Showing posts sorted by date for query ALBERTA PENSION. Sort by relevance Show all posts
Showing posts sorted by date for query ALBERTA PENSION. Sort by relevance Show all posts

Wednesday, September 24, 2025

TWO GOOD LOCAL HISTORY SITES FOR LEFT WING ALBERTA


Dec 20, 2022 — The Hunger March of 1932 is inextricably linked to the material and socio-economic conditions of Alberta during the Great Depression.

by Poundmaker staff member, Eugene (Devil inside) Plawiuk.13 In contrast to ... founding meeting of Canada's first national socialist party, the CCF, was held.
368 pages' 




 

Monday, May 02, 2016

THE ALBERTA NDP THE PARTY OF OIL WORKERS

THE COINCIDENTAL BIRTH OF THE NEW DEMOCRATS AND THE OIL INDUSTRY IN ALBERTA

Rachel Notley warned New Democrats that adopting the LEAP manifesto which demands the end of oil extraction from the Tar Sands as well as conventional and shale gas plays, and NO pipelines, would put the Eastern arm of the party in direct conflict with a party that is proudly Albertan and directly involved in the oil industry history in the province even more so than the long ruling party the PC’s.

It was the development of oil and energy in Alberta that created new wealth and a new industrial province after WWII. The discovery of oil not only brought the oil industry but also the oil and energy workers union, a small American union that had an arm in Alberta, the Oil Chemical and Atomic Workers OCAW. In Alberta it was beginning its organizing of workers in the field and in the new gas and chemical plants being built between Edmonton and Fort Saskatchewan.

This was the post war boom, the party in power was Social Credit, and while  there was no NDP there was an active labour political movement housed in the AFL and Edmonton Trades and Labour Council, members belonged to the Communist Party, the CCF and some still belonged to the OBU and IWW.

Edmonton had a history of electing labour council members as Mayor, Aldermen (women), school board trustees and Hospital Board members. Elmer Roper  longtime labour activist, CCF activist and candidate, owner of ABC Printing and publisher of Alberta Labour News would be elected Mayor of Edmonton after the creation of the NDP by the merger of the CCF with the newly created post war Canadian Labour Congress.

The sixties saw the growth of the labour movement in Canada and in Alberta, including the creation of an active movement of organizing public sector workers, provincially, municipally and federally. The Federal Workers Union originating in Calgary would merge with the Ontario based National Workers Union to create what we know as the Canadian Union of Public  Employees, the Civil Service Union of Alberta would become a union known as the Alberta Union of Provincial Employees.

But throughout the oil boom of the fifties and sixties the union most associated with the provincial NDP was the Oil Chemical and Atomic Energy Workers Union under the leadership of Neil Reimer and his assistant Reg Baskin

That’s right the party was brought to life in Alberta by Oil Workers in the provinces new Energy market. Its first party leader was Neil Reimer, who would meet a charismatic young politician a contemporary of Peter Lougheed and Joe Clark at the University of Alberta, Grant Notley who would go on to become party Leader and its first elected MLA.

Notley himself did not represent Edmonton but his home region, the oil rich north of Alberta, the Grand Prairie, and Peace River riding.

As it had since 1936 the Social Credit party of Alberta held power in the province as a one party state, under the permanent leadership of Premier Ernest Manning, Preston’s daddy.  The New Democratic Party of Alberta focused its energy not only on consolidating union power in the party as well as the voices of the left and progressives but in challenging that Social Credit domination of Alberta Politics.

This was also the time of the Cold War and the Anti Communist Witch Hunts, a time being anti war, anti nuclear war, pro labour, was considered suspect. Where union members who were left wing were exposed to police spying, where padlock laws in Quebec had been used to raid imprison and steal property belonging to those accused of opposing the Duplesis regime or who were suspect of being Reds.

Duplessis ‘s party in Quebec aligned with that provinces Federal Social Credit Party which was aligned with Alberta’s Party as well. In both provinces the left faced one party dictatorship which reminded many despite their democratic trappings of the forces they had been fighting against in WWII.

As in Alberta it would be the post war labour movement in Quebec under Louis Lebarge that would mobilize politically as well as economically against the Old Regime, his right hand was a young activist lawyer named Pierre Eliot Trudeau. And like Alberta they were building a provincial and national party; the Liberals.

This then is the historical basis for the differences between the left in Quebec and the rest of Canada and why it took so long to breech these two solitudes, as was done in 2012 under Jack Layton and the federal NDP.

