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View Sean Fraser Profile
Lib. (NS)
View Sean Fraser Profile
2020-03-10 17:25
Thanks very much, Pierre. I might actually get a break in question period tomorrow.
Voices: Oh, oh!
Mr. Sean Fraser: There are a couple of things I wanted to follow up on in the time that we have remaining. There have been some questions around your potentially receiving an invitation from this committee, through a motion, Mr. Giroux, to consider the cost of pulling money out of the economy through taxation. I think you quite properly pointed out that borrowing is another way to finance government expenditures.
I was taking a look, since that question came up, at the rate of the 30-year Government of Canada bond. It's currently at 0.704%, which is effectively the rate at which the market will lend to the federal government. I'm curious if you would be able to, technically speaking, in this kind of exercise, assess whether the return on investment of government expenditures to support business growth would exceed the borrowing rate that the Government of Canada is benefiting from, which is, realistically, at a historic low.
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