A $27.7 billion annual boost is a possibility for Canada’s economy if equal economic opportunities are given to the country’s Indigenous population.
Huge economic gap exists in income, education and training, says economic development board
Canada is missing out on a whopping $27.7 billion annually because of its under-utilized indigenous workforce, according to a national report by the National Aboriginal Economic Development Board.
The report says a huge economic gap exists between Canada’s Indigenous and non-Indigenous population in terms of income, education and training.
“We had a look at that and said, ‘If we were to close that gap between indigenous and mainstream Canadians, what would that amount to?'” said Dawn Madahbee Leach, vice-chair of the organization that gives recommendations to the Minister of Indigenous and Northern Affairs.
With Canada’s aging population, and a fast-growing, young Indigenous population, Leach said now is the time to get Indigenous people trained up to fill that gap.
“There’s a lot of people retiring, the baby boomers,” said Leach. “And the Indigenous population… we have a workforce ready and willing to come on board.”