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{
    "objects": [
        {
            "time": "2024-12-09 16:00:00",
            "attribution": {
                "en": "The Chair (Mr. Jo\u00ebl Lightbound (Louis-H\u00e9bert, Lib.))",
                "fr": "Le pr\u00e9sident (M. Jo\u00ebl Lightbound (Louis-H\u00e9bert, Lib.))"
            },
            "content": {
                "en": "<p data-HoCid=\"8808411\" data-originallang=\"fr\">Good morning, everyone.</p>\n<p data-HoCid=\"8808412\" data-originallang=\"fr\">I call this meeting to order.</p>\n<p data-HoCid=\"8808413\" data-originallang=\"fr\">Welcome to meeting number 151 of the House of Commons Standing Committee on Industry and Technology.</p>\n<p data-HoCid=\"8808414\" data-originallang=\"fr\">Before we begin, I would like to ask all members and other in-person participants to consult the cards on the table. They provide guidelines to prevent audio feedback incidents. This is about everyone's health and safety, especially the interpreters, whom we sincerely thank.</p>\n<p data-HoCid=\"8808415\" data-originallang=\"fr\">Pursuant to the Order of Reference of the House and the motion agreed to on November 21, 2024, the committee is commencing its study of the subject matter of the Supplementary Estimates (B) 2024-25.</p>\n<p data-HoCid=\"8808416\" data-originallang=\"fr\">In addition, pursuant to the motion adopted on Thursday, September 19, 2024, and the order of the House referring back the twentieth report of the committee entitled \u201cPotential Anti-Competitive Behaviour in Canada\u2019s E-Transfer Ecosystem\u201d the committee is resuming its study on credit card practices and regulations in Canada.</p>\n<p data-HoCid=\"8808417\" data-originallang=\"fr\">As a reminder to members, today is an extended four-hour meeting. We are running a bit late, so the meeting will continue until eight o'clock.</p>\n<p data-HoCid=\"8808418\" data-originallang=\"fr\">Let's get started right away.</p>\n<p data-HoCid=\"8808419\" data-originallang=\"fr\">I am very pleased to welcome today Fran\u00e7ois-Philippe Champagne, Minister of Innovation, Science and Industry. He is accompanied by Chrystia Freeland, Deputy Prime Minister and Minister of Finance.</p>\n<p data-HoCid=\"8808420\" data-originallang=\"fr\">Welcome to you both. Thank you for making yourselves available for this meeting.</p>\n<p data-HoCid=\"8808421\" data-originallang=\"fr\">Accompanying the Minister of Finance is Julien Brazeau, associate assistant deputy minister, financial sector policy branch.</p>\n<p data-HoCid=\"8808422\" data-originallang=\"fr\">From the Department of Industry, we have Philip Jennings, deputy minister, Innovation, Science and Economic Development Canada.</p>\n<p data-HoCid=\"8808423\" data-originallang=\"fr\">I would also like to thank Mr. Jennings and Mr. Brazeau for joining us.</p>\n<p data-HoCid=\"8808424\" data-originallang=\"fr\">Without further ado, I yield the floor to you, Ms. Freeland.</p>",
                "fr": "<p data-HoCid=\"8808411\" data-originallang=\"fr\">Bonjour \u00e0 tous et \u00e0 toutes.</p>\n<p data-HoCid=\"8808412\" data-originallang=\"fr\">Je d\u00e9clare la s\u00e9ance ouverte.</p>\n<p data-HoCid=\"8808413\" data-originallang=\"fr\">Bienvenue \u00e0 la 151<sup>e</sup> r\u00e9union du Comit\u00e9 permanent de l'industrie et de la technologie de la Chambre des communes.</p>\n<p data-HoCid=\"8808414\" data-originallang=\"fr\">Avant de commencer, j'aimerais demander \u00e0 tous de bien vouloir prendre connaissance du petit carton qui est plac\u00e9 devant eux. Cela concerne les consignes visant \u00e0 \u00e9viter les incidents acoustiques. Il s'agit de la s\u00e9curit\u00e9 et de la sant\u00e9 de tous, particuli\u00e8rement les interpr\u00e8tes, que nous remercions chaleureusement.