Premier Rachel Notley, the daughter of Grant Notley, the first NDP MLA ever elected to the Legislature, the first opposition member elected against the Social Credit party of Ernest Manning  had this rich history as her prologue at this week’s national NDP Convention in Edmonton where the party adopted the LEAP manifesto which challenges the very energy economy that makes Alberta a modern industrial state.

This province created the NDP under the leadership of  Neil Reimer, an oil worker and oil union organizer.  Neil was the first leader of the Party, and Reg Baskin was his right hand in their union and the party.

Neil also created the modern Canadian Energy Workers union,  Neil and Reg first represented oil workers in the new industry in the province with the OCAW  oil chemical and atomic workers of Canada, which had one other base of expansion; Louisiana.  He and Reg made it the Canadian Energy Workers Union, which became CEP merging with the Canadian Paper workers unions in BC, and now has consolidated with CAW to create UNIFOR.

Neil’s daughter was Jan Reimer two term Mayor of Edmonton during the 1990’s and while party labels are not used in Edmonton municipal elections everyone knew that we had an NDP mayor.

Meatpackers, a union that disappeared in the eighties with amalgamation of the meat packing industry into a smaller and smaller oligopoly, was a militant base of union workers and activists including communists and socialists, that was a large base for the party, as was Plumbers and Pipefitters Local 488.

These were the post war unions that were the party’s base in Edmonton and across the province. Federally the postal workers were a strong backbone for the Federal Party, though there were two separate unions at that time, letter carriers and inside workers, the latter being more left wing and militant with OBU IWW communist, socialist and Trotskyist activist workers.

It was the discovery of tar sands oil that led to the growth of the province, the union and the NDP. It was also this discovery and its needed development during the Arab Oil Crisis of 1971 that led to the end of the Social Credit government, its movement, but not its essence. In its place came the newest members of the Alberta Legislature elected in 1967 for the first time, the Lougheed Progressive Conservatives. They would be joined by Grant Notley and the NDP in opposition in 1968, when Grant won a by-election in Spirit River.

The “Progressive” element in the Lougheed PC’s represented the post war Liberal base among the non Anglo ethnic communities in Edmonton and Calgary, such as the recent post war immigration of Ukrainians, Italians, Portuguese, Greek, European, Asian, and Displaced Peoples. The Liberals had no political existence in Alberta since they were wiped out by the United Farmers/ Labour Party coalition in 1921.

Even Lougheed’s conservatism was not the neo conservative Austrian school embraced by the republican lite Preston Manning cons of today, it was classical liberal capitalism, that progressive aspect of capitalism that sought to ameliorate through regulation what short comings capitalism itself may suffer from despite its idealism of being the ‘ideal’ system.

The history of the Alberta NDP is the history of the Oil Workers and the Oil Industry in Alberta, even more than it is for the current batch of Conservatives provincial or federal.  The NDP in Alberta grew up with the oil industry with its workers and their union. For the Alberta NDP to reject both the LEAP manifesto and those call for the end of pipelines is natural and should have been expected by those who know the party history in the province.

For those who fail to understand this historic base of the party in Alberta fail to understand the social democratic politics of the oil industry, the NDP has long supported a form of nationalization under public ownership and increased workers control through unionization.

This occurred in the case of Suncor which was the earliest of the oil sands operators, before the Syncrude conglomerate was created.  In the early seventies after the Lougheed government promoted the oil sands, Suncor began mining operations.  Neil Reimer’s new Canadian Energy and Paperworkers union, CEP, got its birth in a long and bitter historic strike at the Suncor operations.

CEP went on to organize refineries in Edmonton, Sherwood Park and Fort Saskatchewan.
It tried but failed to organize Syncrude due to its conglomerate ownership and its concerted anti union efforts over the decade of the seventies into the eighties. Today unionized Suncor has bought out Syncrude so this situation opens it up to unionization decades later.

The seventies and eighties saw massive growth in the province including growth in both private and public union membership.

This also saw the success of the NDP and the left in Edmonton. While Grant Notley was a lone NDP member in Alberta Legislature, Edmonton saw a left wing U of A Prof David Leadbeater elected alderman.  Notley was joined in the house by Ray Martin, from Edmonton.
The NDP elected Ross Harvey its first federal MP from Alberta in the eighties from the old packing plant and union district of Edmonton Beverly. This was at the height of the Arab Oil Crisis of early eighties, which the Conservatives in Calgary blamed on the NDP Liberal National Energy Plan, NEP, which included the creation of the Canadian Publicly Owned Oil and Gas Company PetroCanada.

PetroCanada was a success and saved Calgary and the Lougheed Government during this oil crisis, it was able to buy up, nationalize, American oil companies like Gulf Mobile, Texaco, Chevron,  as well as smaller Canadian and American oil companies that were going broke or bailing out of Calgary heading back to Dallas and Huston.

