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Finance committee That is right.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee Regarding the impact of foreign investment, in its results report the hub will state what it has accomplished with the resources Parliament has appropriated to it.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee It will state its successes and show what it has accomplished. It will report what kind of investment it has attracted, how many jobs these investments have created, and what the value of those investments are. It will report to Parliament through the regular means used by other
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee That's right. The investment hub—
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee No. Actually, the Minister of International Trade is the one mandated to create the agency. That is part of his mandate letter. However, for legal reasons, the minister responsible will be appointed by order in council once Parliament approves the legislation, if that's the case
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee That has not been decided yet. Obviously there are considerations in front of the Treasury Board related to the structure of the organization itself.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee Many people in the federal government and in provincial governments are involved in or have an impact on the ability of Canada to attract investments. You can think of organizations that offer incentives to Canadian or foreign companies. You can also think of departments that are
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee Advice could be provided certainly, but it's not a main rule of the hub to inform regulatory processes.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee It would be my pleasure. The Invest in Canada hub will be a departmental corporation, just like the Canadian Food Inspection Agency, the National Research Council, or the Canada Revenue Agency. As such it will be subject to the financial management policies of the Treasury Board
May 30th, 2017Committee meeting
Louis Marcotte
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
May 30th, 2017Committee meeting
Louis Marcotte
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.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee It would be through an order in council, and basically following the regular process of OIC appointees.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee It would be the same thing, through OIC and through the appointee process, led by the Privy Council Office.
May 30th, 2017Committee meeting
Louis Marcotte
Finance committee Yes, absolutely, they will apply to the CEO, as a reporting officer.
May 30th, 2017Committee meeting
Louis Marcotte
May 30th, 2017Committee meeting
Louis Marcotte