</p>\n<p data-HoCid=\"8808415\" data-originallang=\"fr\">Conform\u00e9ment \u00e0 l'ordre de renvoi de la Chambre et \u00e0 la motion adopt\u00e9e le 21 novembre 2024, le Comit\u00e9 entreprend son \u00e9tude de l'objet du Budget suppl\u00e9mentaire des d\u00e9penses (B) 2024\u20112025.</p>\n<p data-HoCid=\"8808416\" data-originallang=\"fr\">De plus, conform\u00e9ment \u00e0 la motion adopt\u00e9e le jeudi 19 septembre 2024 et \u00e0 l'ordre de la Chambre renvoyant le 20<sup>e</sup> rapport du Comit\u00e9 intitul\u00e9 \u00ab Les comportements anticoncurrentiels potentiels dans l'\u00e9cosyst\u00e8me des virements \u00e9lectroniques au Canada \u00bb, le Comit\u00e9 reprend son \u00e9tude sur les pratiques relatives aux cartes de cr\u00e9dit au Canada et sur la r\u00e9glementation s'y rattachant.</p>\n<p data-HoCid=\"8808417\" data-originallang=\"fr\">Je rappelle \u00e0 tous que nous tiendrons une rencontre extraordinaire de quatre heures, aujourd'hui. Comme nous avons un peu de retard, la r\u00e9union se poursuivra jusqu'\u00e0 20 h.</p>\n<p data-HoCid=\"8808418\" data-originallang=\"fr\">Commen\u00e7ons sans plus tarder.</p>\n<p data-HoCid=\"8808419\" data-originallang=\"fr\">Je suis tr\u00e8s heureux d'accueillir, aujourd'hui, M. Fran\u00e7ois-Philippe Champagne, ministre de l'Innovation, des Sciences et de l'Industrie. Il est accompagn\u00e9 de Mme Chrystia Freeland, vice-premi\u00e8re ministre et ministre des Finances.</p>\n<p data-HoCid=\"8808420\" data-originallang=\"fr\">Bienvenue \u00e0 vous deux. Je vous remercie de vous rendre disponibles pour cette r\u00e9union.</p>\n<p data-HoCid=\"8808421\" data-originallang=\"fr\">La ministre des Finances est accompagn\u00e9e de M. Julien Brazeau, sous-ministre adjoint d\u00e9l\u00e9gu\u00e9, direction de la politique du secteur financier.</p>\n<p data-HoCid=\"8808422\" data-originallang=\"fr\">Le minist\u00e8re de l'Industrie est repr\u00e9sent\u00e9 par M. Philip Jennings, sous-ministre, Innovation, Sciences et D\u00e9veloppement \u00e9conomique Canada.</p>\n<p data-HoCid=\"8808423\" data-originallang=\"fr\">Je remercie \u00e9galement MM. Jennings et Brazeau de se joindre \u00e0 nous.</p>\n<p data-HoCid=\"8808424\" data-originallang=\"fr\">Sans plus tarder, je vous c\u00e8de la parole, madame Freeland.</p>"
            },
            "url": "/committees/industry/44-1/151/the-chair-1/",
            "politician_url": "/politicians/joel-lightbound/",
            "politician_membership_url": "/politicians/memberships/4431/",
            "procedural": true,
            "source_id": "13053767",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:00:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance)",
                "fr": "L\u2019hon. Chrystia Freeland (vice-premi\u00e8re ministre et ministre des Finances)"
            },
            "content": {
                "en": "<p data-HoCid=\"8808425\" data-originallang=\"fr\">Thank you, Mr. Chair.</p>\n<p data-HoCid=\"8808426\" data-originallang=\"fr\">I am pleased to be here today.</p>\n<p data-HoCid=\"8808427\" data-originallang=\"fr\">Our government takes the financial protection of businesses and consumers very seriously, and that includes credit cards.</p>\n<p data-HoCid=\"8808428\" data-originallang=\"fr\">Today, I would like to talk about four areas in which our government has taken action in recent years in relation to credit cards.</p>\n<p data-HoCid=\"8808429\" data-originallang=\"en\"> First, we are lowering credit card transaction fees for small businesses. In 2023, our government reached agreements with Visa and Mastercard to lower credit card fees paid by small businesses. These agreements came into effect on October 19 this year. Thanks to these agreements, more than 90% of businesses that accept credit cards are paying lower fees and have seen their fees reduced by up to 27%. Over the next five years, these agreements will save eligible Canadian small businesses about $1 billion, and we're doing this while protecting and preserving the rewards points Canadians receive from their credit cards. For a small business, that is money that can be used in so many ways: to advertise, to buy new equipment, to pay down loans, to hire staff or just to give themselves a little extra breathing room.