Finance expert grilled over band spending report during annuities trial

The Robinson Superior Treaty annuities trial continued this week as Eric Kirzner, professor emeritus of finance at the University of Toronto’s Rotman School of Management, took the stand in a Sudbury courtroom to provide expert testimony on behalf of Canada.

While both cases have been heard in court simultaneously, Robinson Huron Treaty representatives are currently engaged in confidential settlement negotiations with both Ontario and Canada. The third stage of the treaty annuities trial, taking place at the University of Sudbury, will eventually determine the amount of compensation and which Crowns will be on the hook to compensate treaty beneficiaries.

“Well, they’re the ones who pay the bills,” Kirzner said, when cross-examined by Harley Schacter, legal counsel for Whitesand and Red Rock First Nations, about receiving guidance from Canada to go ahead with the representative sample approach.

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