Ontario First Nations making millions off Hydro One shares

By Donna Duric Writer Ontario First Nations are the second largest shareholder of Hydro One after a 2018 deal that has seen a collective of First Nations earn around $150 million in the past two years. Ron Jamieson, Ontario First Nations Sovereign Wealth Fund board member, told Six Nations Elected Council’s Political Liaison committee via Zoom last Friday that the original investment has grown by leaps and bounds and only promises to return bigger dividends. “It’s been a phenomenal investment,” said Jamieson, a former vice-president of Aboriginal Banking at the Bank of Montreal. “ Hydro One are a very solid investment because their shares are regulated. They’re regulated by the Ontario Energy Board. I’m often asked what would we do if they failed to pay a dividend – that is…

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