</p>\n<p data-HoCid=\"8808430\" data-originallang=\"en\">Let me be clear: We negotiated these agreements to help small businesses. We have repeatedly stated that we expect all payment processors\u2014that includes Stripe\u2014to pass these savings on to businesses, and we are prepared to take further action to make sure that happens.</p>\n<p data-HoCid=\"8808431\" data-originallang=\"fr\">Second, we announced a revised code of conduct for the payment card industry in Canada to protect over one million businesses that engage in credit and debit card transactions with their customers.</p>\n<p data-HoCid=\"8808432\" data-originallang=\"fr\">Since October 30, 2024, the revised code has been helping businesses compare prices and offers by different payment processing services.</p>\n<p data-HoCid=\"8808433\" data-originallang=\"fr\">In addition, the code aims to reduce the time it takes to address complaints from businesses to only 20 business days. This transparency and ease are positive for merchants. All major payment card network operators in Canada have agreed to the terms of the revised code.</p>\n<p data-HoCid=\"8808434\" data-originallang=\"en\"> Third, we introduced the financial consumer protection framework, in 2022, to protect consumers by making sure they have additional and timely information to help with decision-making, including related to their credit cards. For example, banks must send electronic alerts when credit available on a credit card or line of credit falls below $100. Banks must also send timely reminders when products and services are set to renew. For products or services with 30 days or more, two reminders must be sent before the end of term. The framework ensures banks must also have policies and procedures in place to ensure that the products and services they offer to consumers, including credit cards, are appropriate to the consumers' financial needs. Additionally, banks must provide certain information in a prominent way to consumers when they apply for credit cards, such as key interest rates and fees.</p>\n<p data-HoCid=\"8808435\" data-originallang=\"en\">Fourth, and finally, to ensure Canadians can count on always being treated fairly by their bank, I designated the ombudsman for banking services and investments as Canada's single transparent, not-for-profit external complaints body for the banking sector. This strengthened complaints body has had jurisdiction to resolve complaints at all Canadian banks starting on November 1.</p>\n<p data-HoCid=\"8808436\" data-originallang=\"fr\">For too long, banks have been able to pick and choose who is going to resolve complaints from Canadians. With an independent, transparent, not-for-profit ombudsman, Canadians will benefit from greater transparency. Our government will continue to ensure that Canadians are treated fairly by their banks. We will ensure that they have access to affordable, quality banking options.</p>\n<p data-HoCid=\"8808437\" data-originallang=\"fr\">Thank you, Mr. Chair.</p>",
