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Selling off airports, major highways, utilities and Canada Post could net over $200 billion: Government report

People carry luggage at Toronto Pearson International Airport, one of the federal assets considered most valuable according to a government report. FILE: Friday December 20, 2013. Source: THE CANADIAN PRESS/Mark Blinch
People carry luggage at Toronto Pearson International Airport, one of the federal assets considered most valuable according to a government report. FILE: Friday December 20, 2013. Source: THE CANADIAN PRESS/Mark Blinch
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Canada could make over $200 billion by selling off airports, highways, utility companies and crown corporations, according to an internal government report.

The federal government has been quietly studying the idea of privatizing significant assets for at least the past two years, but has offered little public information about what might actually be sold and has never disclosed how much money they think they could make.

Confidential documents obtained by The Logic, however, list the expected sale price of about two dozen public assets, including Canada Post, Hydro-Québec and airports in Toronto, Montreal, Vancouver and Calgary.

The documents, which were prepared by Finance Minister Bill Morneau’s Economic Growth Council, also estimate how much money could be made by placing tolls on the Don Valley Parkway and the Gardiner Expressway in Toronto, as well as on Montreal’s Champlain Bridge.

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