Canada's infrastructure bank on track to open by end of year: Sohi

Canada's new infrastructure bank is on track to be up and running by the end of the year and will look to attract investment from major pension funds, the country's infrastructure minister said on Wednesday.

"We can tap into pension funds and institutional investors. Those institutions are looking for more stable, predictable returns over the longer term," Amarjeet Sohi told a conference in Toronto. "If we can find projects that generate revenue and there's a return on their investment I think there's potential for us to work with the private sector."

Comment: Maybe this is why the Ring of Fire is being held up.  Canada has said to foreign investors that they are more then happy to allow them to invest, but they must do it through a Canadian Infrastructure Banking system.  Not because the government wants things on the up and up to display transparency to the public, but because this way the public does not know the degree of control the private sector will have over public domain.  What you thought was being covered by your taxes now has a private surcharge added to it as well.  Whose cost you'll never know....So much for transparency; IMHO.  Well, at least we'll get some progress.  Even if it is through our back door.

TM.