So V ote

May/29/23 8:31:42 p.m.
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Mr. Chair, I would normally be surprised to hear the Governor of the Bank of Canada, Tiff Macklem, described as partisan, but given that the member's party has done the astonishing thing of undermining the credibility of the Bank of Canada, I am beyond being surprised by it.

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May/29/23 8:41:47 p.m.
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Mr. Chair, David Dodge, a former governor of the Bank of Canada, proposed an important way to think about the debt—

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Mrs. Stephanie Kusie

May/29/23 9:31:07 p.m.
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Madam Chair, can the deputy minister inform us as to McKinsey's role in the creation of the Canada Infrastructure Bank?

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May/29/23 9:31:17 p.m.
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Madam Chair, the Canada Infrastructure Bank was set up when I was trade minister and foreign minister, so I was not directly involved in its creation.

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Mrs. Stephanie Kusie

May/29/23 9:31:42 p.m.
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Madam Chair, have the Deputy Prime Minister and Mr. Sabia ever discussed the Canada Infrastructure Bank?

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May/29/23 9:31:48 p.m.
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Madam Chair, I have certainly discussed the Canada Infrastructure Bank with our deputy minister of finance, and in fact the Canada Infrastructure Bank is referred to in all the—

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Mr. Marty Morantz (Charleswood—St. James—Assiniboia—Headingley, CPC)

May/29/23 9:36:45 p.m.
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Madam Chair, to the Minister of Finance, how much was the Bank of Canada's surplus for the receiver general in 2020?

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Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)

May/29/23 9:36:54 p.m.
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Madam Chair, I am glad to hear the Bank of Canada mentioned, because it gives me a chance to quote David Dodge, who made a very important point about the misguided Conservative policies in responding to—

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May/29/23 9:37:11 p.m.
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Madam Chair, it was $1,772,900,000. How much was the Bank of Canada surplus for the receiver general in 2021?

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May/29/23 9:37:40 p.m.
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Madam Chair, the answer was $2,780,000,000. How much was the Bank of Canada surplus for the receiver general in 2022?

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May/29/23 9:38:03 p.m.
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Madam Chair, the answer is zero. How much did the Bank of Canada lose in 2022?

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May/29/23 9:38:22 p.m.
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Madam Chair, the bank lost $705 million. When was the last time the Bank of Canada had a loss before 2022?

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May/29/23 9:38:32 p.m.
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Madam Chair, the Bank of Canada, together with the government, supported Canadians during COVID. We did what we had to do, and it worked.

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May/29/23 9:38:42 p.m.
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Madam Chair, the answer is that the bank never had a loss before 2022. On a prospective basis, how much does the Bank of Canada project these bank losses will be over the next few years?

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