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Shiftheads - The Bridge Deal Where Nobody Gets Paid Until Debt Clears
Description
A $6 billion bridge, a private partner, and a new rule that changes the usual math entirely: no profit until the debt gets repaid first. Tim Powers breaks down why this Gordie Howe Bridge deal reads differently than the profit-first agreements Canadians are used to seeing.
Powers walks through the accounting sleight of hand that could reshape how the debt actually looks on paper, from asset valuation to depreciation, and why a complicated deal might work in the Prime Minister's favour by being hard to challenge in a soundbite. He argues political support around Windsor may shield the deal from serious pushback regardless of the fine print.
The conversation also drifts back to 2011, when Jack Layton led the NDP into official opposition for the only time in the party's history, before cancer cut his tenure short within months. Powers reflects on what Canadian politics might look like today had Layton had more time.
Topics: Gordie Howe bridge, Jack Layton, Stephen Harper, Canadian politics, infrastructure deals
Originally aired on 2026-07-16