Mr. Speaker, from 1938 to 1974, the Bank of Canada provided very low-interest loans to the federal and provincial governments for public infrastructure projects. Since 1974, the federal government has been borrowing from private banks and foreign lenders instead. The interest paid on those loans is $1.3 trillion. That is $1.3 trillion taxpayer dollars paid to private banks and foreign lenders.
Will the government start using the Bank of Canada again for public infrastructure funding?