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Public Accounts committee  I'll go back to the first part of the question. Those are three examples that for us are models that could be considered. Yes, the first one makes a lot of sense, but for us, the three of them make a lot of sense. To try to explain why there is a list and why we're saying that

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  I suppose having absolutely no financing costs is close to impossible, but again, one would have to look at various models. The reason for this is that at some point there's a need, given the model in place right now with the crown corporations. They need the money in their bank

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  I think I understand your question. Maybe I'll just clarify one point. Paragraph 10.17 is not quite a recommendation. It's a list of examples of other models that could be used, and we're signalling in paragraph 10.18 that the last two were somewhat considered at the time the org

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  By the simple fact that we put them here, not really, but one would have to have further discussion with the organization to see to what extent...and what considerations were looked into when one or the other was decided . One point I mentioned earlier is the fact that when the

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  We describe in the report the reason that we felt the method we used was the appropriate one. I think even as recognized by the department—in the response on the operating statement, or maybe both—borrowing at the government level does not link specific payments to any specific

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  As we mentioned in our report, the government's financing tools, meaning short-term and long-term loans, do not go directly through PPP. When we try to determine the financing costs of PPP activities, we have to work with hypotheses. Here is the one we chose. Given that PPP fundi

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  In our report, we wanted to stress two or three points. First, we emphasized the need to establish a directive that would prevent funds being disbursed to crown corporations too far in advance of their needs. We also pointed out that, when the decision about PPP Canada funding wa

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  That's exactly what we did. We didn't look at the project per se, as you say.

June 6th, 2013Committee meeting

Sylvain Ricard

Public Accounts committee  Thank you, Mr. Chair. Mr. Chair, thank you for this opportunity to discuss chapter 10 of our spring 2013 report on advance funding of the P3 Canada Fund. Joining me at the table are, Lucie Cardinal, Principal, and, Shawn Audette, Project Director, who were responsible for this a

June 6th, 2013Committee meeting

Sylvain Ricard

Citizenship and Immigration committee  That is what we noted in our management of the file. In this case we wanted to show one of the measures the department had taken to adapt to a specific situation so as to improve service.

November 29th, 2010Committee meeting

Sylvain Ricard

Citizenship and Immigration committee  Yes, we do realize the operational realities. For example, in one paragraph we refer to the fact that we've selected three entities, and we didn't compare the three entities for that reason. Every organization has a different legislative framework, different operation, different

November 29th, 2010Committee meeting

Sylvain Ricard

Citizenship and Immigration committee  It looked reasonable to us. We've had discussions with--

November 29th, 2010Committee meeting

Sylvain Ricard

Citizenship and Immigration committee  We believe it's a reasonable plan, given the challenge ahead.

November 29th, 2010Committee meeting

Sylvain Ricard

Citizenship and Immigration committee  We believe that an organization not only needs to know where it is in terms of the time it takes to process something, but it should establish what it's aiming for so it can be monitored to see if they are achieving their objective.

November 29th, 2010Committee meeting

Sylvain Ricard

Citizenship and Immigration committee  Honestly, I don't know. As was just mentioned, we audited those three entities. Auditors without facts don't like to....

November 29th, 2010Committee meeting

Sylvain Ricard