Hear, hear!
Evidence of meeting #5 for Finance in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was innovation.
A video is available from Parliament.
Evidence of meeting #5 for Finance in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was innovation.
A video is available from Parliament.
1 p.m.
Voices
Hear, hear!
1 p.m.
Conservative
Ron Liepert Conservative Calgary Signal Hill, AB
I don't want you to take the lack of questions as any kind of any indication that you've been ignored.
I have one very quick question for Mr. Kingston.
There was a headline in the Globe this morning that said, “Investors flee Canadian markets at record pace”. Just as a follow-up to Phil's question, if you were to just take oil and gas out of the equation, what would that headline read?
1 p.m.
Vice-President, International and Fiscal Issues, Business Council of Canada
Thank you. It's a great question.
If you take oil and gas out of the equation, the Canadian economy is actually growing. We truly have a two-speed—
1 p.m.
Conservative
Ron Liepert Conservative Calgary Signal Hill, AB
There's a difference between growing and investing, though.
1 p.m.
Vice-President, International and Fiscal Issues, Business Council of Canada
Right. Yes, there is, but we see investment from our members in all kinds of sectors, including manufacturing, who are benefiting from the low Canadian dollar relative to the U.S. and surging U.S. demand.
If you take the oil and gas sector out, there are many examples of investment in the Canadian economy right now, absolutely.
1 p.m.
Liberal
The Chair Liberal Wayne Easter
I'd like to thank the witnesses for their presentations.
Thanks to those in Calgary and Halifax, and to Mr. Kingston and Ms. Forget, who are here. Thank you very much for your presentations, some of them on quite short notice.
We will adjourn and reconvene at 3:30.
The meeting is adjourned.