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Unique bond frees up dollars, give First Nations flexibility

Now that the Membertou First Nation is able to access money through the First Nations Finance Authority, it will be saving tens of thousands of dollars in bank charges.

“We have two large bank loans at regular banks at much higher rates and much shorter terms. With our borrowing capacity we’re able to borrow enough to pay off these bank loans. By doing that we’re able to save between $140,000 to $150,000 a month in carrying charges,” said Membertou Chief Terry Paul.

Grassy Narrows undeterred by court loss

Andrew (Shoon) Keewatin, Jr. admits he wasn’t surprised when his nine-year court battle against logging on Grassy Narrows First Nation’s traditional territories was defeated July 11 in the Supreme Court of Canada.

“It was the kind of decision I was expecting,” the trapper and hunter tells Windspeaker, his home full of furs harvested from his extensive traplines. But taking the Ontario government to court over its approval of forestry permits was a necessary tactic in his community’s long struggle for justice.

The AFN in all its glory [editorial]

As we head to press, the Assembly of First Nations is wrapping up Day Two of its assembly in Halifax, and while there wasn’t the spitting and hissing that marred the May meeting of the organization, tensions were heightened and loins girded for any sign of bullying and abuse.

Still, the business conducted July 15, particularly, was often mired in layer upon layer of confusion over procedure and process, and it began with what really should have been a simple task of choosing a month for the next election for national chief.