Jon Davey: Why Canada's Biggest Projects Can't Get Built Without Indigenous Capital

Jon Davey: Why Canada's Biggest Projects Can't Get Built Without Indigenous Capital

March 12, 2026 · 38 min · Season 1 · Episode 69

About this episode

This episode discusses the importance of Indigenous equity participation in Canadian project financing and the mechanisms involved.

For institutional investors, infrastructure fund managers, and senior advisors evaluating Canadian project opportunities, the question is no longer whether Indigenous equity participation matters - it is how the financing actually works, and what the federal government is doing to accelerate it. This episode answers both questions directly. In Part 2 of our conversation with Jonathan Davey, Managing Director of Indigenous and Government Advisory at Scotiabank's Global Banking and Markets division, we move from the biographical to the operational. Jonathan is Haudenosaunee and a member of the Lower Cayuga Nation of the Six Nations of the Grand River. He brings a decade of Indigenous law practice, five years building Scotiabank's Indigenous financial services group, two years in the office of Scotiabank's President and CEO to a conversation that covers the full mechanics of Indigenous project finance in Canada today. In Part 2, Jonathan covers: Section 89 of the Indian Act - why this single provision has historically been the greatest barrier to capital access for Indigenous communities, and the leasehold financing structures and investment vehicles practitioners use to navigate it…

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