Canadian pension funds can help rebuild U.S., says Trump transition official
MONTREAL — Canadian pension funds are well-placed to help rebuild America’s aging infrastructure, a former director of U.S. President Donald Trump’s transition team said Wednesday.
“The Canadian funds have a huge advantage,” Dan Slane told reporters after speaking to a global infrastructure conference in Montreal.
He said funds such as Quebec’s Caisse de depot have the expertise and deep pockets to partner with local U.S. funds to invest in projects such as airports, hospitals and transit.
Slane, who is not involved in the U.S. administration but delivered a report identifying about 50 initial projects that should be funded, said he was disappointed that Trump didn’t provide more details in his speech to Congress on Tuesday evening about his US$1-trillion infrastructure project, including how much would be funded by taxpayers.