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Morneau’s economic growth council calls for national infrastructure bank

An expert panel on economic growth is calling on the government to launch an ambitious national infrastructure bank capitalized with $40-billion in federal funds aimed at attracting major institutional investors.

The proposal to entice global pension funds into major Canadian investments goes far beyond anything promised to date by the federal Liberals, but Finance Minister Bill Morneau – who worked directly with the panel over the past several months – signalled a strong openness to the recommendations announced Thursday.

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