Feds offer $5B in Indigenous loan guarantees, fall $420B short on infrastructure asks

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The federal government is providing up to $5 billion in loan guarantees to help Indigenous communities invest in natural resource and energy products. But when it comes to a promise to close what advocates say is a sprawling Indigenous infrastructure gap, Ottawa is short more than $420 billion.

The federal government is providing up to $5 billion in loan guarantees to help Indigenous communities invest in natural resource and energy products.

Last year, Ottawa committed to lending affordable capital to Indigenous communities through the Canada Infrastructure Bank to help them purchase equity stakes in infrastructure projects in which the bank is also investing. A recent Assembly of First Nations report found that $349 billion is needed to close the infrastructure gap by 2030 -- a target Ottawa had promised to meet.To bring Indigenous infrastructure up to par with the rest of the country would require an additional $135 billion for housing, $5 billion for digital connectivity and another $209 billion for other infrastructure, the report found.

That $918 million includes $426 million for First Nations on reserve, $370 million for Inuit communities and $60 million for Metis communities. The previously announced $4 billion over seven years was allocated to implement an urban, rural and northern housing strategy that the government says is currently under co-development with Indigenous partners.

"Without this investment, the health, safety, and community infrastructure of First Nations will be in worse condition with each passing year." Siding with Alberta Premier Danielle Smith on her proposed restrictions on transgender youth, Conservative Leader Pierre Poilievre confirmed Wednesday that he is against trans and non-binary minors using puberty blockers.

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