What’s In This Email

• Indigenous investors are making big moves in Canada

• A surge in cheap foreign labour leaves youth struggling to find work

• The first Indigenous woman to win Miss Universe Canada

• Visit the Ausable Chasm in Montréal

• Notable Spotlight: CHICHA San Chen

• Notable Plug 🔌

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Indigenous Investors Are Making Big Moves in Canada – Here’s Why It Matters

Indigenous ownership in key sectors like energy, transportation, and infrastructure is rapidly expanding in Canada, with significant implications for the economy and reconciliation efforts. Here’s a look at the latest developments and why they’re crucial.

Key Takeaways

• Major Investments in Energy: Indigenous groups are taking substantial stakes in energy projects, including a $1 billion investment in Western Canada pipelines and a partnership with Enbridge for a wind farm in Saskatchewan.

• Broadening Economic Influence: Indigenous ownership is spreading beyond energy, with investments in diverse sectors like seafood, power plants, and nuclear technology, showcasing a growing economic influence.

• Government Support: Provincial loan guarantee programs in Ontario, Alberta, and B.C. are helping to finance Indigenous investments, facilitating the development of infrastructure that boosts regional economies.

• Expanding Financial Sector: Indigenous financial institutions like the First Nations Bank of Canada are scaling up, aiming to support a growing population of Indigenous entrepreneurs and communities eager to develop infrastructure on traditional lands.

Why this matters: Indigenous ownership in critical sectors not only drives economic growth but also plays a vital role in reconciliation by returning land and opportunities to Indigenous communities. This shift is transforming the Canadian economy and fostering a more inclusive and equitable future.

Read the full article here.

Surge in Cheap Foreign Labour Leaves Young Canadians Struggling for Jobs

The influx of temporary foreign workers in Canada’s food and retail sectors is creating significant challenges for young Canadians seeking entry-level jobs, with unemployment rates for youth reaching alarming levels.

Key Takeaways

• Youth Unemployment on the Rise: The unemployment rate for Canadians aged 15 to 24 has surged to 14.2%, the highest in more than a decade outside the COVID-19 pandemic, as young workers face stiff competition from temporary foreign workers.

• Explosion in Foreign Labour: The number of temporary foreign workers in food and retail has skyrocketed, increasing by 211% between 2019 and 2023, as employers seek cheaper labour options.

• Impact on Wages: The growing reliance on foreign workers may be suppressing wages for entry-level positions, making it harder for young Canadians to find work at competitive pay rates.

• Government Response: While the government has begun to roll back some pandemic-era measures that eased labour shortages, the continued use of the temporary foreign worker program in areas with high unemployment remains a contentious issue.

Why this matters: The growing use of foreign labour in sectors traditionally filled by young Canadians is contributing to rising youth unemployment and wage stagnation. This dynamic not only impacts the financial stability of young workers but also raises broader questions about labour market practices and the fairness of wage structures in Canada.


Read the full article here.

@olivia.rat

📍Ausable Chasm - Only a 1.5 hr drive away from Montreal! Add this to your list of roadtrips to do from Montreal! Totally worth it, start ... See more

CHICHA San Chen

@autumnatelier

CHICHA San Chen , Toronto #bubbletea #toronto #torontolife #bubbleteashop

Find their award-winning bubble tea at a location near you.

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Notable Life is Canada for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.