An Overview of Indigenous Economies Within Canada

Alex Chernoff and Calista Cheung

No 2023-25, Discussion Papers from Bank of Canada

Abstract: Attempts to measure aspects of Indigenous economies within Canada are limited by data availability and quality. Drawing on the most recent data sources and research, we provide an overview of such economies and their relationship to the economy of Canada. This includes a discussion of labour markets and the characteristics of Indigenous-owned businesses. While several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades, some institutional settings and gaps in infrastructure and financing continue to hinder economic progress. The creation of new institutions is helping Indigenous communities to overcome these historic barriers. However, continued progress is needed to improve data on Indigenous economies to enable Indigenous and Canadian policy-makers to make informed decisions.

Keywords: Central bank research; Development economics; Financial services; Labour markets; Monetary Policy Transmission; Regional economic developments (search for similar items in EconPapers)
JEL-codes: E01 E02 N41 N42 O43 P48 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2023-10
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:23-25

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