David McDonald

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The Canada Infrastructure Bank was founded in 2017 by the Liberal Party to support revenue-generating infrastructure projects through public-private partnerships. (Shutterstock)

It’s time for the Canada Infrastructure Bank to reclaim its public purpose

Thomas Marois, SOAS, University of London; David McDonald, Queen's University, Ontario, and Susan Spronk, L’Université d’Ottawa/University of Ottawa

Rather than underwriting private interests and the privatization of public services, the Canada Infrastructure Bank can build a better democratic institutional legacy.
Public banks around the world are working towards the public good during COVID-19. The Canada Infrastructure Bank, however, seems focused on privatizing critical public services instead of ensuring vital infrastructure across the country is built or maintained, like this project to repair the bridge spanning the Halifax harbour in 2017. THE CANADIAN PRESS/Andrew Vaughan

COVID‑19 illustrates why Canada needs more — and better — public banks

David McDonald, Queen's University, Ontario and Thomas Marois, UCL

Canada doesn’t have many public banks. The best known, the Canada Infrastructure Bank, seems intent on privatizing critical public services instead of working towards the public good.

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