Mark Carney's Investment Summit Paves Way for Corporate Takeover of Canada
Canada's upcoming investment summit, led by Prime Minister Mark Carney, is being touted as a historic opportunity to tap into global pools of money and boost the country's economy. But critics argue that the real agenda is to sell off Canada's public infrastructure to private investors.
The summit will bring together some of the world's largest investment firms, including BlackRock and Blackstone, which collectively oversee $120-trillion in assets. These firms have been eyeing Canada's public infrastructure, with a particular interest in airports, ports, bridges, pipelines, highways, and utilities.
Executives from Bay Street have been lobbying the government to sell off key pieces of Canada's public infrastructure for years, and it appears they've found a receptive ear in Carney. The prime minister is a former chairman of Brookfield, one of Canada's biggest investment firms, and his inner circle includes officials who have pioneered privatization efforts elsewhere in the world.
The summit's co-hosts, the Canadian Pension Plan Investment Board and Public Sector Pension Investment Board, have been at the forefront of pushing for privatization. They've even created a lobby group to push this agenda, which has ranked Canada as its top investment destination.