First Nation claims unpaid loan to McGill University in 1860 now worth $1.7B

APTN National News
McGill University in Montreal is sometimes called “ Canada’s Harvard.”

But in its early days the university nearly went bankrupt. It was saved by a loan in 1860 from a trust fund for the Six Nations of Grand River reserve.

Six Nations says that money was never paid back and in today’s money that outstanding loan is now at $1.7 billion.

APTN’s Tom Fennario has the story.


Producer Nouvelles Nationales d'APTN / Montreal

Born and raised in Montreal, Tom cut his teeth working in community television in Kahnawà:ke Mohawk Territory before joining APTN as a cameraman/editor in 2008. In 2015 he was promoted to Video Journalist. Since 2019 Tom has been a producer for the French weekly newscast Nouvelles Nationales d’APTN.