Finance committee  Thank you, Mr. Chair. The Budget Implementation Act, 2017, No. 1 introduces the enabling legislation of the Invest in Canada Hub announced in the 2016 Fall Economic Statement. This new federal body is to work globally, in partnership with federal departments, as well as with pr

Finance committee  The Invest in Canada hub is not going to be a financial institution. It's a promotional entity. It really is there to attract foreign investors and to make the sales pitches. Then the hub can introduce those investors to the Canadian stakeholders such as BDC and EDC, or other dep

Finance committee  The headquarters of the organization has not been decided on yet. Obviously, one of the key roles of the hub will be to work with provinces and municipalities. Presumably it could envision having antennae, but these decisions have not been made.

Finance committee  That's a very interesting question. There is interest in indigenous communities sometimes to attract foreign investments through, for instance, the regional development agencies. There are certainly connections that can be made there. It is part of its mandate to attract investme

Finance committee  The details of how it's going to do that are not defined yet, but if you look at the mandate itself and the role of the agency, it will actually develop an integrated strategy, working with provinces, municipalities, and communities to attract foreign investment. That strategy wi

Finance committee  The Minister of International Trade has received a mandate to create the Invest in Canada hub. Officially, the responsible minister will be appointed by order in council once the act is enabled.

Finance committee  It would be through an order in council, and basically following the regular process of OIC appointees.

Finance committee  It would be the same thing, through OIC and through the appointee process, led by the Privy Council Office.

Finance committee  Yes, absolutely, they will apply to the CEO, as a reporting officer.

Finance committee  No.

Finance committee  No.

Finance committee  That's right, facilitation and promotion.

Finance committee  The role of the agency is to attract investments, not so much to promote trade abroad. We already have the trade commissioner service doing that.

Finance committee  For instance, it could take on missions, to bring a municipality, a community, a province, or a series of them to a market to promote their jurisdiction to foreign investors, to attract them to come to Canada to establish themselves, create jobs, develop a laboratory, a manufactu

Finance committee  Yes, they will be part of the public service.