Finance committee  Mr. Chair, I would like to ask my colleague Claude Lavoie to answer the question. He's the closest to the research with respect to this particular issue.

Finance committee  Very respectfully, Mr. Chair, no, we're not the right people to talk to about that.

Finance committee  Yes.

Finance committee  I don't know those numbers off the top of my head, but I would agree that our financial service requirement with respect to funding the government operations and because of the budgetary outlook would have increased, I believe, in that year.

Finance committee  Again, very respectfully, I wasn't responsible for those consultations. We'd have to bring my counterpart from the financial sector policy branch who's responsible for the debt management strategy to answer your line of questioning.

Finance committee  I can't speak to the specifics of the term structure of our debt.

Finance committee  I think with respect to debt management strategy, it's a balancing act between the cost/risk dynamics of the maturity of our debt, likewise, the price discovery need in capital markets for each of our debt issuances. Again, I'd advise, to make sure that you're well informed and

Finance committee  We surveyed a group of 14 private-sector economists across a variety of economic indicators, long-term interest rates being one of those indicators. In our last published survey in budget 2017, the 10-year government bond rate was expected to be 1.8% in 2017, rising to some 3.3%

Finance committee  Roughly. Just as a commentary to the honourable member, we've gotten interest rate projections wrong over the last 20 years. Yes, this projection is reflective of an expectation of growth—

Finance committee  I think it's clear that there is this policy tool kit in terms of the monetary and policy responses to weakness in the economy. The Bank of Canada has responded, to quote them, with what they would characterize as considerable stimulus with respect to their policy rate and how

Finance committee  Good afternoon, Mr. Chairman, honourable members. My name is Nick Leswick, I am the assistant deputy minister of the economic and fiscal policy branch at the Department of Finance with overall responsibility for economic and fiscal forecasting and the production of the federal

Government Operations committee  From a Department of Finance perspective, I think there is clear merit in having a budget in that February to March time period, outlining the spending plans for the Government of Canada, and then an appropriation act or main estimates that follow, reflecting the cash requirement

Government Operations committee  Absolutely, Mr. Chair. I really don't have a lot substantive to add, just that the nexus between the Treasury Board Secretariat, Treasury Board ministers, and our Minister of Finance in terms of budget decision-making, and departments as well in terms of submitting proposals th

Finance committee  If I understand the question clearly, as we laid out in the backgrounder and as the minister mentioned, our analysis looks at Canadian households and their asset/liability profile through the survey of financial security. We take that financial profile and then evaluate what an i

Finance committee  Again, I'm not trying to be dismissive, but we're talking about a $1 billion short-term output impact on a $2.4 trillion economy. If you put a 0.05% impact on output against the sum total of budget 2016 measures, which contributed to 0.5% of GDP growth, in comparative terms, in r