The Trudeau Liberal’s planned Infrastructure Bank is likely to be in the spot light when Finance Minister Bill Morneau bring down his latest budget this week.
And while we await the budget, two reports being released today outline conflicting visions of what the bank will mean for Canadians.
Toronto Dominion economists say the bank does have the potential to build large new infrastructure but the Canadian Centre for Policy Alternatives is warning the plans risk costing taxpayers billions more in the long run.
Ottawa has committed $35 billion to the new bank which aims to partner with private investors on major infrastructure projects.
The government wants the bank up and running this year and legislation to create it is expected to be introduced before Parliament rises in June.