“Mr. Speaker, the Montreal Economic Institute said, “We don’t need a Canada Infrastructure Bank 2.0”. The Standing Committee on Transport, Infrastructure and Communities recommended “[t]hat the Government of Canada abolish the Canada Infrastructure Bank.” With this in mind, does the member agree that Canadians do not need this sovereign wealth fund?”
Statement grade
A
The average of Signal, Relevance, Respect and Clarity.
Average 93 / 100
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
Procedure 15%Claims 71%Aside 4%Reasoning 10%
This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Procedure · 28 wordsmy colleague’s question is a good one because it gives me an opportunity to address some points I did not have a chance to discuss in my speech.ProcedureClaims · 95 wordsThe government is introducing a new gimmick, the sovereign wealth fund, even though we already have the Canada Infrastructure Bank.The Standing Committee on Transport, Infrastructure and Communities, on which I serve, did indeed recommend abolishing the bank because it became clear that it was a political gimmick the Liberal government was using as a revolving door.1Michael Sabia went from the Department of Finance to the Prime Minister’s Office to chair of the Canada Infrastructure Bank.2There are also plenty of ties to consulting firms that are close to the government, such as BlackRock.Aside · 8 wordsI am actually not sure it is BlackRock.AsideReasoning · 19 wordsAnyway, the point is that we should be asking ourselves if we really have to duplicate what already exists.Claims · 41 wordsBesides, there are other institutions already, such as the Canada growth fund, the Business Development Bank of Canada and Export Development Canada.3There are already several entities that can finance projects.The government is just adding new ones for marketing purposes.