Canada May ‘Redeploy’ Capital Tied up in Airports, Carney Says

Prime Minister Mark Carney said his government is considering spinning off or selling ownership stakes in Canadian airports in order to use the proceeds on new projects aimed at fueling economic growth.

“We will look at options for the airports so that they better serve Canadians and so that the capital that is tied up in those airports can be redeployed potentially in other ventures that will grow our economy,” Carney told reporters at a separate announcement in the Montreal area. “That’s the core of the idea.”