A wall of money

In a wide ranging interview with the Financial Post‘s Barbara Shecter, Mark Machin discusses the outlook for Canada’s economic recovery and the long term global implications of the pandemic. He emphasized the opportunity for governments to raise revenue by selling aging infrastructure assets, which is one of the recommendations of “Powering A Strong Recovery.”

“I really encourage governments around the world that have got massive deficits to really consider at this point privatizing, you know, selling operating brownfield infrastructure assets if they can because they’re going to get extraordinary prices for it, given the wall of money that’s interested in it, and it will help (bring down) deficits.”

Mark Machin, President and Chief Executive Officer of CPP Investments