jo-Anne Donovan was found dead about a week after she had been reported missing.

RCMP says its serious crime unit launched an investigation after the body was found.

Police say they arrested Brandon Donovan on Friday after the BC Prosecution Service approved the charge.

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S&P/TSX gains almost 100 points, U.S. markets also higher ahead of rate decision

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets climbed to their best week of the year.

“It’s been almost a complete opposite or retracement of what we saw last week,” said Philip Petursson, chief investment strategist at IG Wealth Management.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

While last week saw a “healthy” pullback on weaker economic data, this week investors appeared to be buying the dip and hoping the central bank “comes to the rescue,” said Petursson.

Next week, the U.S. Federal Reserve is widely expected to cut its key interest rate for the first time in several years after it significantly hiked it to fight inflation.

But the magnitude of that first cut has been the subject of debate, and the market appears split on whether the cut will be a quarter of a percentage point or a larger half-point reduction.

Petursson thinks it’s clear the smaller cut is coming. Economic data recently hasn’t been great, but it hasn’t been that bad either, he said — and inflation may have come down significantly, but it’s not defeated just yet.

“I think they’re going to be very steady,” he said, with one small cut at each of their three decisions scheduled for the rest of 2024, and more into 2025.

“I don’t think there’s a sense of urgency on the part of the Fed that they have to do something immediately.

A larger cut could also send the wrong message to the markets, added Petursson: that the Fed made a mistake in waiting this long to cut, or that it’s seeing concerning signs in the economy.

It would also be “counter to what they’ve signaled,” he said.

More important than the cut — other than the new tone it sets — will be what Fed chair Jerome Powell has to say, according to Petursson.

“That’s going to be more important than the size of the cut itself,” he said.

In Canada, where the central bank has already cut three times, Petursson expects two more before the year is through.

“Here, the labour situation is worse than what we see in the United States,” he said.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

— With files from The Associated Press

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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