At the federal level, we believe that the newly proposed Canadian infrastructure bank could be a positive for the market, though we are keen to work through the details in 2017. In theory, this could stimulate projects that may not have otherwise been funded. The key, however, will be to ensure the initiative is thoughtfullyrolled out. There is no need to “repatriate Canadian capital” from the larger pensions, for example. Canadian domiciled equity already actively invests in PPPs and equity capacity is not an issue. Similarly, the bank would be most helpful if it focused on atypical deal types and did not cannibalize the more standard availability project pipeline. We are optimistic that the federal government will focus its efforts to achieve these objectives.”