Band CEO blames low profits for missing annual payments
CBC News, July 11, 2014
Some residents from the wealthy Fort McKay First Nation are in financial trouble after the band failed to provide an expected dividend from oilsands profits last month.
Band members have long been receiving the payment, known as a PCD, which the band is able to pay out due to profits gained from oilsands-related operations. Recently, members collected more than $10,000 per year from the funds.
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