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Finance committee I mentioned one, of course, which is occupations and wages and who is occupying them. Women are disproportionately in the care economy, and single parents.... I would just say use some of those data available and you will be able to see not just the average but also who is workin
January 17th, 2022Committee meeting
Anil Arora
Finance committee We put out literally a hundred small analytic papers over the course of the last year and a half that go into all those different nooks and crannies and aspects. I would encourage you to look at the social, housing, economic and even some of the environmental aspects of this very
January 17th, 2022Committee meeting
Anil Arora
Finance committee Yes, we calculated the number of businesses that went bankrupt. However, I am not sure if we can provide you with any statistics on personal bankruptcy. Mr. Peterson, do you have anything to say about business openings and closures or bankruptcy?
January 17th, 2022Committee meeting
Anil Arora
Finance committee I think maybe I'll just leave you with some of the work that we've done to go deeper. You can get a certain picture, which I don't want to discount, when you look at the average of Canada or the provincial level, but when you start to disaggregate those data and you see how diffe
January 17th, 2022Committee meeting
Anil Arora
Finance committee We rely on real experts. We have an advisory committee. We rely on international experts, and all the information that comes back says that we have a measure that is second to none.
January 17th, 2022Committee meeting
Anil Arora
Finance committee First of all, we've served for 100 years, and I look forward to serving as an agency for the next hundred. I would say with this recovery, when we look at it in comparison, say, to the 2008-09 recovery, there are some fundamental differences between the situation back in 2008-09
January 17th, 2022Committee meeting
Anil Arora
Finance committee Obviously, we will continue to measure both the weight of that consumption...the mortgage payment as it goes up, with the interest, let's say. It will form a certain percentage of that basket, and we will continue to measure it over time. That's our role. It's to make sure that y
January 17th, 2022Committee meeting
Anil Arora
Finance committee Ms. Ertl mentioned earlier that the U.S., in a sense, takes the equivalent of a rental cost for a particular dwelling and substitutes that. Yes, that potentially has some benefits, but it also equally has some things to take into account, because depending upon how much mortgage
January 17th, 2022Committee meeting
Anil Arora
Finance committee There are different measures. I think we align very nicely with international standards and, where needed, we customize for our particular situation. I think most countries look at housing as an asset and then in inflation look at it as a consumption over time. You have to start
January 17th, 2022Committee meeting
Anil Arora
Finance committee It's included in the—
January 17th, 2022Committee meeting
Anil Arora
Finance committee Please, go ahead.
January 17th, 2022Committee meeting
Anil Arora
Finance committee We don't get into that. As I mentioned earlier, we don't do that. If I may—
January 17th, 2022Committee meeting
Anil Arora
Finance committee If you'll allow me, I'll just make one point.
January 17th, 2022Committee meeting
Anil Arora
Finance committee I think your question is bang-on. On the conceptual part, when you purchase a home, where's that principal component? It's an important question.
January 17th, 2022Committee meeting
Anil Arora
Finance committee I don't have any answer to that question.
January 17th, 2022Committee meeting
Anil Arora