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Finance committee  I have a point of order, Mr. Chair.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Since Mr. Julian's not a full member of this committee at this point, I wonder if we can even move forward.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Is there time for a question?

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  I just have a question. We hear from the Conservative opposition and from Conservative provincial governments—not exclusively but many—and provincial leaders who carry the Conservative banner and have joined with their federal colleagues to say that there is economic ruin that will result from putting a price on pollution, and carbon pollution in particular.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Canadians get rebates to offset increased costs.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Thank you.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Thank you very much. Mr. Giroux, in your statement you mentioned household indebtedness as a real source of potential risk in the Canadian economy. Could you speak more to that, but specifically from this perspective? We hear a lot, certainly from the opposition, and there are some economists out there as well who counsel that the stress test provides the wrong path for Canada and is not prudent economic policy.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  You're right. It is delicate because it's something that has come under debate, but as you say, something needs to be done. Mr. Poloz is obviously gone, but I'll just read into the record comments he made a few months ago relating to household risk: The biggest risk we face in the financial system is that household debt is not able to cope with a more normal level of interest rates. ...If people can afford [a mortgage] today but can't afford it 100 basis points from now, then we're not doing them any favours.

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Thank you, Mr. Chair, and thank you for being here today. Mr. Giroux, you mentioned investment in exports in your opening statement as a source of real potential economic growth for Canada. Could you expand on that?

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Where are we with attracting foreign direct investment?

April 30th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  I rise on a point of order, Mr. Chair. My colleague is playing detective and trying to spell out a doomsday scenario that's taken straight out of Orwell. I think the officials have answered the question. We're descending into debate now. The answer is there. There's a mechanism provided for here in the BIA that would allow for the creation of a panel.

April 29th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Okay. In these other jurisdictions, is there any evidence to suggest that measures to support struggling media in this way somehow compromise a free and independent press?

April 29th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  What does the evidence suggest?

April 29th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Thank you very much.

April 29th, 2019Committee meeting

Peter FragiskatosLiberal

Finance committee  Thank you, Mr. Chair. At first glance, some might feel that this particular measure is unique, but there is ample evidence to suggest that we've looked at other jurisdictions here, correct? Other jurisdictions have implemented similar approaches, have they not?

April 29th, 2019Committee meeting

Peter FragiskatosLiberal