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ca (Reuters) – Canada has reached an agreement to settle a class action lawsuit seeking compensation for loss of language and culture caused by Indian residential schools for C$2.8 billion ($2.09 billion).
The settlement builds on the 2021 Gottfriedson Day Scholars settlement, which provided individual compensation to day scholars who attended a residential school but did not reside at the institution.
Canada will provide the settlement amount to a non-profit trust, independent of the government, as part of the class agreement.
The organization in charge of managing the trust will be governed by a permanent board made up of nine indigenous directors, the government said in a statement.
The terms of the agreement have not yet been approved by the Federal Court.
($1 = 1.3380 Canadian dollars)
