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May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  That's right, facilitation and promotion.

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  The role of the agency is to attract investments, not so much to promote trade abroad. We already have the trade commissioner service doing that.

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  For instance, it could take on missions, to bring a municipality, a community, a province, or a series of them to a market to promote their jurisdiction to foreign investors, to attract them to come to Canada to establish themselves, create jobs, develop a laboratory, a manufactu

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  Yes, they will be part of the public service.

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  Over five years that includes two things, the creation of the agency, but also strengthening the network of trade commissioners abroad.

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  The Invest in Canada hub is not going to be a financial institution. It's a promotional entity. It really is there to attract foreign investors and to make the sales pitches. Then the hub can introduce those investors to the Canadian stakeholders such as BDC and EDC, or other dep

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  The headquarters of the organization has not been decided on yet. Obviously, one of the key roles of the hub will be to work with provinces and municipalities. Presumably it could envision having antennae, but these decisions have not been made.

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  That's a very interesting question. There is interest in indigenous communities sometimes to attract foreign investments through, for instance, the regional development agencies. There are certainly connections that can be made there. It is part of its mandate to attract investme

May 30th, 2017Committee meeting

Louis Marcotte

Finance committee  Thank you, Mr. Chair. The Budget Implementation Act, 2017, No. 1 introduces the enabling legislation of the Invest in Canada Hub announced in the 2016 Fall Economic Statement. This new federal body is to work globally, in partnership with federal departments, as well as with pr

May 15th, 2017Committee meeting

Louis Marcotte