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Finance committee I, personally, am not actually involved in these studies, but we can do some research with our OECD colleagues if that subject is of interest to you. It could answer your question. Once again, the statistical agencies are not really interested in policies per se. However, they a
January 17th, 2022Committee meeting
Anil Arora
Finance committee First of all, used cars are included in the CPI, so it's in that basket. It makes up a relatively small weight of 1.43%, give or take. Because there is no real quality data in Canada just yet—we haven't stopped looking and we are doing some work on that front, by the way—in the a
January 17th, 2022Committee meeting
Anil Arora
Finance committee Given the importance of the housing sector in the country, we have indeed put a fair amount of effort into various elements of it. We're the statistical agency, so we're not going to be able to say if there's a transaction. There are other agencies that go into that. Our job is t
January 17th, 2022Committee meeting
Anil Arora
Finance committee It's still on pause. We continue to work with the Privacy Commissioner to make sure we can provide the kind of detail that you're referring to while protecting the privacy and confidentiality of Canadians, which they deserve.
January 17th, 2022Committee meeting
Anil Arora
Finance committee The Bank of Canada conducts surveys on consumer confidence so it might be better to ask our Bank of Canada colleagues that question. I think you actually have the results of those surveys. To my knowledge, we have not conducted any surveys because there is already a way of colle
January 17th, 2022Committee meeting
Anil Arora
Finance committee We, of course, cannot see what the components are. However, it is a retroactive not a speculative perspective. I hope that helps.
January 17th, 2022Committee meeting
Anil Arora
Finance committee We have no data to triangulate the specific transfer from the government to a business with the intentions of that amount and potentially increased savings from a lack of or reduced expenditures that relate directly to jumping into the housing market. We don't have that. As I
January 17th, 2022Committee meeting
Anil Arora
Finance committee I'm not aware of exactly who or if anybody, frankly, is going to be able to say, “This dollar went here and this dollar went here”. In general, you can see what the basket is and what the result is, but to associate one with the other.... Everybody would struggle quite a bit to b
January 17th, 2022Committee meeting
Anil Arora
Finance committee Certainly. First and foremost, it's the demand. We are seeing, because of COVID, a desire for people to have more open space, the kinds of facilities that allow them to combine a little bit of their leisure activities along with work and child care, and so on. Second, what we see
January 17th, 2022Committee meeting
Anil Arora
Finance committee Thank you for that question. I'll also ask my colleagues to jump in. I'll say that you're absolutely right. What we've seen is the market interest cost year over year has gone down by 8.3%. I keep trying to clarify that the homeowners' replacement cost is not the cost to replace
January 17th, 2022Committee meeting
Anil Arora
Finance committee That's the core of the market, that 15-to-64 age group. You're starting to see anybody who has been unemployed [Technical difficulty—Editor]. That gets into that group. We've been tracking that number. That was up as high as 350,000 and has come down quite considerably in the las
January 17th, 2022Committee meeting
Anil Arora
Finance committee We don't have any data on that, nor would we speculate on that. I think others would be better to do—
January 17th, 2022Committee meeting
Anil Arora
Finance committee We deal in facts and that's—
January 17th, 2022Committee meeting
Anil Arora
Finance committee I haven't actually seen that report. That question is probably better put to them to find out what they're using to arrive at it. When and if that ever becomes material, of course it will be part of our system of national accounts.
January 17th, 2022Committee meeting
Anil Arora
Finance committee Clearly, where there is a shortage, you see that organizations will have to compete to ensure that they get [Technical difficulty—Editor] responses. Some of it is automation and substitution. Others are increased benefits, for example, and in some cases increased wages, to be abl
January 17th, 2022Committee meeting
Anil Arora