Finance committee  Both of these are a statutory authority, which was granted by Parliament in the budget bill for 2009. The transition office is an organization, which is set up. It has a three-year mandate. Its job is to lead the effort of the federal government to create a Canadian securities re

Finance committee  I'm sorry, this is related to FINTRAC?

Finance committee  The government's plan is certainly to continue with the work of the transition office. We need to complete the draft securities act and come up with a transition plan, moving forward to negotiate memoranda of understanding with the participating jurisdictions. This will be quite

Finance committee  The largest part of OSFI's expenditures are paid for by assessments on the financial institutions themselves.

Finance committee  No, there's a very small amount of work that OSFI does, which it does on behalf of the government, providing actuarial services related to government programs. Those are not paid for by an assessment on the financial institutions, but they're paid for by the government.

Finance committee  Right now, we have 13 commissions.

Finance committee  There are 13 commissions, and that is a situation we can really improve on. That being said, the 13 commissions have still found a way to work together. So, if we reduced the number of commissions to 3 or 4, the challenge would be no greater than it is today.

Finance committee  The government's plan is to create a unique agency, one that would still have the strengths of the current system while going even further to improve on it. As I said, the plan is to take advantage of the existing expertise in the current commissions and to really take into accou

Finance committee  The goal of the government's plan is to ultimately establish a single system that would apply nationwide. We are well aware that it may not happen immediately, but that is the goal. We are focused on success.

Finance committee  The debt strategy is set out in every budget. This fiscal year, we are aiming for $80 billion in bond issues—

Finance committee  —in fixed bonds. That would keep the fixed rate more or less stable or, rather, it would slightly increase the fixed ratio accordingly.

Finance committee  That is correct.

Finance committee  They have been done by other commentators.

Finance committee  We look frequently at the coin program to see what savings can be made. As was announced in the budget 2010, we'll have a substantial reduction in coinage costs arising from a new production method for the $1 and $2 coins.

Finance committee  This is a question that has come up a number of times. A variety of estimates have circulated in the public domain.