The NDP is raising concerns the proposal is all about turning “public infrastructure into a source of private profits.”
The NDP is raising concerns the proposal is all about turning “public infrastructure into a source of private profits.”Transport Minister Pablo Rodriguez speaks with reporters as he makes his way to a cabinet meeting in Ottawa, Tuesday, Oct. 24, 2023. Rodriguez says Air Canada was right to apologize to a British MP who alleges he was subjected to Islamophobic screening by the airline and Canadian border officials on a recent diplomatic trip Canada.
The federal Liberals are striking a new working group led by former Bank of Canada governor Stephen Poloz to encourage pension funds to invest in “priority” Canadian projects, including building homes on public lands and improvements to facilities at major airports. But the NDP is raising concerns the proposal is all about turning “public infrastructure into a source of private profits.”
The working group, announced in the 2024 budget, will be supported by Deputy Prime Minister and Minister of Finance Chrystia Freeland and has been tasked with exploring “how to catalyze greater domestic investment opportunities for Canadian pension funds.” The budget says the group will “identify priority investment opportunities that meet Canadian pension plans’ fiduciary and actuarial responsibility, spur innovation, and drive economic growth.
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