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What has Trudeau’s Infrastructure Bank achieved? A recycled loan and millions in expenses

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It was during the 2015 election campaign that we first heard Prime Minister Justin Trudeau’s plan to create the Canada Infrastructure Bank. Three years later, the $35-billion bank is still struggling to find its footing and many Canadians are asking themselves what the purpose of this bank is, if it even has one.

According to its website, the Infrastructure Bank will use federal money to “attract private sector and institutional investment to new revenue-generating infrastructure projects that are in the public interest.” While the Crown corporation boasts that it will help with infrastructure projects that otherwise wouldn’t be built, it will essentially use public money to underwrite loans to protect private investors from........

© Financial Post