Madam Speaker, there is a municipal financing authority in the community I come from where the municipalities can come together and collectively borrow at a lower rate than what a bank would normally charge. If the government wanted to do something useful, perhaps it could coordinate a municipal financing authority for the rest of the country, and particularly for small communities so that they can reduce their costs. Does the member feel that would be far more useful than an infrastructure bank that would line the pockets of insiders?
In the House of Commons on May 11th, 2017. See this statement in context.