Mr. Speaker, my colleague's question is a good one because it gives me an opportunity to address some points I did not have a chance to discuss in my speech.
The government is introducing a new gimmick, the sovereign wealth fund, even though we already have the Canada Infrastructure Bank. The Standing Committee on Transport, Infrastructure and Communities, on which I serve, did indeed recommend abolishing the bank because it became clear that it was a political gimmick the Liberal government was using as a revolving door.
Michael Sabia went from the Department of Finance to the Prime Minister's Office to chair of the Canada Infrastructure Bank. There are also plenty of ties to consulting firms that are close to the government, such as BlackRock. I am actually not sure it is BlackRock. Anyway, the point is that we should be asking ourselves if we really have to duplicate what already exists.
Besides, there are other institutions already, such as the Canada growth fund, the Business Development Bank of Canada and Export Development Canada. There are already several entities that can finance projects. The government is just adding new ones for marketing purposes.