No, that's not correct. That's completely incorrect.
That work at the council was in 2016. The bank hadn't even been created at that point. The bank was created subsequently in the years later by the Government of Canada. By then, the growth council had ceased its work and it was after that—after the creation of the bank, some years further down the road—when CDPQ developed the idea of the REM.
Because part of that project was about utilizing the capital of CDPQ to accomplish a major investment, which attracted capital from both the Government of Quebec and the Government of Canada, the Government of Canada decided that an appropriate vehicle for that investment would be the Canada Infrastructure Bank. However, that suggestion was well past the days of the growth council.
How the Government of Canada decided and chose to participate in the financing of an important transit project in Montreal was entirely the decision of the Government of Canada. It was not a decision of the CDPQ at all.