Mark Wiseman, president and CEO of the Canada Pension Plan Investment Board and Michael Sabia, CEO of the Caisse de dépôt et placement du Québec, will be among the prominent business figures making up the federal government’s new advisory council, it was announced Friday.
Finance Minister Bill Morneau unveiled the team, which will help draw up a plan designed to get the Canadian economy out of a rut.
The lineup of business and academic leaders includes eight women and six men.
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The advisers, who will be paid an annual salary of $1, are responsible for helping the government prepare a long-term growth strategy to be released by the end of the year.
The council members’ names were made public just days before the release of the Liberal government’s first budget on March 22.
The budget, to be tabled Tuesday, is expected to spell out much of Ottawa’s plans to spend billions of dollars on measures – such as infrastructure – aimed at boosting productivity and economic growth.
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Last month, Morneau announced that the advisory council would be chaired by Dominic Barton, the global managing director of consulting giant McKinsey & Company.
At the time, Morneau said council members would meet him regularly and provide advice “on concrete policy actions to help create the long-term conditions for economic growth focused on the middle class.”