Advancing economic reconciliation: A summary of the 2023 federal budget

The CIBC Indigenous Markets team has carefully reviewed the 2023 federal budget and wishes to provide our clients with a comprehensive summary of key highlights. As a responsible and socially conscious investment firm, we believe it’s our duty to keep our clients informed about the latest developments in government policies that impact the Indigenous communities we serve. 

While we acknowledge that there is still much work to be done by the federal government to address the needs and aspirations of Indigenous Peoples, we are encouraged by the steps taken in the budget towards advancing the economic and social wellbeing of Indigenous communities across Canada. 

In this paper, we will highlight key aspects of the budget that support Indigenous economic participation. This includes advancing economic reconciliation, increasing Indigenous participation in environmental decision-making, creating prosperity with Indigenous Peoples, supporting Indigenous governance and capacity, and supporting First Nations women and children.