Ehren Cory, CEO of the Canada Infrastructure Bank, announced the Crown corporation is prepared to support major national-interest projects. This readiness is particularly crucial as Canada rethinks its trade relationship with the U.S. due to tariffs. The bank, established in 2017 with $35 billion, aims to facilitate projects like the Pathways Alliance oilsands carbon capture and storage and the Grays Bay Port and Road, which often face significant upfront investment and regulatory hurdles.
Infrastructure Bank CEO says it's ready to play a role in national-interest projects
AlbertaCanadaDonald TrumpTransportationMass transit systemsPoliticsPolitical campaigns
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TL;DR: Key points with love ❤️Ehren Cory, CEO of the Canada Infrastructure Bank, announced the Crown corporation is prepared to support major national-interest projects. This readiness is particularly crucial as Canada rethinks its trade relationship with the U.S. due to tariffs. The bank, established in 2017 with $35 billion, aims to facilitate projects like the Pathways Alliance oilsands carbon capture and storage and the Grays Bay Port and Road, which often face significant upfront investment and regulatory hurdles.
Trending- 1 2017: Canada Infrastructure Bank created with $35 billion in capital.
- 2 April 28: Federal election delivered the Liberals back to power with a minority government.
- 3 This week: Prime Minister Mark Carney met with premiers in Saskatoon to discuss nation-building projects.
- 4 In the coming week: Canada Infrastructure Bank is set to close its 100th deal.
- Potential acceleration of major infrastructure projects across Canada.
- Canada's ongoing re-evaluation and diversification of its trade relationship with the United States.
- Increased role and investment by the Canada Infrastructure Bank in national-interest projects.
What: Ehren Cory, CEO of the Canada Infrastructure Bank, stated that the Crown corporation is ready to play a significant role in advancing major projects deemed to be in Canada's national interest, especially in response to U.S. tariffs and the need to diversify trade routes.
When: This spring (federal election campaign), April 28 (election date), this week (Prime Minister Carney met with premiers), 2017 (bank created), in the coming week (100th deal expected).
Where: Ottawa (federal government), Saskatoon (where Carney met premiers), Alberta (location of Pathways Alliance project), central Arctic (location of Grays Bay Port and Road).
Why: U.S. President Donald Trump's tariffs have prompted Canada to re-evaluate its trade relationship with its largest partner and seek new ways to transport resources and goods globally. The Canada Infrastructure Bank aims to act as a 'shock absorber' for large, complex projects that struggle to secure private-sector funding alone.
How: The Canada Infrastructure Bank, created with $35 billion in capital, invests in revenue-generating projects that serve the public good but face challenges attracting private investment. The Liberal government has also promised a two-year cap on the approval process for key projects.