Finance committee  I'm sorry, I'm not sure, but I remember it was something around $1.90 at one point, but I may not be 100% correct there.

Finance committee  Only the infrastructure spending has been forecasted until 2028. The government has a long-term plan for infrastructure. As a result, this information had to be provided.

Finance committee  I think these are very important issues you are mentioning, and those things can be done separately from what we are doing here. I say this again because this is an overall look at the economy, how it is working, and how this is going to impact the fiscal situation and the bottom

Finance committee  —our current projection with the projection at that time. It wasn't just the growth. The GDP will continue to grow over the five years.

Finance committee  I guess people say that forecasting is a humbling business and there are only two kinds of forecasts, those that are either wrong or lucky. There was a question about accuracy, and I think this is always an issue for economic and fiscal forecasters, and any forecaster, in terms o

Finance committee  You're correct.

Finance committee  I think the $10 billion was the increase in the level of nominal GDP relative to the projection we had in the fall. That was just comparing—

Finance committee  The government mentioned in budget 2016 that there is an anchor and that the anchor is the debt-to-GDP ratio. The government also mentioned that the budget would eventually be balanced, but no time frame for that was identified. I think in any kind of planning, having some kind

Finance committee  Not specifically on softwood lumber or a specific trade measure, but what we have done, underlying this projection...because there are always questions now about the impact of the U.S. Obviously there are ideas that the U.S. government will introduce stimulus measures that will b

Finance committee  Yes, that's correct. There are some positives and some negatives, and we have assumed that the overall impact would be neutral for Canada.

Finance committee  These are two separate reports completely. Every year we do what we call a fiscal sustainability report, which essentially is a kind of scenario in which we put together what happens in the very long run in terms of government spending, revenue, and then, based on projected demog

Finance committee  This report that we do twice a year is at a very high level, macro level, so we normally do not get into regional issues or sectors, or those kinds of breakdowns. We have done in the past, for example, a labour market analysis that looked at trends in different regions or diffe

Finance committee  Sorry, you said the Department of Finance's numbers?

Finance committee  No, obviously. They use a different survey with different numbers. The projected growth in that survey was much weaker for the first year specifically. As a result, that starting point is very important, especially for the fiscal forecast. It raises the level of GDP, which will h

Finance committee  As J-D mentioned in his opening remarks, there is one difference between ours and the Department of Finance's. Although their budget was introduced in late March, the government decided to use a private sector survey that was done in December. The survey was almost three months o