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Hargrave defends Indigenous investment fund after losing out on millions – 620

by ahnationtalk on March 10, 202053 Views

March 09, 2020

Crown Investing Corporation Minister Joe Hargrave shared that the First Nations and Metis Fund was meant to encourage and engage Indigenous people in the full economy despite the government losing over $8 million from the project.

For Hargrave, he said the most important aspect was about creating success stories and not about making money. This comes after the Saskatchewan NDP stated that the move was a gamble on taxpayer dollars.

Minister Hargrave said it was developed to give people a leg up in the economy, but also presented risks when considering problems like the downturn in the oil and gas sector and the downturn in potash prices.

“It was set up by the former government and they knew it was higher risk. We knew when we took over it was still a higher risk,” suggested Hargrave. “But we had to do something to encourage First Nations communities across the province to get involved.”

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