The chairman of Swiss banking giant UBS AG is throwing his support behind
Canada’s plans to create a federal infrastructure bank, saying aspects of the
plan could provide a “blueprint” for financing global investments.
Axel Weber, a former central banker in Germany, believes Canada has a
promising constellation of factors converging to create the Canada
Infrastructure Bank, a $35-billion initiative to attract private investment in
new infrastructure projects. He pointed to the country’s robust capital markets
and large institutional investors, as well as strong promise in high-tech and
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