Canadian Government Advisory Group Studies Formation of National Infrastructure Funding “Institution”

The Canadian Press reports, “The chair of the Trudeau government’s influential team of economic advisers says the group is exploring an ambitious plan to create a national infrastructure ‘institution’ to attract investor cash that will help boost the economy.” Dominic Barton, global managing director of the McKinsey consulting company, who chairs the government’s Advisory Council on Economic Growth, told a conference audience in Ottawa that “the idea is to create a vehicle with enough independence to lure private capital that could be pooled together with public investments. Canada, he added, offers investors the benefits of a safe, well-governed country. In return, Barton said the investments can help lift Canada’s productivity and close its infrastructure gap, which has been estimated at $500 billion.”