Refine by MP, party, committee, province, or result type.
Finance committee I'm conjecturing that this is an issue potentially around programs like the Canada emergency business account.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee In that regard, if it's a new business number and they need funding, they need to be looking at multiple channels at this point, including through the regional development agencies or alternative programs. As far as I understand it, that situation would preclude the company fro
May 28th, 2020Committee meeting
Soren Halverson
Finance committee The program has authorities to.... This is from memory. I would need to refer back to the numbers. I don't have them at my fingertips. There is no effective constraint at present. It would be 50% utilization. By design, there was excessive headroom put into the program, just to m
May 28th, 2020Committee meeting
Soren Halverson
Finance committee I'll take it. Thank you for the comment. At this point, I will take it as feedback from the program. It's not an issue that I'm aware of as having been raised, but in the spirit of hearing the experiences that people are having, it's good to hear that. Thank you.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Can I get away with yes? There's ongoing work on debt management planning that takes place between the Bank of Canada and the Department of Finance.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee For reasons that I alluded to in an earlier answer, we're working to improve our understanding of how many loans have been extended. We will come back with better information on that. It's something that we're in active conversations with financial institutions about right now.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee I can tell you that there's—
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Loans have been advanced, but the uptake was slower than initially expected. As a consequence of that, changes were actually made to the structure of the instruments. For example, with respect to the EDC guarantee, the guarantee term was extended from one year to up to five years
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Thanks for the question, Mr. Julian. That's a policy decision that's not part of the program as it currently exists. The program is supplemented by a range of other supports to assist small businesses.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Hello, Mr. Julian. Thanks for the question. I personally have not seen the term structure of the debt in the Second World War, but I will take that question back and see what we can find in the records.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee What I can tell you is that both programs are run through the two Crown financial institutions under their own authorities, so I draw a distinction between those programs and the Canada emergency business account, where parliamentarians have had a little more of a rapid view into
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Yes. They are 90-day, short-term.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee The reliance on T-bills in the short term is really reflective of T-bills essentially being a shock absorber, if you will. It's the most flexible part of the debt market. The other comment I would offer is that if you look at the overall distribution of our debt, we have about 2
May 28th, 2020Committee meeting
Soren Halverson
Finance committee We'll do that. Thank you. Your point is well taken, Mr. Poilievre. You know, you will see some terming out of the debt. The reliance on the T-bills to the extent that you've seen is really, as I've said, a function of that being the shock absorption part of the market.
May 28th, 2020Committee meeting
Soren Halverson
Finance committee Hi there. I was checking to see whether my deputy was still on the call.
May 28th, 2020Committee meeting
Soren Halverson