And CEP was there to unionize it. Today PetroCanada is no more the Liberals privatized during the Austerity crisis of the Nineties, and Paul Martins Liberal Government sold off the last of our shares prior to the 2006 election.

Ironically it is Suncor that bought them and then bought up PetroCan and absorbed it., just as it has done with its competitor Syncrude.

It would be during the late eighties and early nineties that under Ray Martin the NDP would gain a record number of seats, going from 2 to 23 and status of official opposition. But by the time of the middle of nineties and the Austerity panic of debt and deficit hysteria and the birth of the neo conservative movement that two city Mayors, Ralph Klein of Calgary and Lawrence Decore of Edmonton would battle it out for Premier of the Province, Klein for the PC’s and Decore for the Liberals. Both ran on Austerity budgets, one promised massive cuts the other brutal cuts. It was a close election the losers were the NDP who were wiped out as a third party.

In Edmonton we had a new NDP mayor to replace Decore, Neil’s daughter Jan Reimer, joined by another leftist alderman the bus driver Brian Mason. The NDP centred itself in Edmonton at this time and got elected the enormously popular  team of Pam Barrett and Raj Pannu.
The CEP was critical in supporting the NDP at this time, including having its past president Reg Basking become leader of the Party.

After the shocking early death of party leader Pam Barrett, former alderman Brian Mason ran in her riding, Highlands, which also covers the Federal riding of Beverly that Ross Harvey once represented and won her seat in the house. Raj Pannu became the first Indo Canadian leader of an NDP party in Canada.  After he stepped down Brian Mason became the leader of the party.
The party went from four seats to two to four until Brian stepped down and the party elected Grant Notley’s daughter, Rachel Notley, who had sat in the house with Brian through all those ups and downs in electoral success.

The party base is the labour movement and left across the province and no less important unions such as CEP, IBEW, Carpenters and UA488 all involved in the oil sands and the petrochemical industry in Alberta.

So why are the various wags and pundits surprised when the Alberta NDP does not LEAP off the edge of a cliff named STOP PIPELINES, STOP DIRTY OIL.

In the finest of social democratic traditions, the Alberta NDP will do no such thing nor should it be expected to. It will ameliorate the worst of the environmental damages that the fossil fuel industry has and can be expected to cause. They will create a green plan, and expand the carbon fuel tax the PC’s brought in.

 It will do what the conservatives would not do, and that is eliminating Alberta’s Socred PC dirty energy economic backbone: coal. And that is the real dirty energy in Alberta, coal fired utility plants. These plants are evenly divided between private ownership, with state support from the ruling Socreds and PC’s, TransAlta Utilities, and publicly owned municipal utilities EPCOR and ENMAX. TransAlta is the original P3 funded by taxpayers under the Socred and spun off to become a private company where government cabinet members retire to the board of.

Even Lougheed was tied to the coal industry representing his old employer Mannix Inc, as a board member of Luscar Coal, which during the nineties created a major controversy with its efforts to mine outside of Jasper National Park.

Contrary to Greenpeace and other environmentalists who claim oil sands are the dirtiest energy the real dirty energy on the Palliser Plains of Alberta and Saskatchewan is coal.

Coal is the dirtiest fossil fuel that needs to be kept in the ground. There is no such thing as clean coal!

There is however clean petrochemical fuels, that is the nature of refining, creating finer and finer grades of hydrocarbons; ethenes, benzenes, oil and gas for plastic production, diesel etc.
That is the reason for both the Joffre and Scotford massive refining projects and the plan for the heartland refining project, which would allow the province to crack and refine bitumen into secondary and tertiary hydrocarbons.

That is what the future of the energy is in Alberta, stopping the use of coal, refining hydrocarbons and shipping them south, east, and west.

Why would the NDP limit the provinces ability to ship what it processes.

As I have pointed out the pipeline west will probably go through the Peace River Athabasca highway route to Prince Rupert, which coincides with BC Site C dam development and its LNG  pipeline development, giving pipeline companies an alternative to going to Kitimat via the BC Sacred Bear Rainforest.

Energy East will be built and the NDP will promote as it did in the eighties, the idea that Alberta energy for a fair price should go east. What occurred instead was it was shipped to refineris in Ontario and Quebec at discounted prices where it was refined and sold to the US while oil was imported from the Middle East.

This was the original idea of the NEP that the NDP and Liberals promoted to Lougheed, and he agreed to! And like the NDP this was his vision for Alberta oil before he died.
While the LEAP manifesto is suitably left wing green etc, even shudder, anti capitalist ( read anti corporations) it is not something either the labour movement or NDP in Alberta will agree to do much more about than debate. Debate will be welcome, dictat not so much.

