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Government Team: Canada and Growth Trajectory

government team: The suggestions comprise a first tranche of ideas from the group of external experts who have been enlisted by Finance Minister Bill Morneau to help Ottawa find ways to resuscitate Canada lacklustre economy, according to Huffington Post Canada. Finance Minister Bill Morneau looks on as Dominic Barton, chair of the federal government team of economic advisers, answers a question in a press conference on Oct. 20. The objective, the experts say, is to double Canada projected growth trajectory and add an eye-popping $15,000 to the annual incomes of Canadian households by 2030. The recommendations zeroed in on three areas: productivity-boosting infrastructure; attracting more foreign investment; and opening Canada doors wider to a larger number of talented immigrants. "Now is the time where we have to take very bold actions,'' council chair Dominic Barton, who is global managing director of consulting giant McKinsey & Co., told a news conference in Ottawa. " may not be new, these have been talked about before — but they haven't been done. To get there, the council suggests the government create an independent infrastructure bank designed to seek out private capital by offering investors steady returns through user fees from projects like toll highways, bridges and airports. "Canada should leverage the trillions in institutional capital waiting on the sidelines and focus this investment productively,'' the council wrote in a report released Thursday. And so what we're keen to do is to jolt it.'' The group called on Ottawa to deliver more than $200 billion worth of infrastructure projects over the next decade using as few taxpayer dollars as possible. (www.immigrantscanada.com). As reported in the news.