Evidence of meeting #48 for Finance in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was impact.

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Stephen S. Poloz  Governor, Bank of Canada
Carolyn Wilkins  Senior Deputy Governor, Bank of Canada
Jean-Denis Fréchette  Parliamentary Budget Officer, Library of Parliament
Mostafa Askari  Assistant Parliamentary Budget Officer, Office of the Parliamentary Budget Officer, Library of Parliament
Chris Matier  Senior Director, Economic and Fiscal Analysis and Forecasting, Office of the Parliamentary Budget Officer, Library of Parliament
Jason Jacques  Director, Economic and Fiscal Analysis, Office of the Parliamentary Budget Officer, Library of Parliament
Tim Scholz  Economic Advisor, Analyst, Office of the Parliamentary Budget Officer, Library of Parliament
Trevor Shaw  Financial Analyst, Office of the Parliamentary Budget Officer, Library of Parliament

6:15 p.m.

Conservative

Ziad Aboultaif Conservative Edmonton Manning, AB

Thank you.

6:15 p.m.

Liberal

The Chair Liberal Wayne Easter

You may have one quick question, Joe.

October 24th, 2016 / 6:15 p.m.

Liberal

Joe Peschisolido Liberal Steveston—Richmond East, BC

Mr. Askari, thank you so much for attending with your whole team.

For the past three hours we've heard a lot of economic analysis, and talk of fiscal and monetary policy. It seems as if we're having a TA in an economics department, which is very, very helpful to us as a government and as opposition members in devising economic policy.

Perhaps I could ask if there would be any advice you would have for hard-working Canadians who may not be in tune with economic jargon but are looking into the future and are making plans. What things can they be looking for toward buying a house, mortgage payments, getting prepared for their kids' education? Could you give some practical advice to those folks who are not into the difference between economics and policy on the fiscal side?

6:20 p.m.

Assistant Parliamentary Budget Officer, Office of the Parliamentary Budget Officer, Library of Parliament

Mostafa Askari

May I change places?

6:20 p.m.

Liberal

Joe Peschisolido Liberal Steveston—Richmond East, BC

It was a very thorough three hours in which a lot of good issues were discussed.

6:20 p.m.

Assistant Parliamentary Budget Officer, Office of the Parliamentary Budget Officer, Library of Parliament

Mostafa Askari

I don't consider myself a financial adviser for households. I don't know whether I would want to provide that kind of advice.

On public policy, our job is to arrive at an impact of public policy on the overall fiscal situation in Canada, and that's what we have done with this report. We normally don't go beyond that in terms of providing advice and assessing whether it's good or bad.

6:20 p.m.

Liberal

The Chair Liberal Wayne Easter

Is there anything else the witnesses want to say as a last word?

6:20 p.m.

Parliamentary Budget Officer, Library of Parliament

6:20 p.m.

Liberal

The Chair Liberal Wayne Easter

Then on behalf of the committee, we would certainly thank you for all the work you do, and I guess you would call it constructive criticism of the government's fiscal and monetary plans. We appreciate that and it's always helpful for us in terms of doing our analysis as well.

Thank you very much.

The meeting is adjourned.