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A rendering of the proposed new transit line in Ottawa.
A rendering of the proposed new transit line in Ottawa.
(Handout/City of Ottawa)

Insurers hungry for infrastructure deals closer to home

Institutional investors have hungered for infrastructure investments in recent years, and Canadian governments could do much more to keep that long-term funding inside the country, a new insurance industry report shows.

The Canadian Life and Health Insurance Association (CLHIA) is calling on provincial and federal governments to stimulate financing of new infrastructure projects to fill what it says is a $400-billion deficit – a hole that will have a major impact on the Canadian economy if roads, bridges and other structures aren’t built and maintained. The group also wants to see a renewed focus on improving the country’s long-term investment market.