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Finance committee We're starting to frame rules of thumb like that, but I have nothing at my fingertips right now.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee If we can sell more products and avail more receipts from the sale of our commodities, then sure, it brings more income into the economy.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee That's the logic.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Correct.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Correct.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Both expense and revenue to some extent, yes.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee As part of my job, we're looking at both the monthly income statement and the ultimate annual projection. But yes, we plan on both those bases: our cash requirements on a monthly basis and our ultimate budgetary surplus or deficit on an annual basis.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Correct. GDP inflation is a construct of both domestic inflation measured by consumer price index and your terms of trade, so WTI and other commodity indicators. Ultimately, we take an average of what the private sector tells us for GDP inflation.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Thank you for the question. In the previous budget, the previous government had booked a certain amount of savings related to intentions to implement a short-term disability plan. From an accounting perspective, we hold the liability on our balance sheets, which reflects the net
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee The previous government had given themselves the legislative authority to implement this system. The previous government never did exercise the authority, but in anticipation that they would exercise the authority, the savings were booked. Hopefully that's clear. There was never
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee The “Fiscal Monitor” is a monthly statement of operations. It effectively shows our income statement on a monthly basis. The real purpose for us is two things. It shows the budgetary surplus or deficit in any one month, and it also sets our ultimate cash requirements. It's the in
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Not an account per se, but yes—
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee Yes, there's a cumulative surplus of $3.2 billion year to date December.
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee In 2015 in general we had two quarters of negative growth at the beginning of the year, driven almost entirely by a decline in investment in the energy sector. We bounced back in the third quarter and now we're anticipating our fourth quarter results at the beginning of March. Bu
February 23rd, 2016Committee meeting
Nicholas Leswick
Finance committee We don't have too many months of data just yet, but last week's data was very interesting because Statistics Canada also released consumer price inflation as well, which showed that prices are going up, so it's weighing on Canadian retailers. If you have a fixed budget, you can o
February 23rd, 2016Committee meeting
Nicholas Leswick