                "fr": "<p data-HoCid=\"8808425\" data-originallang=\"fr\"> Merci, monsieur le pr\u00e9sident.</p>\n<p data-HoCid=\"8808426\" data-originallang=\"fr\">Cela me fait plaisir d'\u00eatre ici, aujourd'hui.</p>\n<p data-HoCid=\"8808427\" data-originallang=\"fr\">Notre gouvernement prend la protection financi\u00e8re des entreprises et des consommateurs tr\u00e8s au s\u00e9rieux, ce qui inclut les cartes du cr\u00e9dit.</p>\n<p data-HoCid=\"8808428\" data-originallang=\"fr\">Aujourd'hui, j'aimerais parler de quatre domaines dans lesquels notre gouvernement a agi dans les derni\u00e8res ann\u00e9es en lien avec les cartes du cr\u00e9dit.</p>\n<p data-HoCid=\"8808429\" data-originallang=\"en\"> Premi\u00e8rement, nous r\u00e9duisons les frais de transaction par cartes de cr\u00e9dit pour les petites entreprises. En 2023, notre gouvernement a conclu des ententes avec Visa et Mastercard pour r\u00e9duire les frais de carte de cr\u00e9dit pay\u00e9s par les petites entreprises. Ces ententes sont entr\u00e9es en vigueur le 19 octobre dernier. Gr\u00e2ce \u00e0 elles, plus de 90 % des entreprises qui acceptent les cartes de cr\u00e9dit paient des frais moins \u00e9lev\u00e9s et ceux\u2011ci ont \u00e9t\u00e9 r\u00e9duits jusqu'\u00e0 hauteur de 27 %. Au cours des cinq prochaines ann\u00e9es, ces ententes permettront aux petites entreprises canadiennes admissibles d'\u00e9conomiser environ 1 milliard de dollars, et tout cela, en prot\u00e9geant et en pr\u00e9servant les points de r\u00e9compense que les Canadiens re\u00e7oivent gr\u00e2ce \u00e0 leurs cartes de cr\u00e9dit. Pour une petite entreprise, c'est de l'argent qui peut \u00eatre utilis\u00e9 pour faire de la publicit\u00e9, pour acheter du nouveau mat\u00e9riel, pour rembourser des pr\u00eats, pour embaucher du personnel ou simplement pour se donner un peu plus de marge de man\u0153uvre.</p>\n<p data-HoCid=\"8808430\" data-originallang=\"en\">Je tiens \u00e0 pr\u00e9ciser que nous avons n\u00e9goci\u00e9 ces ententes pour aider les petites entreprises. Nous avons d\u00e9clar\u00e9 \u00e0 maintes reprises que nous nous attendons \u00e0 ce que tous les services de traitement de paiement \u2014 y compris Stripe \u2014 fassent profiter les entreprises de ces \u00e9conomies, et nous sommes pr\u00eats \u00e0 prendre d'autres mesures pour nous en assurer.</p>\n<p data-HoCid=\"8808431\" data-originallang=\"fr\">Deuxi\u00e8mement, nous avons annonc\u00e9 une version r\u00e9vis\u00e9e du Code de conduite destin\u00e9 \u00e0 l'industrie des cartes de paiement au Canada pour prot\u00e9ger plus d'un million d'entreprises qui font des transactions par carte de cr\u00e9dit et par carte de d\u00e9bit avec leurs clients.</p>\n<p data-HoCid=\"8808432\" data-originallang=\"fr\">Depuis le 30 octobre 2024, le Code r\u00e9vis\u00e9 aide les entreprises \u00e0 comparer les prix et les offres de diff\u00e9rents services de traitement de paiement.</p>\n<p data-HoCid=\"8808433\" data-originallang=\"fr\">De plus, le Code vise \u00e0 r\u00e9duire le d\u00e9lai de traitement des plaintes venant des entreprises \u00e0 seulement 20 jours ouvrables. Ce genre de transparence et de facilit\u00e9 est positif pour les commer\u00e7ants. Tous les principaux exploitants du r\u00e9seau de cartes de paiement au Canada ont accept\u00e9 les modalit\u00e9s du Code r\u00e9vis\u00e9.</p>\n<p data-HoCid=\"8808434\" data-originallang=\"en\"> Troisi\u00e8mement, nous avons mis en place le Cadre de protection des consommateurs de produits et services financiers, en 2022, pour prot\u00e9ger les consommateurs en veillant \u00e0 ce qu'ils disposent de renseignements suppl\u00e9mentaires en temps opportun pour faciliter la prise de d\u00e9cisions, y compris en ce qui a trait \u00e0 leurs cartes de cr\u00e9dit. Par exemple, les banques doivent envoyer des alertes \u00e9lectroniques lorsque le cr\u00e9dit disponible sur une carte de cr\u00e9dit ou une marge de cr\u00e9dit est inf\u00e9rieur \u00e0 100 $. Les banques doivent \u00e9galement envoyer des rappels en temps opportun lorsque des produits et services sont sur le point d'\u00eatre renouvel\u00e9s. Pour les produits ou services fournis pour une p\u00e9riode de 30 jours ou plus, deux rappels doivent \u00eatre envoy\u00e9s avant l'\u00e9ch\u00e9ance. Le cadre fait en sorte que les banques doivent \u00e9galement mettre en place des politiques et des proc\u00e9dures pour veiller \u00e0 ce que les produits et services qu'elles offrent aux consommateurs, y compris les cartes de cr\u00e9dit, correspondent \u00e0 leurs besoins financiers. De plus, les banques doivent fournir certains renseignements aux consommateurs qui font une demande de carte de cr\u00e9dit, comme les principaux taux d'int\u00e9r\u00eat et les frais.