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Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Future Infrastructure: Bay Street and Disclosure I

future infrastructure: Full disclosure I ran unsuccessfully against Morneau in the 2015 federal election, according to Rabble. Morneau hasn't grabbed the limelight like some of the more flamboyant ministers. Amid all that fresh-faced diversity, it's easy to overlook the pale face of finance minister Bill Morneau -- a rich, white male from Bay Street, ensconced in the cabinet's most powerful post. But, with the help of heavy hitters from Bay Street and Wall Street, he's been quietly designing a radical new bank that will deliver some of Canada's future infrastructure -- roads, bridges, public transit, utilities -- into the hands of private investors. But the bank's unusual design will also, for the first time, give powerful private institutional investors -- even foreign-owned entities -- the opportunity to actually own important pieces of Canadian infrastructure, with the ability to charge us fees for using them. The Trudeau cabinet may have a New Age feel to it, but it's by no means neglecting its Bay Street base, which stands to profit handsomely from Morneau's proposed Canada Infrastructure Bank CIB . The bank is being presented to the public as a way to attract billions of private sector dollars to help pay for our public infrastructure. (www.immigrantscanada.com). As reported in the news.