Canada settles a class action for residential school repairs for CAD 2.8 billion

By RockedBuzz 1 Min Read
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ca(RockedBuzz via Reuters) – Canada has reached an agreement to settle a class action lawsuit, seeking compensation for the loss of language and culture caused by Indian residential schools, worth C$2.8 billion ($2.09 billion ).

The deal builds on the 2021 Gottfriedson Day Scholars Agreement, which provided individual compensation to day scholars who attended a residential school but were not resident at the institution.

Canada will provide the transaction amount to a non-profit, government-independent fund as part of the class transaction.

The organization charged with administering the trust will be governed by a permanent council made up of nine indigenous directors, the government said in a statement.

The terms of the settlement have yet to be approved by the Federal Court.

($1 = 1.3380 Canadian dollars)

(Reporting by Rishabh Jaiswal & Maria Ponnezhath in Bangalore)

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