Thank you very much.
I would be remiss if I did not take this opportunity to bring up infrastructure.
There are two things, currently. There are the funds that were announced, and there is the Canada Infrastructure Bank. You are aware of our reluctance with regard to this infrastructure bank. First, it was not presented as such during the election campaign. The Liberal platform did mention an infrastructure bank, but it never mentioned such a massive commitment from the private sector.
There is also the fact that you will be taking funds that would have gone to small communities to put them in this infrastructure bank that will not really be accessible to small municipalities, as you acknowledged, I believe, to the Federation of Canadian Municipalities.
I would like to know why the government chose this massive commitment of private funds, when it could have borrowed at 2% at the time of the last 30-year securities auction. We know very well that Mr. Barton, Mr. Sabia and Mr. Wiseman would like to see a return of more than 5%, 6% or 7%. The Caisse de dépôt et placement du Québec had an overall return of 9%. I can't see them investing in a project that would yield less than that.
I have another question for you on infrastructure, but first I would like you to explain why this involvement of the private sector is absolutely necessary today, as it will mean a loss of public control over these infrastructures.