moved for leave to introduce Bill C-37, An Act to amend the law governing financial institutions and to provide for related and consequential matters.
(Motions deemed adopted, bill read the first time and printed)
House of Commons photoWon his last election, in 2011, with 58% of the vote.
Bank Act November 27th, 2006
moved for leave to introduce Bill C-37, An Act to amend the law governing financial institutions and to provide for related and consequential matters.
(Motions deemed adopted, bill read the first time and printed)
Ways and Means November 27th, 2006
Mr. Speaker, pursuant to Standing Order 83(1), I wish to table a notice of ways and means motion to amend the Excise Tax Act, the Excise Act, 2001 and the Air Travellers Security Charge Act, and to make related amendments to other acts.
I ask that an order of the day be designated for consideration of the motion.
Infrastructure November 27th, 2006
Mr. Speaker, I regret the member's ideological opposition to public private partnerships, but they are a way of financing and a way of transferring risk that sometimes works well on large public projects. It has been done with respect to two hospitals in the province of Ontario by the Liberal government of the province of Ontario and they are being pursued with roads and bridges, and other initiatives by the Liberal government of the province of British Columbia.
Infrastructure November 27th, 2006
Mr. Speaker, so that the member is clear in what is being proposed, in projects of national economic significance the proponents will be asked to consider public private partnerships which have been done around the world and are being done now in British Columbia, Ontario and other places in Canada. This is an obligation to consider an option in the best interests of the best financing available for large public projects in Canada.
The Economy November 27th, 2006
Mr. Speaker, as I am sure the member opposite knows, the Minister of Industry has that power under the Foreign Investment Review Act to ensure the best interests of Canada and the net interests of Canada. It is important that we protect Canada and we protect Canada's assets in certain circumstances where foreign state controlled interests might be involved.
The Economy November 27th, 2006
Mr. Speaker, we are a trading nation. We are one of the great trading nations of the world and we intend to continue that practice. There are foreign investment reviews as the member opposite knows. There is concern from time to time, were it to happen, that a state controlled enterprise would be interested in acquiring assets in Canada. That is something that we would review in the normal course.
The Economy November 27th, 2006
Mr. Speaker, the member, I am sure, has forgotten, and that must be why. He should look at page 67 of his fiscal update last year to see how he used net debt at that time.
On tax reduction, we will guarantee tax reductions each and every year going forward. About his purported tax reductions, I do not know if that was budget number one, or the budget that was done in the hotel room in Toronto with the NDP, or the wish list of last November.
The member should relax. He is going to hurt himself.
The Economy November 27th, 2006
Mr. Speaker, the net debt will be eliminated by 2021. That is exactly the same measure the member for Wascana used last year in his fiscal update. He should be careful about calling himself names.
The Economy November 27th, 2006
Mr. Speaker, the member opposite should look at the document we produced on Thursday and see that it is better to have more information for the people of Canada than less. We published the four private sector forecasters and we set out clearly what they said. In addition, for the first time, we gave the view of the Government of Canada. That is more information, not less.
The Economy November 27th, 2006
Mr. Speaker, the hon. member has his facts wrong. When I was finance minister provincially, we had a surplus and we ensured that we had a surplus, just as we do federally.
I do say to the member opposite--