Andrew Scheer on Questions on the Order Paper

With regard to the statement on page 99 of the 2023 Fall Economic Statement that "The government will begin purchasing up to an annual maximum of $30 billion of Canada Mortgage Bonds, starting as early as February 2024": (a) when did the government begin purchasing the bonds; (b) what is the amount and value of the bonds purchased to date; (c) what are the government's projections in relation to how much of the $30 billion in bonds per year the government expects to default or write-off; and (d) what specific measures, if any, are in place to ensure that the government's finances are not adversely impacted by any increase in the default rate of these bonds?