Thank you, Chair.
Mr. Dufort, as you know, the Prime Minister announced a so-called sovereign wealth fund today. The government says that it will provide $25 billion over three years. The only issue is that the federal government can't earn royalties as the provinces do except in lands above the 60th parallel or on federal Crown land. I don't imagine there's $25 billion of royalties that could be had by the federal government, meaning that this would most likely be funded by debt, and this would ultimately have to be paid by the taxpayer.
Do you think this is a fiscally sound plan?
