Matthew Green at the Government Operations and Estimates Committee

On December 2nd, 2020. See this statement in context.

December 2nd, 2020 / 5:50 p.m.

NDP

Matthew Green NDP Hamilton Centre, ON

Mr. Chair, a Globe and Mail article reported that part 8 of Bill C-13 permits the finance minister to create a corporation or an entity to purchase assets from financial institutions or private companies, including material assets.

We've heard today about some of our Crown corporations. I understand that the Bank of Canada has brought on BlackRock to advise on buying up corporate debt under its new commercial paper purchase program.

Does the PBO have any purview over the commercial paper purchase program? How have they calculated that into the risks on a move forward?

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