LEAP like most environmentalism today fails to take into consideration that even if workers had control of publicly owned energy companies, we would still be producing hydrocarbons, and will be even after the glorious Socialist Revolution.

The dirtiest energy causing climate change is not oil sands in Alberta or Venezuela it is coal and wood burning worldwide.  That is the challenge we face to shut down coal, and wood burning, not to accept the myth of Clean Coal, and to make sure we ameliorate environmental damage caused through hydrocarbon production.

You want to keep something in the ground its coal, and the biggest fight back in Alberta today is the utility lobbies who oppose the Alberta NDP Government ending of coal fired utilities.

In Alberta the NDP is the party of oil and oil workers. Never forget it. The old Social Credit of Preston Manning’s daddy’s day and the PC’s of Lougheed Klein were both parties of coal.


Not Your Usual Left Wing Rant

No Taxes for the working class. That should be the watchword of the Left.

Left blogger a Class Act bemoans the state of the Canadian left on his blog. He says; "
When is the left going to quit trying to be like its opponents,and begin to define itself by it's own actions and ideology?Give the people a real choice,a choice that stands for something,but above all principaled."

Exactomundo. When the Reform party was created it based itself not on the neo-conservatism of the Reaganites but on Western Canadian populism, a populism based on the Left. Recall, referendum, the attack on taxation, were all antebellum left wing causes at the begining of the 20th Century.

Socialism as Class Act calls it. It included the ideology of the producer republic, Georgism in the United States, the Cooperative Commonweal in Canada and the UK. It included syndicalism for the working class, and producer cooperatives for farmers and small producers. It was anti-monopoly and anti-rentier, pro land ownership. See 
Rothbard’s Reds Redux


Socialism at the begining of last century was not yet tainted with Bolshevism. And I use that term deliberately to distinguish it from communism. For within the anarchist and statist socialist movements were movements of communism, which went farther and further in their critique of capitalism than the anti-state socialists did.

Unfortunately the socialist dream, or vision, was lost in the coming forth of the social democratic movement and its statist ideal of the welfare state. Far from dying at the end of WWI in Canada the CCF called for social revolution, as did many of the socialists of the day. They still had only had a small taste of government, in this case the Socialist Party of Canada had been crucial to maintaince of power for the provincial Liberals in B.C, in the last days of fin de sicle 19th century.

The Socialist movement in Canada coalesced around the CCF, the Communist party and the OBU. With the destruction of the later and the success of the former in gaining political power provincially and representation federally came the end of the extra parlimentary left in Canada.

By the 1960's the CCF and the labour movement had purged the radicals and were now liberal social democratics just like their German predecesors of the century before.

The extra-parliamentary left was centred around the anti-Nuclear Bomb movement, Our Generation magazine, and what could be loosely called an anarchist left. One that was sceptical that state power could change anything.

Today the NDP and its social democratic ilk are really liberals in a hurry. And thus the plight that Class Act finds us in. We go back to the orginal debate between State Socialists and Anti-State Socialists. Is socialism a set of principles and and ideal to strive towards or is it the pragmatic logic of gaining state power.
It is of course the former since the latter has been a historic failure.

Since I of course do not believe it is the latter, I hardly consider the NDP or even the Trade Unions on the left. That is they cannot concieve of a program of workers and community control that is a radical challenge to the corporate/financial and state monopoly. They in effect are , as the left communists call them, the left hand of capitalism. They merely wish to ameliorate the worst excesses of capitalism while maintaining the status quo.

Expect no real answers from them on how to change or challenge the system.

But thank goodness the long march to Ottawa by the neo-conservative right in Canada has finally ended in a minority government. Because they too called for a revolution in politics as usual. And they too have ended up being no such thing, just business as usual.

Where the left failed during the past two decades was to see that what Reform had harnassed was a real grass roots disgruntlement of the working class towards politics as usual. Not always reactionary, it was based on feeling powerless and wanting to feel in power over our own lives.

The Left never got it. Whenever the NDP called for taxing the rich, the guys in the Alberta Gas Plants, unionized, and paid overtime saw it as an attack on their wages. It didn't matter that the NDP meant the Rich, as in the 1% of Canadians that own all the wealth, or the corporations, their message was lost on the working class. And for good reason.

We hate taxes. We love services. And we will pay for services, but we hate taxes. And why shouldn't we, over the past fifty years the federal and provincial tax base has moved from the corporations to picking the pockets of you and me.

