Quote:
Originally Posted by CaptainYooh
The questions in my earlier post must be answered before any decisions on funding any projects by CPP can even be considered. CPP is already investing billions in public, private and mixed instruments (see here). It does invest in infrastructure projects already too. But, supposedly, only based on merits of the investments and not for political reasons. So far, they have not been doing a very good job, unfortunately, from a pure return on investment perspective, but that's not the point of the article (and the OP).
Trudeau is in favour of using CPP money for infrastructure projects, because the Government (and, perhaps, the public) needs to build infrastructure. These are political reasons. This is arguably VERY wrong. It's not up to the Government to make the investment decisions based on needs from the fund allocated for pensions. Hence; the difference. |
You're assuming that the government will
force CPP's hand and dictate that they must invest in whatever infrastructure projects the government wants them to. There have been no details released about the plan yet (beyond the limited information in the NP article), so such an assumption is completely premature. If that is indeed the case, then I would be firmly against the proposal. On the other hand, if it works how I think it will (CPP is given first right of refusal but doesn't have to invest if they don't think they'll get a good ROI), then I think this is a great way to fund the construction of Canadian infrastructure.