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Finance committee Perhaps I could start on that question. I work in the area of Finance Canada with policy responsibility for domestic economic development. In the first instance, we are the part of the department that looks across the infrastructure programming at the federal level. I absolutel
April 30th, 2020Committee meeting
Evelyn Dancey
Government Operations committee That is exactly the answer I would have given. Certainly, infrastructure is one of the tried and tested stimulus levers. At an appropriate time we would be turning our minds to such things that have worked in the past to stimulate the economy, but we really still need to see our
May 4th, 2020Committee meeting
Evelyn Dancey
Government Operations committee I'll pick up from Alison. Broad-based economic supports have been rolled out by the government that are relevant to the vast proportion of Canadian businesses, so the first effort was those responses of general applicability across government in lead portfolios for the last sev
May 4th, 2020Committee meeting
Evelyn Dancey
Government Operations committee I suppose that in terms of what I was trying to convey, though perhaps not succinctly, was that programs of general applicability are doing very much to support the sectoral challenges that are arising, such as labour bills, for example, and just general liquidity. I was going to
May 4th, 2020Committee meeting
Evelyn Dancey
Government Operations committee About two weeks ago, the government did announce a package of small business and sectoral assistance measures, which included a few targeted measures for the energy sector. You might be familiar with those already.
May 4th, 2020Committee meeting
Evelyn Dancey
Government Operations committee Very briefly, they included $1.72 billion in support—
May 4th, 2020Committee meeting
Evelyn Dancey
Government Operations committee On energy support, the announcement of April 17, in addition to the wells and the emissions fund, there was also a reference to new financing products to be offered by Export Development Canada and the Business Development Bank of Canada. They are a specific response to the parti
May 4th, 2020Committee meeting
Evelyn Dancey
Government Operations committee The government's response has been iterative, and so it is believed that these instruments will be very relevant, again, for the vast number of companies in the sector. These are mid-sized companies with larger financing needs than had previously been addressed under BCAP.
May 4th, 2020Committee meeting
Evelyn Dancey
Finance committee Sure, simply to add appreciation for those thoughtful comments. I share the view that an awful lot of learning and collaboration has come to the fore in the past few months and will endure through our stabilization and recovery. I think we will have a great interest in thinking
May 14th, 2020Committee meeting
Evelyn Dancey
Finance committee The LEEFF is targeted to transactions of about $60 million or higher per firm. At this time, the government has not provided an estimated ceiling or size of the program. The reason is that it is very uncertain in terms of the economic landscape and the financing requirements of t
May 14th, 2020Committee meeting
Evelyn Dancey
Finance committee In respect of discussions with air carriers, of course the large employer emergency financing facility program is available to air carriers that meet the size threshold of that program. In respect of the issue of vouchers, that would be a matter that is discussed outside the cont
June 11th, 2020Committee meeting
Evelyn Dancey
Finance committee I can offer a bit of background on this. As the member would know, there are now a large number of federal infrastructure programs, both legacy, from the first mandate of this government, and more recent announcements by the government. Overall, the responsibility for integrated
June 16th, 2020Committee meeting
Evelyn Dancey
Finance committee I'm sorry. Thank you, Mr. Chair. I'll just give it in short form. What I was saying is that Infrastructure Canada is the best place to bring together and integrate the data on the federal infrastructure programs. It does release reports on its website, but this is continually a
June 16th, 2020Committee meeting
Evelyn Dancey
Finance committee Sure. On the first part of the question, in respect to corporate loan writeoffs, the Department of Finance does not extend loans directly to companies, to my awareness. That information wouldn't be reflected in our individual departmental reporting. My understanding is, for exa
June 16th, 2020Committee meeting
Evelyn Dancey
Finance committee I was going to say exactly what my colleague Andrew said in that a portion of the proceeds have been identified for federal programming that has just been named for the MUSH sector and SMEs.
June 16th, 2020Committee meeting
Evelyn Dancey