The NDP finally realised this simple fact during the 2004 election and during the last sitting of the house. They called for more tax breaks for the working class. But because this runs counter to their state socialism, they were faint hearted in their calls, faint hearted in their attack on the Liberals and Conservatives as parties of the rich and entrenched power. The so called special interests.

The fact is that the Conservative government in Ottawa is about to launch a massive assault on the working class through taxation.

They will fund their 1% GST cut by eliminating tax breaks the Liberals brought in. They will give out a baby bonus that will be taxed. They will fail to transfer funds to day care programs clawing them back.


The Left should be calling for no taxation for anyone who earns $100,000 a year or less. Period. That is the mass of the working class in this country.

No party currently will call for this and for the elimination of user fees and the GST. For these are the little taxes that hurt, the death by a thousand cuts that so irritate each and every wage slave in Canada.

Tax the Corporations NOT the People, should be the watchword of the Left. Want Daycare and Medicare, the corporations should pay, out of pre tax profits. It is social capital that they directly benefit from in their bottom line, its what makes them competitive against the American capitalist model.

Eliminate all corporate tax loopholes. Eliminate offshore investment havens for the Rich. And in the process this will eliminate the Tax Department.

The Left should attack the failure of the Reformers, who are still out there as the recent Fireweed Forum on Democracy showed, and the parliamentary reformers,
to address the real issue of political reform in Canada.

The need for real democracy, directly elected revocable delgates to constiuent assemblies. To the right to referndum, to a renewal of Canada as constitutional confederation of the people not a con job. See my
 Abolish The Senate

On economic renewal we should be calling for the creation of peoples banks, the deregulation of banking from the hands of the State into the hands of the people as pools of capital for usage with institutional pension funds and workers investments to build small and medium sized worker/producer cooperatives.
See 
Michael Alberts Economic Participatory Democracy project; Parecon.

This deregulation would also eliminate large banks as holders of capital in the national interest. That role should be continued by the Bank of Canada, which delegated it to the national banks twenty years ago under the Mulroney Conservatives.

We don't need a state in Canada we need a confederation of peoples and communities in a federal system not of Trudeau's making or Harpers but in the Proudhonist model of self government.


And this cannot be done through electoral means, it takes a social revolution. The Reform party tried to do this from the Right and the NPI and other attempts to reform the NDP did it on the left and the result is Jack Layton and Stephen Harper. Nothing changed.

So Class Act I agree with you that the Left needs renewal. And the Left needs first to divorce itself from the existing liberal social democratic parliamentary mileu.
Then and only then will it become an authentic voice for Canadians who are frustrated and pissed off with the system as it is. We have been told to embrace change for twenty years by the neo-cons as they privatized public services. That change for change sake ideology is deeply embedded in all of capitalism corporate and managerial structures now. It gives us a window to challenge the very system of capitalism with a real Left agenda of People Power.


Also see:

Unite the Left
A Peoples Program for Alberta

Left, Right and Liberty

State-less Socialism

Social Credit And Western Canadian Radicalism

Rebel Yell

Plutocrats Rule

WRITTEN IN 2006

 
LA REVUE GAUCHE - Left Comment: Search results for OBU ALBERTA

Sunday, September 21, 2025

FIRST NATION$ CAPITALI$M

Long denied financing, Indigenous-owned investment dealers are flipping the script

By The Canadian Press
 September 21, 2025 

The Haisla First Nation's Kitimaat Village is seen in an aerial view along the Douglas Channel near Kitimat, B.C., on January 10, 2012. Cedar Leaf participated in a $350 million bond issuance in June that will contribute to financing Haisla First Nation and their majority equity ownership in Cedar LNG.THE CANADIAN PRESS/Darryl Dyck

Getting a business loan is both a foundation of economic growth and something Indigenous people have long faced barriers to access, but an emerging trend has First Nations flipping the script and becoming financiers themselves.

Ventures like Cedar Leaf Capital, which opened shop last October, and First Nations Financial Markets that launched earlier this month, are both majority-Indigenous owned firms working their way into the capital-raising system.

As investment dealers, they act as the go-between for companies and institutions trying to raise money and the investors who will ultimately buy the bonds or equity.

Beyond making a profit for their First Nation owners, the firms are also aiming to build Indigenous capacity in the financial world, and form part of a wider push to reduce the barriers that have stood in the way of economic reconciliation.

“Capital markets [have] been woefully under-representative of Indigenous people, businesses, and communities,” said Clint Davis, an Inuk from Labrador who is CEO of Cedar Leaf.


The rise of such organizations can help shift the trend through direct hiring, as with the all-Indigenous three-person bond trading team at Cedar Leaf, as well as by helping finance major Indigenous projects.

