Step up investment in infrastructure to `soften' recession, municipalities urge Be the first to comment on this article... Bruce Campion-Smith Ottawa bureau chief Vanessa Lu City Hall Bureau chief Vanessa Lu OTTAWA–The federal government is sitting on $3 billion in unspent infrastructure funding, money that could be used to create thousands of jobs and help immunize Canada's economy against recession, municipal officials say. Officials with the Federation of Canadian Municipalities went to Parliament Hill yesterday to urge Ottawa to step up infrastructure investments as a way to "soften" the impact of a slowing economy. "Of all the possible economic tools governments have, infrastructure spending is a tried and true recession fighter," said Sherbrooke Mayor Jean Perrault, president of the municipal federation. "It has two big...
[read full story]