Murray Wood: Saskatchewan's auditor should go white elephant hunting
Murray Wood says the provincial auditor found the Global Transportation Hub could have helped Regina avoid giving Costco...
Parliament’s fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years.
In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal.
Read more:
- Canada to ‘align’ with U.S. airport screening rules as TSA drops shoes-off policy
- Canada continuing to lag in the number of EV charging stations needed to meet goals
- Defence expected to find operational savings even as its budget balloons
That sum is also $1 billion lower than earlier PBO projections from 2021.
The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada.
The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects.
The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either.
This report by The Canadian Press was first published July 10, 2025.
