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Finance committee  Mr. Chair, I have nothing to add to what was said.

June 18th, 2020Committee meeting

Jean-François Perrault

Finance committee  One way to think about your question is to think about the starting point. We got into this with a debt-to-GDP ratio of about 31%. There's no magic GDP number. The reality was that we came into this, and we had a lot of space to support our folks. That was the result of a number

June 18th, 2020Committee meeting

Jean-François Perrault

Finance committee  No, we wouldn't change that. Our perspective on the changes by the CMHC is essentially that they're moving out of a market that is going to be serviced by the private sector providers. At the very margin, it might have an impact on housing market activity in the urban centres, bu

June 18th, 2020Committee meeting

Jean-François Perrault

Finance committee  It's a great question. The fundamental challenge that I think the country is dealing with now is.... Sure, there is a lot of debt in the country, there's no question. When you layer it all together, as Mr. Poilievre indicated, we are a highly indebted country. That said, we are i

June 18th, 2020Committee meeting

Jean-François Perrault

Finance committee  —may not agree with that, but that's the reality as far as I can see it at present.

June 18th, 2020Committee meeting

Jean-François Perrault

Finance committee  Thanks very much for organizing this and giving us a chance to speak. I suspect you're going to hear a lot of overlap between what I say and the others, so I'll try to keep it brief in the hope that I won't steal too many people's thunder. As I think you all know, we are dealin

June 18th, 2020Committee meeting

Jean-François Perrault