François-Philippe Champagne

Yeah.

Because, uh, if we look at the Alto project, which has gone from 90 billion to 150 billion, and literally they haven't done anything, and, uh, Francois-Philippe Champagne, who works for Alto, has already gotten a bonus.

[laughs] You can't even make that stuff up.

And that's the truth.

That is not what happened.

So Francois-Philippe Champagne put this out today.

It says, "Canada's leading pension funds, insurers, and institutional investors committed nearly 100 billion in new capital to Canadian assets." And once again, what do we see? CPP, I already brought this one up, plus Brookfield Asset Management launched $50 billion Maple fund.

PSP Investments will increase Canadian investments up by 30 to 40%, an additional 25 billion, totaling 100 billion.

I think this is really the question, right? We don't know exactly what the government has in mind.

Both Prime Minister Carney and Finance Minister Champagne mentioned yesterday in their remarks that that passenger experience is important to them.

And currently on the user pay model that operates in many of our airports, it's anywhere from 30 cents and up for every dollar of each plane ticket is going just to airport fees.

And so if the stated objective is to diminish that, then I think it will remain to be seen how this is actually implemented.

The goal? Drumming up billions in capital for Canadian projects.

Will he succeed? I'll put that question to Finance Minister Francois-Philippe Champagne in moments.

Then, privatizing airports.

On the face of it, you're not opposed to privatization?

The prime minister started things off with a tax announcement allowing businesses to write off new investment immediately.

A mega deduction, he called it, after announcing a smaller super deduction in the last budget.

Does that, though, guarantee the private sector will spend big? I caught up with Finance Minister Francois-Philippe Champagne on the sidelines of the investment summit to ask him just that.

Hi, Minister.

There's no price to be paid because it's not a, a fury, right? It's just like he just weathers the storm.

It's like, "Eh, moving on." Francois-Philippe Champagne, in the lead-up to the, the announcement, you know, he's talking about new federal measures for tax rulings and all that, and we're just like, "What is that all about?" And here's a tax accountant saying, "Well, this stuff's always been available, like, you know." But what does it really mean? Again, it's just more window dressing.

Go ahead and read all that.

But just more window dressing and more just like no substance underneath it, just another tout with nothing underneath it, right? Another tout.

And that's what our prime minister is trying to do here, too.

And his finance minister, of course, Francois-Philippe Champagne, talked about that, I guess, to open the summit.

I think Canadians should be reassured by the fact that we're looking at partnership in a market that is basically bigger than the United States, their consumer market.

That's the European Union.

They used to be bigger than the, uh, the US market.

And so when François-Philippe Champagne says, well, they're a bigger, uh, market, maybe they got more people, but economically, they are far weaker.

They've got all kinds of problems with their, uh, immigration system.

We open up to anyone can move anywhere, we're gonna then inherit their immigration problem-