Found Money: Matching Canadians' Saving with Their Infrastructure Needs

William Robson

No 40, e-briefs from C.D. Howe Institute

Abstract: Crumbling bridges and leaking pipes need fixing; new roads and power lines need building as cities cope with growth — Canada needs infrastructure investment. Last fall’s Advantage Canada document from federal finance minister Jim Flaherty made infrastructure a priority. Yet governments face huge bills for health, education and income support. Infrastructure, once a big-ticket item, earns fewer votes nowadays. Meanwhile, Canada is awash in saving. Canadians are aging and seeking to secure their retirements. Cash is flowing into corporate pension plans. Millions of individuals contribute to RRSPs. Huge assets are building in the Canada and Quebec Pension Plans and government-worker funds. This burgeoning saving is a major driver behind Canada’s net flow of funds abroad — more than $30 billion annually since 2004.

Keywords: governance; and; public; institutions (search for similar items in EconPapers)
JEL-codes: E64 H55 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2007-03
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published on C.D. Howe website, March 2007

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