Finance committee  No, we’re not seeing Japanese-style deflation in Canada over the medium term.

Finance committee  Well, the question of food price inflation is a very complex one, because it involves many factors: trade barriers, extraordinary world events and supply chain disruptions. Whether climate change has a greater impact than 0.6% on food price inflation in any one year I think is

Finance committee  If I recall correctly...

Finance committee  Yes. I can let Mr. Boswell take the question if he would like to though, I would be pleased to. We can also answer together.

Finance committee  If I remember correctly, our cost estimates were relatively close to the government's estimates. I don't recall the details of the study since we have done a number of them. That is probably all I can say about that, which is not much more than Mr. Boswell, I think.

Finance committee  I would just like to say something about inflation. In terms of the effects of a government inflation policy, you have to make a distinction between a number of concepts. By way of a simple analogy, we could compare inflation to the price of a car on a straight road. Inflation i

Finance committee  Yes, for the reasons that you mentioned—the need to mitigate and prepare for disasters and for natural events that will be occurring at a more frequent pace, and probably with more severity, as mentioned by climate scientists—this is expected to have a fiscal impact. Therefore, c

Finance committee  We were not asked. I think in a previous question I said that it would be difficult to assess exactly what can be attached to climate change and what can be attached to events that would occur even without climate change.

Finance committee  It's something that is of concern to me, because there can be, as you pointed out, very valid reasons to disclose an aggregate amount without itemizing it, but not disclosing its changes and the items that are financed from this line makes it much more difficult to follow the mon

Finance committee  It's an interesting question as to whether it is the best bet. It's not for me to judge, because that would require me to have an assessment of alternative means for reaching net zero. However, it's certain that providing incentives in the form of tax credits costs less than havi

Finance committee  Suppressed demand is based on demographics, the rate of household formation that we usually expect to see in a normal economy or when the housing market is normal. We compared that with the actual rate of household formation. This is a macro-economic measure that reflects all sup

Finance committee  We have looked into that since a number of parliamentarians were interested in it. I do not have the numbers with me, unfortunately, because we have produced a number of reports over the years, but Ms. Sourang might recall.

Finance committee  Ms. Sourang usually has a better memory that I do. Unfortunately, neither of us remembers the numbers. We did nonetheless estimate the cost of tax measures for the oil and gas sector to be several billions of dollars. We can forward that information to you.

Finance committee  I would rather not say so as not to mislead you in case the numbers I remember are incorrect.

Finance committee  We will be doing a more thorough analysis of the issues we think might be of interest to parliamentarians. We will publish that report in the coming weeks. For the time being, I would rather not comment any further on the budget.