Mr. Speaker, the bank would be set up with the same legal structure as many other crown corporations. Any project that it would invest in would be required to follow all provincial, territorial, and municipal laws. We respect the jurisdiction of our provinces. We are investing a historic amount of money. We are tripling our investments to build the infrastructure that is required by our municipalities and that is required by our provinces. We do that in co-operation and collaboration with our provincial and territorial partners.
In the House of Commons on May 31st, 2017. See this statement in context.