Mr. Speaker, he was with all of the provincial financial ministers this week. That is not an excuse.
Tomorrow, the CPP Investment Board will be releasing its annual report. In a press release last week, it announced its unprecedented losses of $24 billion. The same release also makes it clear that despite those record losses and despite the fact that hundreds of thousands of Canadians have lost their jobs, it has every intention of paying itself bonuses again this year.
Precisely how much does the board need to lose before the government stops it from paying itself bonuses?