Among the 54 bond issuances, worth more than $41 billion, that Cedar Leaf has already participated in was a deal raising some of the $715 million that 36 First Nations in British Columbia needed to buy a 12.5 per cent stake in Enbridge’s Westcoast natural gas pipeline in May.

The deal was also the first to use the Indigenous loan guarantee program, which aims to provide lower interest rates on Indigenous loans through federal government backing.

The program forms part of the growing ecosystem of Indigenous finance that also includes the First Nations Finance Authority, established almost 20 years ago to help member nations secure lower interest rates by pooling resources.

Cedar Leaf became part of the group that sells the authority’s bonds to investors when it got in on the group’s first 30-year bond in June, raising $350 million to help Haisla First Nation finance their majority equity ownership in Cedar LNG.

The deals, and Cedar Leaf’s participation, shows a shift in how Indigenous groups are raising money.

“Cedar Leaf Capital is not only filling a long-overdue gap in our financial system — it is reshaping it,” said Scott Thomson, CEO of Scotiabank, in a statement.

The bank led the launch of Cedar Leaf with partners Nch’kay Development, Des Nedhe Group, and Chippewas of Rama First Nation, with the intention that the firm will be become wholly Indigenous-owned, controlled and operated in the future.

As the federal government focuses on major resource projects, financiers like Cedar Leaf can make sure Indigenous groups are fully empowered to lead and benefit from the opportunities, said Thomson.

The emergence of the firms and other programs are coalescing to create real momentum on economic participation, said Davis.

“A lot of things are starting to converge here, where there’s great opportunity for communities to participate in these medium- and large-scale projects.”


The rollout of the federal government’s major projects initiative, which includes dozens of potential contenders for Indigenous participation, shows just how many opportunities are in the works, and how much funding will be needed, said Mark Podlasly, CEO of the First Nations Major Projects Coalition.

“We need other places to go and other ways to get access ... so anything that allows nations alternative ways to get to cheaper capital is going to be appreciated,” he said.

He noted these deals are Indigenous groups using their own capital — they’re not looking for grants, but said there are still limitations they’re working against in trying to put it all together.

“It’s going to take creativity, not just from the capital markets, but from Indigenous people as well, to think how do we co-function together to get to the ultimate objective, which is empowerment, economic empowerment,” Podlasly said.

Beyond directly helping fund resource projects, the rise of Indigenous-owned investment dealers also provides a new avenue for companies and organizations in the wider economy to participate in economic reconciliation, said Robert Van Belle, chief executive of First Nations Financial Markets.

“There’s going to be a natural inclusion of our dealer in syndicates where the issuers are seeking acts of reconciliation with First Nations.”

He sees the potential for such inclusion from companies such as in the insurance sector or large institutions like pension funds, which don’t have the direct relations that many resource companies look to engage.

The strategy has been in operation in the U.S. for some time now, where big companies have reserved a segment of their bond raising for dealers owned by specific groups, whether that’s minorities, women or veterans, with similar aims of economic inclusion.

First Nations Financial Markets was created when six Alberta First Nations bought a majority interest in Agentis Capital Markets, an investment dealer that Van Belle led.

He said conversations were already underway with the First Nations when Cedar Leaf was announced, but the trend shows momentum in the space.

The firm, now majority owned by the Athabasca Chipewyan First Nation, Cold Lake First Nation, Fort McMurray 468 First Nation, Heart Lake First Nation, Sawridge First Nation, and Whitefish Lake #128 First Nation, also intends to directly hire Indigenous staff, but is still working through that process, said Van Belle.

Chief Isaac Twinn of Sawridge First Nation said in a statement that the firm is a game-changer for bringing First Nations to the capital markets table.

“For too long, decisions have been made around us rather than with us. FNFM is one step toward changing that — ensuring First Nations participation in capital markets through capacity building,” said Twinn.

“The real opportunity lies in scaling this model so that economic reconciliation translates into tangible, lasting prosperity for all our communities.”

It’s still early days for Cedar Leaf as well, with the near-term focus on securing more government and private partners and wrapping a first full year of operations, but it’s already feeling like a momentous shift, said Davis.

“This is quite a period of renaissance for the Indigenous community, and it’s going to be really exciting for the next 10 years. I’m just really happy and I feel honoured to be a part of it.”

This report by The Canadian Press was first published Sept. 21, 2025.

Ian Bickis, The Canadian Press

Friday, June 20, 2025

Tom Mulcair: Carney can take on Trump, but he’s got big challenges at home, too


By Tom MulcairOpens in new window
Published: June 20, 2025 

 Mulcair breaks down new steel and aluminum protections, their impact on Canada-U.S. trade, and PM Carney’s key measures.

