Government Operations committee  That's our estimate, that it would be approximately that amount.

Government Operations committee  CMHC will be leading the delivery of the program, and they'll release details about the interface to apply once this becomes operational in the next couple of weeks. They've set up a website where businesses can now get further information on how they would apply.

Government Operations committee  The landlords would be in contact with CMHC to avail themselves of this program.

Government Operations committee  Our assessment is that CMHC is well prepared to deliver this.

Government Operations committee  I wouldn't necessarily call it quantitative easing. There are different strategies and approaches, but the facilities that we have do enable a greater liquidity. An important thing was recently done with provincial governments. As they're also issuing debt and going to the mark

Government Operations committee  This power, in fact, builds on a power that was provided in the financial crisis, and the Minister of Finance, during that time, was provided the authority to enter into a contract with an entity to provide a loan, a line of credit or a guarantee to an entity. In this very unprec

Government Operations committee  That's a different question. That's not related to this provision.

Government Operations committee  The program is expected to launch in mid-May. CMHC will be administering the program, and is working carefully on the program parameters. We are hearing a lot from both landlords and tenants about the operationalization of that program. We've heard from many landlords that they f

Government Operations committee  We wanted to make an amount that was material but not zero, because if a company is facing zero non-essential for us to close, they might not be able to bridge the period. So it's an assessment. If they face that amount of a drop they would have more difficulty paying for that ti

Government Operations committee  I can take that. We work very closely with the Bank of Canada, which is our fiscal agent, to issue government debt to finance the spending that is occurring. The tenure of the debt falls across the different options that we have, including T-bills of two years, five years and 3

Government Operations committee  Again, going back to how we went into this crisis, we had very sound fiscal capacity, and we do work very closely with the Bank of Canada to explore what the best opportunities are. In working with them and projecting out our financial requirements, we were able to develop a borr

Government Operations committee  The Bank of Canada has launched a number of facilities that enable what we call “repos” or the exchange of securities for liquidity. All told, I think it was in the range of $550 billion.

Government Operations committee  It's not a transfer to the financial institutions; it's providing liquidity to the market. They have various securities in their books, and they exchange them to the Bank of Canada on a short-term basis, and they provide the liquidity. Similarly, one of these measures is what w

Government Operations committee  I can start with the financial measures that we announced at the beginning of the crisis. We worked very collaboratively with the financial sector agencies, such as the Bank of Canada, the Office of the Superintendent of Financial Institutions and the Canada Deposit Insurance Cor

Government Operations committee  I want to reiterate that we really hear the voice of the committee today in terms of the need to deal with that issue for small business.