Is the federal government about to fundamentally change the way it funds social programs? That's the question many people started asking late last year when the government announced it wanted to team up with partners from the private sector to venture into the world of what's called "social finance". That's a concept where an investment goes towards tackling a social issue and, like any other investments, is also expected to be profitable. But does the solution to social issues, such homelessness, lie in the business world?
Where did the concept of Social Finance come from? Who's behind it? And why did they start asking the federal government to get involved? The CBC's Neil Sandell found out.
Then, we hear from the Minister of Human Resources and Skills Development, Diane Finley.