The new Carney government got elected on a promise of results.

The core team he’s assembled to back him was purpose built with a single goal top of mind: Getting things done.

Economic issues generally and trade issues, in particular, were dictating the agenda. What was new was the single-minded determination. The threat of a trade war with our closest ally, the United States, was thought to be the stuff of a theoretical lament for our nation.

Then, it happened. When it did, and newly-elected Donald Trump actually voiced the desire to attack Canada economically and make us the 51st state, there was a sudden need for a Canadian adult in the room.

President Donald Trump, right, and Canada's Prime Minister Mark Carney participate in a session of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. 
(AP Photo/Mark Schiefelbein) (Mark Schiefelbein/AP)

Exit Justin Trudeau, enter Mark Carney. No matter where you are on the political spectrum, you’ll have seen that Carney has been moving very fast on his promise to find new partners around the world and to develop opportunities at home.

Carney knows that the window to get anything changed in a big, modern economy is very narrow. Opposing interests are well defined, positions are well defended. The extreme clientelism of the Trudeau years ground his government to a halt. It’s not that they lacked ideas, it’s that they couldn’t get anything done.

Caught in a second minority government, Trudeau cut a deal with Singh to ensure his own political survival. It wound up costing both of them dearly. Parliament was shut down by the Conservatives and the Liberals were in free fall in the polls. Singh’s NDP was nearly wiped out at the ballot box, because the deal with Trudeau had cost them any definition of who they were.

Although he was also handed a minority government by voters, Carney has been behaving like someone who has a majority; and it’s easy to understand why.

What he’s seeking to accomplish can only be realized if other political actors are on board, but there was no way he was going to put himself in lockstep with the NDP, an idea he quickly rebuffed.

Carney’s ‘de-facto majority’


Instead, Carney’s determination and bold vision seem to be accompanied by a chess player’s moves. He’s almost challenging the other parties to take him on because he’s confident in his overall position.

Carney knows that Canadians agree with his approach and want him to succeed. Provoking an election any time soon would simply provide Carney with a majority. That political reality has provided him with a de-facto majority, even if he lacks a numerical one. Carney has gone all in.

Barely a month after the election, he introduced sweeping legislation to accelerate resource projects and has sought to remove American arguments about security issues by immediately meeting our NATO spending obligations and tightening the border.

Visit our opinion page for more editorials from this columnist and others

The NDP quickly signalled that they wouldn’t make the same mistake that had cost them most of their seats. They’d become an opposition party. It used to irritate us in the NDP when we were called the “conscience of Parliament”, because it left us out as real players.

I suspect that interim NDP Leader Don Davies won’t mind that role at all in the current context. The NDP seem set to patiently rebuild their brand and avoid voting with the Liberals. The Bloc, as comically irrelevant as ever, will continue to wave their wooden swords and no one will pay any attention.

The real game, and the real view into the strategy of Mark Carney, was his forceful squeeze play on the Conservatives. Alberta Premier Danielle Smith weighed in quickly: She wanted Carney’s bill passed. It didn’t take long for the Conservatives to fold. Carney will get his legislation before the summer, as he requested.

Poilievre is about to become an Alberta MP and he’ll have to decide who his boss is: His own party or Danielle Smith’s. The answer to that question could have a determining effect on whether Poilievre’s Conservatives retain the sizable gains they made in Ontario, where he used to be an MP.

As is often the case in politics, it’s the people inside your tent who can cause the most problems. Ontario Premier Doug Ford, a classic Progressive Conservative, has been proving himself to be a key ally of Carney. He wants resource projects and other development for Canada’s largest province. The key goal of accelerating the review process is at the top of his list

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Ontario Premier Doug Ford announces that he will be reversing his government’s decision to open the Greenbelt to developers during a press conference in Niagara Falls, Ont., Thursday, Sept. 21, 2023. The announcement comes after a second cabinet minister resigned in the wake of the Greenbelt controversy. THE CANADIAN PRESS/Tara Walton

The corrupt shenanigans, around Ford’s Greenbelt land grab, should be a warning sign to Carney. Be careful when pushing aside environmental and habitat protections. Ford may believe that the public no longer cares about the issue but the Mounties are still investigating and the result could be serious trouble for Ford and for Carney, if he becomes too closely identified with the Ford approach.

There will be innumerable environmental, social and economic issues that will require deft handling by Team Carney. None will be as difficult as reconciling the constitutional, treaty and inherent rights of First Nations, Inuit and Métis peoples with their ambitious agenda.

