I am encouraged that the government finally wants to build something. But this effort will fail just like the Asian Infrastructure Investment Bank.
Ottawa thinks the only way to build is to fund banks and pension funds. That’s because Ottawa is controlled by people who do not understand the real economy.
If you want housing, don’t fund banks. Cut regulations. Make it easier to build.
If you want data centers, don’t fund banks. Cut regulations. Make it easier to build.
Affordable and consistent access to energy should be Canada’s winning strategy. But because we have made it impossible to build, no one wants to build in Canada.