The Globe and Mail reports in its Thursday edition that as Canada enters the second COVID-19 wave, the focus for many is on how to keep the economy above water and generate jobs and investments that not only keep people employed in the short term, but ideally contribute to a stronger country and better quality of life in the long term. Guest columnist and SNC-Lavalin chief executive officer Ian Edwards says that investment in much-needed infrastructure is considered the gold standard for stimulus spending during economic uncertainty, and we have seen a number of recent announcements from the provinces, as well as plans by the Canada Infrastructure Bank to spend $10-billion on public transit, clean power and agriculture infrastructure to create 60,000 jobs. Infrastructure has a deep effect on economic productivity, local employment and quality of life. There are four broad metrics of success: cost-effectiveness, speed to market, environmental and social sustainability. It is a tall order, and one as a society we have often failed to deliver on. Mr. Edwards says we should not repeat the mistake of the 2008 financial crisis, when infrastructure investments were often not even approved until after the crisis was over.
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