Mark Carney receives a pair of moccasins from David Pratt Vice-Chief of the Federation of Sovereign Indigenous Nations as he holds an election campaign rally in Saskatoon, Sask., on Wednesday, April 9, 2025. THE CANADIAN PRESS/Sean Kilpatrick

That’s where the “aw shucks” populism of Doug Ford can quickly become a major problem.

Ford’s recent pronouncements on the relationship with Indigenous peoples have been particularly ham-fisted:

“There’s an opportunity of a lifetime for them. We’re giving them $3 billion with a B … to be equity partners, to make their communities more prosperous and wealthier and have services they’ve never had before…there’s going to be a point that you can’t just keep coming hat in hand all the time to the government,“ said Ford.

“You’ve got to be able to take care of yourselves — and when you literally have gold mines, nickel mines, every type of critical mineral that the world wants, and you’re saying, ‘No, no, I don’t want to touch that, by the way, give me money.’ Not going to happen. It’s simple.”

The reply from Alvin Fiddler, the highly respected Grand Chief of Nishnawbe Aski Nation, was sharp and to the point. He said Ford’s remarks were “offensive, rooted in racism and colonial violence.”

Grand Chief of Nishnawbe Aski Nation Alvin Fiddler speaks at a news conference against Bill C-5 in the Foyer of the House of Commons on Parliament Hill in Ottawa, on Tuesday, June 17, 2025. THE CANADIAN PRESS/Justin Tang

Ford has since offered an apology but it’s hard not to agree with Grand Chief Fiddler’s characterization. That could eventually prove a huge problem for Carney.

For over 50 years, going back to an injunction that was issued in favour of the James Bay Cree to block a mammoth hydroelectric project in Quebec, wise resource developers have understood the need to work on a respectful nation-to-nation basis.

That’s what Quebec has done, by the way, and although things are far from perfect, large developments continue to move forward because partnerships, and trust, have been created.

The old method, of throwing everything you’ve got at big law firms in the hope of defeating Indigenous rights, has proven a failed model, time after time after time. Ford does seem to have a glimmer of understanding that partnerships are the key, but he’s such a blunt instrument, he manages to insult those he says he’d like to make a deal with. Not an auspicious start.

Carney has his work cut out for him, and has been going about it with inspiring energy and determination.

To help him meet his ambitious goals for Canada, he has managed to recruit some extraordinary players to his team. Within cabinet, Energy and Natural Resources Minister Tim Hodgson will play a crucial role. But it’s two outsiders who provide the key clues to Carney’s approach.

File photo of then Permanent Representative of Canada to the United Nations Marc-Andre Blanchard speaks to media during the Liberal cabinet retreat in Winnipeg, Sunday, Jan. 19, 2020. THE CANADIAN PRESS/Mike Sudoma

Chief of Staff Marc-André Blanchard is best known in Ottawa as Canada’s former ambassador to the U.N. Prior to that he’d been the national CEO of one of Canada’s top law firms. You don’t get to drive that sort of enterprise without knowing how to deal with oversized egos; great training for dealing with caucus and cabinet.

Blanchard is said to have bruised many during his tenure, but he got the job done. He went on to a key role at the massive Caisse de dépôt pension fund where his international experience was put to good use (and where his published salary was $2 million a year).

He’ll be taking a huge pay cut to return to public service and he’s not doing it for the glory. He’s onside with Carney’s vision for Canada and will be essential to achieving those results.

A file photo of then Hydro Quebec president Michael Sabia, speaking at the legislature committee studying Hydro Quebec strategic plan on Nov. 30, 2023 at the legislature in Quebec City. THE CANADIAN PRESS/Jacques Boissinot

The most astounding hire was that of Michael Sabia. Like Blanchard, a tough task maker. A Montreal colleague chuckled as he related Sabia’s tendency to call key meetings for 5:30 pm on Fridays during his time running Hydro Quebec. A nice way to remind top people that their big pay cheque comes with obligations. He’ll be running the Privy Council Office, Carney’s ministry that operates the entire government.

Go back to the Throne Speech to understand what types of massive cuts and reorganization are in store for the top brass in Ottawa. Any deputy minister who thought they’d be spending the summer on the dock at their cottage had better think again.

This is a unique time in Canadian political history. An unparalleled threat to our very existence being handled by a brilliant, energetic and refreshingly engaged new team. Canadians are onside. Now it’s time to deliver the results.


Tom Mulcair
Contributor
Tom Mulcair is a former leader of the federal New Democratic Party of Canada between 2012 and 2017, and a columnist for CTVNews.ca

BEFORE BECOMIN THE NDP LEADER HE WAS A FORMER LIBERAL CABINET MINISTER IN QUEBEC