How the Trudeau government responds to infrastructure bank idea will be moment of truth

It doesn’t take an economist to understand it makes no sense to finance projects at seven to nine per cent when you can do so at two per cent.

The advisory council is calling on Ottawa to create a Canadian Infrastructure Development Bank and fund it with $40-billion. They suggest this would attract an additional $160-billion from private institutional investors to finance large public infrastructure projects, including toll highways and bridges, high-speed rail, ports, airports, power transmission, public transit, 'smart-city,' broadband, and natural resource infrastructure. The Hill Times photograph by Jake Wright

Opinion

BY TOBY SANGER

October 31, 2016

Finance Minister Bill Morneau’s Advisory Council on Economic Growth makes it look like a match made in heaven. Canada’s public sector has billions in unmet public infrastructure needs while major capital investors have trillions in surplus fu...

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