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Health committee  It's always the big question. It's the $100,000 question, I guess. For the moment, that's what we're planning, but as we know, in the course of a project like this, which is complex and will require a lot of discussion with stakeholders and so on—the stakeholders being those who have the data that we need for the study—it may take a little bit more time.

December 13th, 2016Committee meeting

Jean-Denis Fréchette

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  GDP per capita.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  As I said before, we hope to have more resources eventually. I know the parliamentarians want the answer next week. However, since we're discussing projects that will last several months, you'll have the results of the study only in one year. At this time, we aren't telling the committee no because I think it's important to do it.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  I'll make a brief comment and I'll ask Mr. Matier to also make a very brief comment. You referred to the infrastructure bank. The goal is to align infrastructure spending with the private sector so that pension funds can get money because they desperately need returns. I think the Governor of the Bank of Canada mentioned that a great deal of time is needed to generate economic benefits.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  I'll ask Mr. Jacques to answer part of the question. A Senate committee asked us to monitor infrastructure spending. We'll monitor the spending more closely to give them some information. We met with the Senate Standing Committee on National Finance members at a public meeting.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  Exactly.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  I'll make a quick comment. Mr. Askari is basically saying that we don't know the policy at this time. It's one thing to increase immigration to compensate for the aging population. You know very well that some provinces speak of immigrant investors more than others, and so on. All these factors can marginally affect the economic growth rate.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  If we exclude all the measures taken in the 2016 budget, we can see that the government ended the 2015-16 fiscal year with a $2.9-billion surplus, instead of a $1-billion deficit as reported.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  Thank you.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  I'll ask Mr. Scholz to answer your question, since it's also his chosen field.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  No, we haven't done calculations on the carbon tax. As I said before, we prepared a report a few months ago on how the carbon tax may affect the GDP per capita, but we didn't calculate the revenue as such.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  We took a rate of $100. This would lower the GDP by $1,400 per capita.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  We haven't estimated that yet. It's one of the things we didn't calculate in our update. We'll probably do so in the next update.

October 24th, 2016Committee meeting

Jean-Denis Fréchette

Finance committee  I'll ask Chris. I remember the last time we called him Mr. Prudence, so that's his field.

October 24th, 2016Committee meeting

Jean-Denis Fréchette