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Public Accounts committee I'm sorry, I don't know off the top of my head. I'd have to look at the bond rates at the time and I can do so.
March 30th, 2015Committee meeting
Richard Botham
Public Accounts committee The borrowing that the Government of Canada undertakes is not specific to particular transactions, so there was no specific borrowing rate for the funds related to support GM and Chrysler. The best rate, the reference rate, would be the long-term rate at the time. I do not know o
March 30th, 2015Committee meeting
Richard Botham
Public Accounts committee The entity that holds the shares on behalf of Canada is Canada GEN Investment Company. It is a subsidiary of the Canada Development Investment Corporation, which is a crown corporation that reports through the Minister of Finance to Parliament.
March 30th, 2015Committee meeting
Richard Botham
Public Accounts committee That's correct.
March 30th, 2015Committee meeting
Richard Botham
Public Accounts committee Sorry?
March 30th, 2015Committee meeting
Richard Botham
Public Accounts committee There are two parts to the department's role. One took place during the period in which the financing was arranged. The financing was provided through Export Development Canada, but through a specific business line referred to as the Canada Account. The Minister of Finance has a
March 30th, 2015Committee meeting
Richard Botham
Finance committee I think most of that work is really not done in the Department of Finance. Most of that work would be done in the ministry of infrastructure. Those officials would be most familiar with the existing program architecture as well as the terms and conditions of those programs. We
February 23rd, 2016Committee meeting
Richard Botham
Finance committee I think the Minister of Finance would certainly look to our department for advice on those issues around the cost of program delivery. That is something we certainly work on with our colleagues at the ministry of infrastructure to understand better. We would provide advice, if
February 23rd, 2016Committee meeting
Richard Botham
Environment committee Thank you, Madam Chair and members of the committee, for inviting me to address you today. As mentioned, I work at the Department of Finance as assistant deputy minister of the economic development and corporate finance branch. My role is to support the Minister of Finance in ma
April 14th, 2016Committee meeting
Richard Botham
Environment committee I have difficulty answering that question because, as far as I know, I don't think that, as a department, we have made that comparison, so I'm unable to tell you how we would compare with other finance departments in other countries.
April 14th, 2016Committee meeting
Richard Botham
Environment committee I think that, as a department, we have developed a fairly robust framework for implementing the strategy. As I mentioned in my remarks, we provide training to employees so that they understand their responsibilities and how to carry them out. When we have new employees, as part o
April 14th, 2016Committee meeting
Richard Botham
Environment committee If I did, I misspoke. What I was meaning to say was that, within the department, I am the champion for that strategy.
April 14th, 2016Committee meeting
Richard Botham
Environment committee I can't comment on the practices of other departments or how that is implemented through the cabinet paper process. I can comment on the practice in our department. We have had a champion of sustainable development as long as the act has been in place. We have always had training
April 14th, 2016Committee meeting
Richard Botham
Environment committee There are really two elements, I think, in the question you're posing. One is in respect of the advice developed by the department and provided to the minister. Then the second is the outcome, the government's position. I'm not prepared to comment on the second, but I can provide
April 14th, 2016Committee meeting
Richard Botham
Environment committee As I mentioned, 45 people received training last year. There are about 500 analysts within the department. We provide the training on an annual basis. As I mentioned, every new analyst to the Department of Finance, for which we hire about 30 or 35 every year, receives training wh
April 14th, 2016Committee meeting
Richard Botham