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Finance committee But I'm thinking that he's not. Thank you, Mr. Poilievre, for sending the question in advance. It did allow us to put your answer together for you. If you would like, I can provide this in writing after as well.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee In total, between March 1 and March 27, we've issued $371.5 billion in debt. Of that, 76.2%, or $283 billion, is in the form of T-bills; $26 billion, or 7%, in two-year bonds; $9 billion, or 2.4%, in three-year bonds; $16.5 billion, or 4.4%, in five-year bonds; $9 billion, or 2.4
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Just so I am sure to answer the question correctly, is this in respect of financial institutions and the deferral of their mortgages, or is it about the rent subsidy program?
April 30th, 2020Committee meeting
Soren Halverson
Finance committee If you're getting those kinds of questions, I would have them directed toward the finance department or CMHC. They're questions of a nature that we'd like to perhaps work through a bit more with the people who are posing them. I can't immediately get insight into where they might
April 30th, 2020Committee meeting
Soren Halverson
Finance committee Thank you for the question. When it comes to the way the program is being executed, it's within a policy frame now. I'm not going to speculate on where that's going. I will say, in respect of contractors, there are issues in terms of how those fees for services are reported and
April 30th, 2020Committee meeting
Soren Halverson
Finance committee I believe you're working with the most specific guidance right there that is currently available on timing.
April 30th, 2020Committee meeting
Soren Halverson
Finance committee Thank you for those comments. At present that's as far as we've gone in terms of specificity. It's something that people are working very hard on, and we'll come back with specific timing as soon as that's available.
April 30th, 2020Committee meeting
Soren Halverson
Finance committee People understand that it is very time-sensitive, and I just am not in a position to speculate on the specifics around timing.
April 30th, 2020Committee meeting
Soren Halverson
Finance committee We have considerable headroom, at the moment.
April 30th, 2020Committee meeting
Soren Halverson
Finance committee What I can say is that the rent program is part of a suite of programs. It's worth taking into consideration the availability of the CEBA, the availability of CERB payments, and the availability of funds through the RDAs and community futures. In the totality of those programs, w
April 30th, 2020Committee meeting
Soren Halverson
Finance committee I don't have guidance on that beyond what's already been made public. There's an intent to provide further information on that shortly. I can't give you more specificity than that.
April 30th, 2020Committee meeting
Soren Halverson
Finance committee As you mentioned, we've seen deferrals on the part of the banks. We're working closely with them when it comes to other measures. For example, on the CEBA, we're working in close partnership there. We do see them as part of the solution in keeping the financial system working. I
April 30th, 2020Committee meeting
Soren Halverson
Finance committee That's a fair comment. Yes, they serve an administrative function in that arrangement.
April 30th, 2020Committee meeting
Soren Halverson
Finance committee When the program was set up, the intent was to be able to provide support broadly and very rapidly. Within two weeks of establishing the program, 500,000 loans have been extended to small businesses across the country. That's equivalent to just a little more than $20 billion. It
April 30th, 2020Committee meeting
Soren Halverson
Finance committee I think your question has probably multiple levels in the answer, so a policy decision is embedded somewhere in the answer there. At present, there are funds allocated to the program. I speculate, on the part of the government, that as we were to approach that limit, then people
April 30th, 2020Committee meeting
Soren Halverson