Finance committee  The warning?

Finance committee  I think, in general, in principle, any kind of investment, especially investment in infrastructure, will increase potential growth. In that sense, if you are looking for growth, that's a good thing. Whether it's a good decision or not, we cannot obviously comment on that. That's

Finance committee  We are talking about increasing the revenues that the government will collect and the reduction in the disposable income of households.

Finance committee  Yes, of course, it's a payroll deduction. Whether you call it a tax or something else, that's an issue that has been debated for a long time. Different people have different views on that.

Finance committee  When we do a fiscal sustainability report, that is driven to a great extent by demographic factors. Certainly an increase in immigration would increase the labour force over time and would help in that sense. It would help in terms of the overall economic growth. We have done si

Finance committee  As I said, there will be some positive impacts in terms of overall potential growth for the country as you increase the labour force and the labour input into the economy. However, as to the size of that impact, as I said, I don't have those numbers in front of me, but from what

Finance committee  We have estimated the amount of revenue that will be collected as a result of this tax, and by 2021, that will be about $6 billion, which is almost a quarter of a percentage point of GDP. Certainly that has an impact on households that are paying that tax and the businesses that

Finance committee  We haven't really modelled that. Part of that difference has to do with the quality and type of oil you are measuring. It's not all the supply and the pipeline issue. Exactly how the pipelines would affect that difference, we don't really know. We have never looked at what woul

Finance committee  Certainly, it has a positive impact.

Finance committee  It's additional money in the pockets of individuals, and obviously those firms also pay less for EI premiums. We haven't really separated that impact in our analysis in terms of exactly how that's going to impact the economy.

Finance committee  I think it's two things. In the very short term, our projection is more up to date. For the government, we have to wait until next week when they provide their update and see exactly where they are in the very short term. On average, over the five years, when we look at their pr

Finance committee  Yes.

Finance committee  An update really has to be very similar to the kind of report that we provide—the economic situation projection for five years, the fiscal projection, and any other news, and the government sometimes includes those in the update. It would be hard for us to tell you exactly what y

Finance committee  Until we see the update, it would be difficult for us to say exactly what you have to look for.

Finance committee  As far as our estimates of the impact of the stimulus go, no, we haven't really done the impact of the stimulus. It's still too early to see exactly how that's going to affect it.