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Treaty No.5 was negotiated between the Canadian government and Indigenous nations in 1875. It covered most of what is now north and central Manitoba, as well as parts of Saskatchewan and Ontario. The treaty was welcomed by both parties in the face of such developments as the advent of steamships on Lake Winnipeg and the arrival the next month of over 200 Icelandic settlers on the western shore of the lake. The talks culminated in terms less generous than those of most of the other numbered treaties.