Canada's Infrastructure Buildout Optimized by Aligning Company and Government Goals

Dow Jones
5 hours ago

1445 ET - Canadian institutions participating in Canada's major infrastructure push aren't taking unmitigated equity risks. Instead, they are stepping into projects that already passed federal prioritization decisions, according to C.D. Howe in a report. Bank of Montreal and Sun Life Financial have committed to bankroll Ottawa's economic security agenda, pledging C$75 billion in private-sector capital to support Canada's infrastructure push. C.D. Howe's David Jones says financial heavyweights like these are aligning balance sheets with federal goals. Jones notes that early decisions under the Major Projects Office show the government is "focusing its attention on projects where its involvement can add real value." He adds that the government is also looking for the criteria of "additionality," which targets projects that wouldn't move forward without government backing, while also speeding up regulatory approvals, among other things.

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