Breaking: Canada agreed to pay the $2.8 billion of settlement money into a new trust fund that will operate for 20 years, if the court approves the deal.
Suit was filed in 2012 over destruction of language and culture caused by residential school systemA memorial outside the former Kamloops Indian Residential School in 2021. The federal government has agreed to settle a class-action lawsuit over the loss of culture and language brought on by Indian residential schools for $2.8 billion.
Canada agreed to pay the $2.8 billion of settlement money into a new trust fund that will operate for 20 years, if the court approves the deal. The fund will be run independent of the federal government, according to officials. The fund organization will be governed by a board of nine Indigenous directors, of whom Canada will choose one, the agreement says.
In exchange, the claimants agreed to "fully, finally and forever" release the Crown from claims that could conceivably arise from the collective harms residential schools inflicted on First Nations, as alleged in a previous court filing.
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