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Transport committee  Yes. We've asked the government repeatedly to provide us with that information. As we asked for details, more information that was missing progressively came to light. We are still missing information about [Technical Difficulty—Editor] to 9,000 projects out of the 53,000.

March 23rd, 2021Committee meeting

Yves Giroux

Transport committee  Yes. That is exactly it. We found that, generally speaking, federal infrastructure transfers increased. For example, it increased by $1 billion in 2018-19, but overall provincial infrastructure spending decreased by $733 million. Federal spending seems to have displaced at leas

March 23rd, 2021Committee meeting

Yves Giroux

Transport committee  I'm sure Nora can provide better information than I can.

March 23rd, 2021Committee meeting

Yves Giroux

Transport committee  Thank you, Mr. Chair. Good afternoon, Mr. Chair and members of the committee. Thank you for the invitation to appear before you today. We are pleased to be here to discuss my office's work as part of your ongoing study of the Canada Infrastructure Bank. With me today I have No

March 23rd, 2021Committee meeting

Yves Giroux

Finance committee  Well, I can certainly remember studies released by Statistics Canada which indicate that the CCB has lifted a tremendous number of kids out of poverty. Because it's a Statistics Canada study, I don't remember exactly the numbers, but I certainly remember that it is the overall co

March 18th, 2021Committee meeting

Yves Giroux

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  I understand the question clearly, and I also understand that it's probably a matter of judgment much more than of facts. I have provided you with my views on the ceiling and on the buffer. Whether it's an unnecessary buffer or not.... Different stakeholders will tell you differe

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  At last count it was about 48% to 50%, based on the projected spending and the size of the economy. More accurate numbers will probably be available after the end of the fiscal year, when we have a clearer picture of the financial situation of the government.

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  It's difficult to make a one-to-one comparison, central government-to-central government, given the different structures of many countries. For example, the U.K. is a unitary country with a unitary government for the most part. It's the same with France. However, Canada is gener

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  I don't have the report in front of me, but for these numbers, if you quote them from the report, I assume them to be correct.

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  That's an interesting question and a question that could be a minefield, too. I'll answer in the following way. When the government indicated that it would spend $70 billion to $100 billion, it indicated it would spend that with a goal or a target of enhancing economic growth and

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  There are many things special about Canada but not when it comes to justifying the absence of a budget.

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  It certainly provides lots of flexibility to the government to have that level of borrowing authority. It's probably more than what is absolutely strictly necessary, from what we have seen so far, but it provides a very good buffer. Is it reasonable or not? Again, I leave that in

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  Thank you, Mr. Ste-Marie. The Fall Economic Statement 2020 mentioned the employment insurance operating account, but it did not give a very clear picture of the way it has evolved in the current economic situation, given that benefits have been expanded and extended. Clearly, we

March 18th, 2021Committee meeting

Yves Giroux

Finance committee  That's a very broad question, Mr. Julian. I don't know if I should thank you for that or not. With respect to the capacity or what the CRA could do, or where it is lacking, it's probably a question that would be best answered in a much longer study. I would say, generally speaki

March 18th, 2021Committee meeting

Yves Giroux