So much for being independent of the federal government now. What a brazen coincidence. Liberals have just added a $35 billion vote buying machine...on top of hundreds of billions they have already borrowed and spent. Upcoming election? What upcoming election?
"...His comments come after the CIB underwent a policy change late last year that eliminated a requirement for the bank to secure approval directly from Finance Canada before it could invest in individual projects. One senior government official confirmed to the National Post that the federal government will now approve CIB investments on a broader sectoral level rather than project-by-project. It comes after a sustained push by board members of the bank — including former chairman and now Deputy Finance Minister Michael Sabia — to streamline the approval process and funnel money to projects quicker...."
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