This translation has been automatically generated and has not been verified for accuracy.Prime Minister Justin Trudeau announced Monday that Michael Sabia, the former Quebec pension fund CEO and current chair of the Canada Infrastructure Bank, will be the next deputy minister of Finance in Canada.
The deputy minister is the senior public servant in a department. The job involves providing non-partisan policy advice to the minister, overseeing the management of the department and working on government-wide policy issues with other deputy ministers.“The Prime Minister took the opportunity to thank Paul Rochon for his dedication and service to Canadians after having served the past six years as the Deputy Minister of Finance,” the Prime Minister’s Office said in a statement.
Mr. Sabia has long been a voice of influence with the Trudeau government. While he was still the CEO of the Caisse de dépôt et placement du Québec, the provincial pension plan, he was part of an economic advisory panel that provided recommendations to Ottawa. That panel recommended the creation of the infrastructure bank as well as significant increases to Canada’s immigration targets, which the government later supported.
Michael Sabia is officially the unluckiest man in 🇨🇦 Canada. Godspeed, mate, Godspeed.