Cabinet Unsure If Canada’s $510 Million Investment in Chinese Infrastructure Bank Created Jobs
Cabinet says it’s unclear if any jobs were created after Canada made a $510 million investment in Beijing’s Asian Infrastructure Investment Bank (AIIB), documents show.
“The Government of Canada is aware of five Canadian firms having signed contracts as part of the Bank’s corporate procurement,” cabinet wrote in a report introduced in the Senate at the request of Senator Leo Housakos, according to Blacklock’s Reporter.
“As these are private contracts with private companies the Canadian government cannot estimate how many jobs have been created.”
The companies that received AIIB contracts were LEA Consulting Ltd. of Markham, Ontario; Hatch Consulting’s subsidiary in Mississauga, Ontario; Insignia Software Corp. of Edmonton, Alberta; EQ Consulting Inc. of Toronto; and a joint venture involving the Canadian subsidiary of ISW Consulting….