Finance committee  Yes.

Finance committee  Chair, am I allowed to talk about international trade for a few moments? It's partly relevant to your discussions, but I want to be careful.

Finance committee  Ultimately trade and the use of trade finance, of which it is a portion, is very important to commercial transactions worldwide. Canadian firms, large and small, are involved in what we call global value chains. There are bits and pieces done in southern Ontario, some of it is do

Finance committee  One should take into consideration the fact that the base was very low, the amount of use of the RMB and yuan was very low at the beginning. Even if it triples, which it has done in the last three years, it's still 8% to 12%, for example. That's an increase. It looks big in num

Finance committee  I have not looked at the numbers themselves directly. Overall it sounds reasonable. It sounds within the realm of possibility. I always think that we economists—I was taught this at graduate school—make astrologers look good. I'd be very careful in forecasting anything, and I al

Finance committee  Just very quickly, the skills will be built up whether or not there are new human resources brought into the banks, for example. Our reputation will be somewhat larger. But ultimately there's a very interesting question, which has been raised by Mr. Hansen in response to your p

Finance committee  I'll be very brief, and that is that I entirely agree with what Mr. Hansen has said. Canada has lots of advantages, some of which we don't perhaps market as well as we might. There's a real opportunity for us and particularly for our young people. There are more young Canadians

Finance committee  I'll be very quick. I learned this in the public service and elsewhere. While politics always influences and is an element of commercial activity—and I would suggest you look at point one of my presentation—ultimately investment and trade depend on the economics, on what's worth

Finance committee  Some.

Finance committee  Any thoughts, Mr. Osmar?

Finance committee  I'll add a very brief point to say that SOEs and the way they are treated in the international trade system is under negotiation in several fora internationally, particularly the trans-Pacific forum. I think the answer to your question will emerge as various negotiations emerge.

Finance committee  Oh, indeed, very much so.

Finance committee  Aware of, although as economists we tended to focus on the trade and investment innovation aspects of that. We were aware of the context, but certainly weren't the—

Finance committee  We were aware of the context in which we were working, but I wouldn't offer any more than that.

Finance committee  Yes.