Finance committee  Let me just say quickly that the investment comparisons actually favour Canada more in those resource industries. I highlighted machinery and equipment and intellectual property products as particularly bad, so—

Finance committee  That's right.

Finance committee  I, like many economists, think a price on carbon used alone would be a very effective way of discouraging emissions, but the problem is we've layered so much else on top—

Finance committee  I think anything that is sector-specific is a bit troubling. You didn't ask about this particularly, but it came up earlier that we have very large subsidies for certain types of investment in energy, so you're effectively picking winners. Since every dollar has to come from some

Finance committee  No, I wouldn't agree with that. I think the U.S. is compromising its fiscal future in all kinds of ways. It's actually worse than us—

Finance committee  I'm in favour of what was said earlier about open banking. I think more competition in general is a good thing, including in financial services. What concerns me—and we saw it recently in the grocery discussions—is that people aren't that eager to come into the Canadian market.

Finance committee  I can save some of the time I used up earlier by just saying yes to that.

Finance committee  I'll just say that we do have high taxes in Canada. I've heard some comments in favour of making taxes higher. Taxes in Canada are already high. Arguably, taxpayers might be getting a little more disillusioned when it comes to what they're getting for their taxes. People will pay

Finance committee  It's quite logical for people in various lines of businesses in Canada to be saying, “Well, they hit the banks and the insurers last time, and now they're going after the Internet companies. I'm in groceries or something else. Maybe I'm next.” That's not a good atmosphere for inv

Finance committee  Yes. What you're doing is looking at output, and you're trying to correct for prices—

Finance committee  That is a deep question, which you may have anticipated in asking it. Income per worker will go up. The way productivity gets measured in the short run is it's an attempt to look at the inputs per unit of output in volume terms. Sometimes in the short run, when you get an incre

Finance committee  It concerns me very much. I think for a period of time it was possible in Canada, back around the middle of the last decade, to say, well, we had an oil price collapse and the resource industries were under pressure, and then with COVID and so on, different countries reacted in d

Finance committee  Thank you very much for having me. It's an honour to be invited to present to this group. I apologize for doing it online. I accepted right away when invited to appear in front of the committee. It's part of my job and, as I said, an honour, but I have to admit that after accept

Government Operations committee  I'd be happy to take it up later.

Government Operations committee  I hope so.