Quote:
Originally Posted by Truenorth00
We're talking about the same conservatives that want to scrap the CIB and pledged to do so last election. The NDP also promised to scrap the CIB last election. Also the CIB is a Crown Corp supposed to be endowed with $120+ billion in capital over the next 15 years. So those are mostly taxpayer dollars, unless VIA can pull in private investors.
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Without private capital, the CIB is just borrowing money on the Crown’s behalf, which the bureaucracy could do without getting the Bay Street wages and Bay Street overhead of the CIB, it certainly makes no sense to keep it.
An institution like the CIB makes no sense in a country where the state can borrow cheap.
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