Pope Francis will visit Canada as the Catholic Church seeks to rebuild bridges with the indigenous community following the shocking abuse scandal at church-run residential schools, the Vatican said on Wednesday.
"The Canadian Conference of Catholic Bishops has invited the Holy Father to make an apostolic journey to Canada, also in the context of the long-standing pastoral process of reconciliation with indigenous peoples," it said.
"His Holiness has indicated his willingness to visit the country on a date to be settled in due course."
The Catholic Church in Canada in September apologised "unequivocally" to Canada's indigenous peoples for a century of abuses at church-run residential schools set up by the government under a policy of assimilation.
The Pope had already agreed to meet in December with indigenous survivors of Canada’s notorious residential schools amid calls for a papal apology for the Catholic Church’s role.
At that time, the bishops conference said the pontiff had invited the delegations to the Vatican and would meet separately with three groups — First Nations, Metis and Inuit — during their December 17-20 visit. The Pope will then preside over a final audience with all three groups December 20, the bishops group said.
It was not immediately clear if that Vatican meeting would go forward or if a papal pilgrimage might preclude it.
The move followed the discovery of more than 1,200 unmarked graves at three sites where indigenous children were forced to attend the schools. The discoveries revived calls, including from Canadian Prime Minister Justin Trudeau, for the Pope to make a formal apology.
The pontiff has expressed his "pain" at the scandal but has not gone so far as to offer the apology that indigenous leaders are still calling for.
Indigenous Canadians were wary following the announcement.
Angela White, executive director of the Indian Residential School Survivors Society, questioned the sincerity of the Pope’s decision.
“It felt like they were being shamed or peer pressured into that one action,” she said.
Ms White added that too much has transpired for a simple apology and that any visit must be backed up with real, meaningful change.
“Apologies are not going to cut it anymore. If you're going to come and just say, 'We're sorry this has happened', sprinkled with some of the right words that, you know, get us to that next stage, then make sure that there's a real plan behind it as to how that reconciliation can be initiated,” she told The National.
Assembly of First Nations National Chief RoseAnne Archibald called on the Catholic Church to return diocese land and invest in long-term healing and support programmes for indigenous people.
She also demanded the church replace the 1493 Doctrine of Discovery with a new charter decreeing that indigenous people must be treated with dignity and respect.
“I’ll welcome Pope Francis when he arrives on Turtle Island to issue a long overdue apology to survivors and intergenerational trauma survivors," Ms Archibald said.
"The Catholic Church must be accountable and acknowledge their responsibility for implementing and running these institutions of assimilation and genocide."
The Tk̓emlúps te Secwépemc First Nation, where more than 200 unmarked graves were discovered in May, said it would "welcome" the Pope on its tribal lands in British Columbia.
In a statement, the tribe said: "there has never been an apology from the highest level of the Roman Catholic Church. For the 'truth' component of Truth and Reconciliation, there has to be an acknowledgment of the true role of the Catholic Church in the deaths of children placed in their care."
Some 150,000 Indian, Metis and Inuit children were enrolled from the late 1800s to the 1990s in 139 residential schools across Canada, spending months or years separated from their families.
Many were physically and sexually abused by headmasters and teachers, and thousands are believed to have died of disease, malnutrition or neglect.
Today, while searches continue for more grave sites, those experiences are blamed for a high incidence of poverty, alcoholism and domestic violence, as well as high suicide rates in indigenous communities.
Agencies contributed to this report
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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