Finance committee  I would agree with the assessment. One of the issues is that the longer individuals are unemployed, the more their skills atrophy; they lose workplace attachment, and it's a self-reinforcing process. I will give you one figure. We have to work on the issues in Canada, so it's not

Finance committee  It's really only Germany that approaches the Canadian performance.

Finance committee  Something tells me you know the answers to these questions—

Finance committee  —but I will give you the objective view. Canada has recovered all the jobs lost in the recession, and more. A little more than double the jobs—the just under 300,000 jobs lost in the recession—we have recovered.... Well, actually, it's maybe 400,000.

Finance committee  We've regained all back—

Finance committee  —and then doubled, again. The second point is that about 70% of those have been in the private sector. It moves around with each employment report, obviously, but the vast majority, again, north of 70% or 80%, have been full-time. Actually, I should say it's higher than that;

Finance committee  The performance is superior to.... In fact, since I already have to furnish a written answer anyway, to the first question of the day, we can furnish some charts that show the path of employment growth in the G-7. Canada is at the top. Just as a number....

Finance committee  Well, I think the short answer is that both have helped. There have been four tightenings of mortgage insurance rules, which have been shortening amortization, raising qualifying interest rates, raising the minimum down payment, ending the ability to get mortgage insurance for a

Finance committee  The lobbyist registration rules do not apply to the governor.

Finance committee  The bank's code of conduct is approved by the bank's independent board of directors. The determinations of conduct consistent with the code, or if there are issues consistent with the bank's code related to the governor or the senior deputy governor, are conducted by the general

Finance committee  The issue would have to be—as I believe it is, but I stand to be corrected—that in order to have temporary foreign workers there has to be a demonstration that there are not Canadian residents who are able to do the work. The timeline for filling the position should be such that

Finance committee  For the economics to work, that premise should hold.

Finance committee  To the governor in the capacity as the alternate governor to the IMF, those guidelines would apply.

Finance committee  Sorry. The first question was whether the Bank of Canada's guidelines apply to the governor and the senior deputy governor. The answer is yes.

Finance committee  I would just like to add that the situation is more serious in places like Australia and other countries. That also means that we should be acting here. As Mr. Macklem pointed out, the Minister of Finance established that code of conduct. It should be implemented.