</p>\n<p data-HoCid=\"8808435\" data-originallang=\"en\">En quatri\u00e8me et dernier lieu, pour veiller \u00e0 ce que les Canadiens puissent toujours compter sur un traitement \u00e9quitable de la part de leur banque, j'ai d\u00e9sign\u00e9 l'Ombudsman des services bancaires et d'investissement comme \u00e9tant l'unique organisme externe transparent sans but lucratif de traitement des plaintes concernant le secteur bancaire. Depuis le 1<sup>er</sup> novembre, cet organisme renforc\u00e9 de traitement des plaintes a le pouvoir de r\u00e9gler les plaintes dans toutes les banques canadiennes.</p>\n<p data-HoCid=\"8808436\" data-originallang=\"fr\">Pendant trop longtemps, les banques ont pu choisir qui allait r\u00e9gler les plaintes d\u00e9pos\u00e9es par la population canadienne. Avec un ombudsman ind\u00e9pendant, transparent et sans but lucratif, les Canadiens b\u00e9n\u00e9ficieront de plus de transparence. Notre gouvernement continuera de voir \u00e0 ce que les Canadiennes et les Canadiens soient trait\u00e9s de fa\u00e7on \u00e9quitable par leurs banques. Nous nous assurerons qu'ils ont acc\u00e8s \u00e0 des options bancaires abordables et de qualit\u00e9.</p>\n<p data-HoCid=\"8808437\" data-originallang=\"fr\">Merci, monsieur le pr\u00e9sident.</p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-1/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053780",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:05:00",
            "attribution": {
                "en": "The Chair",
                "fr": "Le pr\u00e9sident"
            },
            "content": {
                "en": "<p data-HoCid=\"8808438\" data-originallang=\"fr\">Thank you, Minister.</p>\n<p data-HoCid=\"8808439\" data-originallang=\"fr\">Minister, the floor is yours.</p>",
                "fr": "<p data-HoCid=\"8808438\" data-originallang=\"fr\">Je vous remercie, madame la ministre.</p>\n<p data-HoCid=\"8808439\" data-originallang=\"fr\">Monsieur le ministre, vous avez la parole.</p>"
            },
            "url": "/committees/industry/44-1/151/the-chair-2/",
            "politician_url": "/politicians/joel-lightbound/",
            "politician_membership_url": "/politicians/memberships/4431/",
            "procedural": true,
            "source_id": "13053828",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:05:00",
            "attribution": {
                "en": "Hon. Fran\u00e7ois-Philippe Champagne (Minister of Innovation, Science and Industry)",
                "fr": "L\u2019hon. Fran\u00e7ois-Philippe Champagne (ministre de l\u2019Innovation, des Sciences et de l\u2019Industrie)"
            },
            "content": {
                "en": "<p data-HoCid=\"8808440\" data-originallang=\"fr\">Thank you, Mr. Chair.</p>\n<p data-HoCid=\"8808441\" data-originallang=\"fr\">It is truly a pleasure for me to be back today with my colleagues on the Standing Committee on Industry and Technology. I'm also pleased to be here with my colleague, Minister Freeland, to talk to you about issues that are very important to Canadians.</p>\n<p data-HoCid=\"8808442\" data-originallang=\"en\"> As always, it's an honour and a real pleasure to appear before this committee.</p>\n<p data-HoCid=\"8808443\" data-originallang=\"fr\">Colleagues, we live in an era of significant transformation. The digital revolution is moving at an unprecedented pace. We even get the impression that the time itself is speeding up. Climate change is disrupting our economies and redefining our industrial landscape. Our world is facing geopolitical challenges of all kinds, as we have seen in recent weeks.