Mr. Speaker, my heart goes out to the member for Beaches—East York. If he wants to borrow a tie, we have some very stylish ones in the NDP lobby.
I wanted to bring to the attention of my Conservative friend that, in March 2016, there was an advisory council on economic growth that was struck by the Liberal government and Michael Sabia was one of the members of this council. That was right around the same time that he appeared on March 3 before the Toronto Board of Trade and stated that:
For long term investors, infrastructure offers something that’s not easy to find today: stable, predictable returns in the 7 to 9 per cent range with a low risk of capital loss—exactly what we need to meet our clients’ long term needs.
When we hear the private investment industry making those kinds of claims, about 7% to 9% return on investment, where does my friend think those returns are going to come from and how do they compare with what the government could offer or what the government did promise with low interest rates?