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Finance committee  Is the question, is someone earning $210,000 and getting more from...?

April 19th, 2016Committee meeting

Helen Lao

Finance committee  Okay. Someone who is earning above $210,000 in this case will be benefiting from the middle tax cut with the reduction of 22% to 20.5%. If they are earning above $200,000, they'll be paying 33% on the additional amount that is above $200,000.

April 19th, 2016Committee meeting

Helen Lao

Finance committee  We haven't looked at the U.K. specifically, given that the U.S. is our biggest trading partner as of the moment. That's why we assume, in our economic forecast, that the Canadian outlook would be heavily influenced, more influenced by the U.S. than the U.K.

November 3rd, 2014Committee meeting

Helen Lao

Finance committee  We haven't looked at that specifically.

November 3rd, 2014Committee meeting

Helen Lao

Finance committee  Growth for 2014 was higher than expected. We revised up growth for 2014, partly because Q2 of 2014 came in stronger than expected. In our forecast, we also expect U.S. economic conditions to continue to improve as we have seen in their labour data, as well as their quarterly GDP

November 3rd, 2014Committee meeting

Helen Lao

Finance committee  It could definitely be a positive risk, but on the downside, it could be weaker commodity prices. Also, weaker employment growth could also cause a downward revision in our economic forecast.

November 3rd, 2014Committee meeting

Helen Lao

Finance committee  We revised down our forecast of a Canadian and U.S. exchange rate.

November 3rd, 2014Committee meeting

Helen Lao

Finance committee  In the medium-term projection we've reflected that, and that was also based on the weaker commodity prices we've seen.

November 3rd, 2014Committee meeting

Helen Lao