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Public Accounts committee  The amount appears a bit higher up in table 6.2. On page 6.4, the $469.038 billion you're referring to actually appears three rows higher.

November 20th, 2013Committee meeting

Michel Vaillant

Public Accounts committee  Is it $469.038 billion you're talking about?

November 20th, 2013Committee meeting

Michel Vaillant

Public Accounts committee  On the next page, the amount that appears under the heading Total marketable bonds payable in Canadian currency is $469.038 billion.

November 20th, 2013Committee meeting

Michel Vaillant

Public Accounts committee  We can add a note explaining the adjustment so it's clearer.

November 20th, 2013Committee meeting

Michel Vaillant

Public Accounts committee  Merci, Mr. Chair. Mr. Giguère, you're quite correct in the sense that the exact difference you are referring to is $3.3 billion. What happened is that we should have actually put a little memo at the bottom of this to state.... If you recall in the public accounts last year, what actually happened is a lot of the GBEs converted to international financial reporting standards.

November 20th, 2013Committee meeting

Michel Vaillant

Public Accounts committee  The reality is it's an adjustment that was done in the previous year. In the Public Accounts I have in front of me, I can clearly show you the adjustment that was done. It's just that, in carrying it forward this year, we used the new balance as the basis, and we didn't show the $3.3 billion.

November 20th, 2013Committee meeting

Michel Vaillant