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Found Money: Matching Canadians' Saving with Their Infrastructure Needs

Author

Listed:
  • William B.P. Robson

    (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.

Suggested Citation

  • William B.P. Robson, 2007. "Found Money: Matching Canadians' Saving with Their Infrastructure Needs," e-briefs 40, C.D. Howe Institute.
    • Handle: RePEc:cdh:ebrief:40
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    File URL: https://www.cdhowe.org/found-money-matching-canadians%E2%80%99-saving-their-infrastructure-needs
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    Cited by:

    1. Anthony E. Boardman & Aidan R. Vining, 2010. "P3s in North America: Renting the Money (in Canada), Selling the Roads (in the USA)," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 16, Edward Elgar Publishing.

    More about this item

    Keywords

    governance and public institutions;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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