Before European settlers, Indigenous economies flourished with trade networks, sustainable practices and high living standards. Though disrupted by colonialism, we are now turning an economic corner.
But many Canadians still struggle with understanding reconciliation and how to advance it. Economic reconciliation offers a clear path forward, creating collaborative gains that not only benefit Indigenous Peoples but also drive economic growth for all.
With total output up by 42 per cent and total GDP by 36 per cent since 2019, Alberta is nearing a pivotal moment — one when greater Indigenous participation will lead to growing jobs and GDP.
Bridging the income gap between Indigenous and non-Indigenous communities requires more than boosting workforce participation. It needs investments in education accessibility, entrepreneurship and mentorship, and transitioning Indigenous employees into higher-skilled jobs. In 2021, 10 per cent of Métis and off-reserve First Nations people held a bachelor’s degree or higher, compared to 27 per cent of non-Indigenous people, while only four per cent of on-reserve First Nations did, highlighting an educational gap across both groups.
The seven-generation principle that many Indigenous Peoples embrace urges leaders to make decisions that benefit future generations. By fostering entrepreneurship and creating pathways for Indigenous employees to upskill and advance within organizations, we can build meaningful careers rather than just jobs, raise standards of excellence and commit to shared success. To achieve this, these initiatives must be embedded in operational strategies and actively championed by leadership.
Between 2019 and 2023, it is projected that Indigenous-owned businesses increased their revenue from $2.3 billion to $3.5 billion, representing 52 per cent growth. While these numbers are promising, they only hint at the untapped potential of mutually beneficial relationships between Indigenous and non-Indigenous Canadians.
“For Indigenous Peoples to continue driving Alberta’s prosperity, systemic reforms must continue,” said Clayton Norris, VP of Indigenous Services at MNP. “Indigenous Peoples have long been leading and actively participating in the economy, demonstrating resilience, innovation, and purpose. With the right measures in place, the growing Indigenous economy will unlock opportunities for entrepreneurship, support existing Indigenous-owned businesses and advance career progression.”
Achieving impactful reconciliation is not just about handouts. It’s about growing the economy for everyone. Bridging these gaps will raise the tide for all Albertans.
In the words of Twinn’s late father, Sen. Walter Patrick Twinn, chief of the Sawridge First Nation: “Do all your work as though you had a thousand years to live on Earth, and as if you knew you must die tomorrow.”
The time is now, as tomorrow is upon us.