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Results: 1 - 15 of 1565
View Scott Brison Profile
Lib. (NS)
Thank you, Mr. Chair.
Welcome, Governor.
EDC's global export forecast for spring of 2013 suggested that exports will be a key driver for Canadian growth over the next two years and that “a softer loonie” will help. According to the Bank of Canada's recent monetary policy report, the loonie is predicted to stay near 98¢ U.S. in the near term. Do you believe the loonie is overvalued today, the Canadian dollar?
View Scott Brison Profile
Lib. (NS)
Governor Carney welcomed the move to tighten the rules from 40-year mortgages to 25-year mortgages. He called the move, when he was before this committee, desirable and prudent. Would you agree with Governor Carney?
View Scott Brison Profile
Lib. (NS)
Would you agree logically that it was imprudent to loosen the rules and allow 40-year mortgages with no down payment in 2006? You have opined on one. I assume you're prepared to opine on the other.
View Scott Brison Profile
Lib. (NS)
Earlier this year, Moody's downgraded six of Canada's biggest banks citing concerns over consumer debt levels and inflated housing prices. Was this an overreaction?
View Scott Brison Profile
Lib. (NS)
Would it make the list of risks or would it perhaps be one of the most important risks?
View Scott Brison Profile
Lib. (NS)
Governor, following on your exchange with Mr. Jean, let me ask how important commodity demand will be to the recovery of the Canadian economy.
View Scott Brison Profile
Lib. (NS)
This morning you predicted that we will have an unusual recovery. You've compared it to the post-war reconstruction cycle. That one was driven by a conversion of war-time production to the manufacturing of consumer goods; that was a manufacturing-led recovery.
Why do you compare what you have just said will be a commodity-led recovery to the post-war reconstruction period, which was a manufacturing-led recovery?
View Scott Brison Profile
Lib. (NS)
Do you agree, though, that the manufacturing jobs created post-war were quite different from many of the jobs being created today?
View Scott Brison Profile
Lib. (NS)
Sure.
In 2005 you referred to the Dutch disease as a debilitating illness for Canada.
Do you still believe that?
View Scott Brison Profile
Lib. (NS)
Certainly.
You have an inspiring life story. You described one of your key breaks as being that job at the Bank of Canada early in life, as a student. You were paid for that job at that time?
Mr. Stephen S. Poloz: Yes.
Hon. Scott Brison: Yes. Well, today the phenomenon of unpaid internships has reached an unprecedented level.
As an economist, what do you believe are the potential economic consequences of this growth toward unpaid internships, and the effects on equality of opportunity? Wealthier families can afford to have their children taking these kinds of great job experiences, while poorer families require that their children take any job that pays.
Is there a threat, do you see, as an economist?
Mr. Stephen S. Poloz: Well, in reference to that—
View Scott Brison Profile
Lib. (NS)
Thank you.
On May 9, my colleague Ted Hsu asked the officials a few questions that, at the time, they were unable to answer. No information has been provided back to the committee since then, so I'd like to try again.
First, which missions in the last decade have had, at any time, a risk score between 1.5 and 2?
Secondly, have any of the prescribed missions under the income tax regulations had, at any time, a risk score lower than 2—not to be confused with a risk level of 2. This is the category of missions with a risk score between 1.5 and 2.49.
View Scott Brison Profile
Lib. (NS)
I appreciate Mr. Keenan's earnest response, but he would understand that it's difficult for us as parliamentarians to deal with the legislation today when we're still waiting for information.
I propose Liberal-1 amendment, the rationale being that today the government has the discretion to provide tax-free status to missions with a risk score between 1.5 and 2. Bill C-60 gets rid of that discretion. It effectively handcuffs the government and prevents it from extending tax-free status to certain missions. And the government has yet to provide the rationale for this. My amendment would simply restore that discretion.
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