CANADA INFRASTRUCTURE BANK: $ FROM THE SKY

   It’s funny the various ways expectations can shrink. Here were Justin Trudeau and Catherine McKenna announcing a new plan for the Canada Infrastructure Bank, which is a novel organization designed to turn $35 billion from the federal government into widespread confusion and apathy.
   “By attracting other people’s capital the Bank maximizes the value of every dollar of taxpayer investment,” Michael Sabia, who became the chair of the Bank’s board in April, told reporters. “In this way we can stretch $1 of taxpayer investment into $2 or $3 of total project investment. This is value for taxpayers.”
   I’ll say! And then McKenna, the infrastructure minister, repeated the sentiment. “There are real opportunities,” she said, to “take one taxpayer dollar and, as Michael Sabia has said, turn that into double or triple that so we can build even more good infrastructure for Canadians.”
  Awesome. Money from the sky. OK, two things about that.