Shift to ‘buy Indigenous’ could add $1B to First Nations’ economy

A new report suggests First Nations in Canada could add as much as $1 billion to their collective economy if they focused on buying supplies from Indigenous companies.

The report, released Thursday from eSupply Canada, found 396 First Nations in Canada spent $504 million on materials and supplies in 2023, but “the bulk” of spending went to non-Indigenous businesses, causing “economic leakage.”

Economic leakage rates vary by community, but the report suggests…(Read more)

Originally published on BNN Bloomberg
Authored by Ben Cousins
Published on April 11, 2024