Finance committee  Generally, the kind of mandate that governments have provided the department in terms of that work includes two classes. One class would be a group called enterprise crown corporations. These are crown corporations that operate in a quasi-private market sphere. Examples would be

Finance committee  That's correct.

Finance committee  In that last part where you said there is no plan, what I was trying to convey in my earlier statement was there is a corporate plan process. One corporate plan has been received. The focus of that was on start-up. There will be another corporate plan in the next fiscal year that

Finance committee  Typically those plans would come forward to the Treasury Board for its review in spring or early summer, so that's what I would anticipate.

Finance committee  That's the typical planning framework for corporations, but not all corporations fit within the typical. I don't have a date at which that second corporate plan is going forward.

Finance committee  Yes. It's $19,006,000.

Finance committee  I'm sorry. Do they have....?

Finance committee  If I'm understanding you correctly, it's about internal operational policies regarding the organization. My understanding is yes. I'm not responsible for the management of the bank. I think you would be better placed to get details on that from the ministry of infrastructure, whi

Finance committee  When you say “to be clear”, my answer is that my understanding is there is a policy suite relating to the operations. [Inaudible-Editor] different answer.

Finance committee  I guess there are two parts. The one part was a statement around temporary moving to permanent, and I guess from our perspective there are two opportunities for the government to evaluate whether government feels it's getting value for money. There is an approval required for the

Finance committee  What you see represented here, as you've mentioned, is the first installment of funding provided to the bank. You're correct that it is money being used to establish the bank: start-up costs around buildings, real estate, staffing, and IT systems. This is start-up money. The sec

Finance committee  I'm Richard Botham and I'm the assistant deputy minister of economic development and corporate finance, which includes activities related to review of corporate assets. The funding you see in supplementary estimates (C) is a continuation of temporary funding that has been provide

Finance committee  It is not mandated by legislation. It is mandated by policy decision of the government and, as I say, this is a continuation. It's a continuation, not a last time issue; it's ongoing.

Finance committee  It certainly is an amount that has allowed the department to carry out the work that the mandate has governed our department to do in the current year. Should that mandate change, either to end or increase, then, yes, there would probably be a request for a different amount of re

Public Accounts committee  A number of these are large, sophisticated investors who invest all around the world. An example is CPPIB. Did the money that CPPIB put into these four funds of funds come out of money that they otherwise would have invested internationally in ports, or airports, or roads? I gues