Here we go again — another debt fund Carney is expanding the First Nations Finance Authority’s lending authority so it can more easily lend to Indigenous special-purpose vehicles for equity stakes in major projects, typically backstopped by federal or provincial loan guarantees On top of co-developing a potential First Nations Sovereign Wealth Fund with the AFN (and the still-unlaunched national Canada Strong Fund), this creates yet another preferential financing vehicle. It is debt-based access layered onto identity-based revenue sharing, not ordinary commercial lending or equal treatment under the law The result is more parallel institutions, more government-backed leverage for one group, and more political discretion over who gets capital and on what terms. That does not speed up projects or broaden prosperity @MarkJCarney