</p>\n<p data-HoCid=\"8808444\" data-originallang=\"fr\">The picture I am painting may seem worrisome, but it also presents opportunities for Canada\u2014a country that offers unparalleled stability, predictability and the rule of law around the world. Today, I would like to draw your attention to the issues raised by the minister, but also the opportunities for Canada.</p>\n<p data-HoCid=\"8808445\" data-originallang=\"en\">Financial technology and payment systems are a perfect illustration of this, and I think Minister Freeland said that very eloquently. They represent rapidly evolving markets where we can see innovation happening in real time. This is a sector that virtually every Canadian and every Canadian business depend on. This means that having a competitive and innovative fintech sector is not simply nice to have. It is, in fact, critically important. I want to applaud the work that has been done by my colleague Minister Freeland in this field. As you've seen, our government has been acting decisively and in a timely way.</p>\n<p data-HoCid=\"8808446\" data-originallang=\"en\">With that in mind, I would like to highlight for you some important changes we've recently made to the Competition Act, which I think will be the cornerstone of our government and bring lasting possibilities in terms of more competition in Canada, less consolidation and better prices for consumers.</p>\n<p data-HoCid=\"8808447\" data-originallang=\"en\">First, as colleagues will remember\u2014because this committee, Mr. Chair, worked hard to make suggestions\u2014we dramatically increased the resources available to the Competition Bureau. I think colleagues should take comfort in the fact that you've seen the commissioner of the Competition Bureau very active with his office recently, in order to really tackle the issues that concern Canadians.</p>\n<p data-HoCid=\"8808448\" data-originallang=\"en\">Second, through legislative amendments\u2014and I want to thank this committee for its work on that\u2014we transformed the Competition Act in a way we have never seen before. This is the single biggest transformation we have seen in the competition landscape in our country. Those include amendments to the abuse of dominant position, where we significantly increased monetary penalties. These were previously capped at $10 million. Today, penalties are based on the benefit companies derive from their actions, and they can be up to three times the value of those benefits.</p>\n<p data-HoCid=\"8808449\" data-originallang=\"en\">Third, private parties can now bring cases directly to the Competition Tribunal. I think that's something this committee has heard about from a number of stakeholders. A change was warranted. Gone are the days when private parties solely relied on the Competition Bureau to bring forward a case.</p>\n<p data-HoCid=\"8808450\" data-originallang=\"en\">Together, these important changes have led to an economic ecosystem that is fairer, more transparent and more competitive.</p>\n<p data-HoCid=\"8808451\" data-originallang=\"fr\">In the same spirit of promoting competition, innovation and affordability, I would now like to take a moment to talk about Supplementary Estimates (B) 2024-25.</p>\n<p data-HoCid=\"8808452\" data-originallang=\"fr\">As you know, the 2024-25 spending top-ups provide critical support for Canadian innovators, researchers and businesses.</p>\n<p data-HoCid=\"8808453\" data-originallang=\"en\">As you know, the $711 million in these supplementary estimates represents more than just line items. It is vital for a number of communities, sectors and small and medium-sized businesses in our country. It represents our strategic vision for Canada's future. It represents an investment in our world-class innovation ecosystem. It represents a vote of confidence in our communities, workers and businesses.</p>\n<p data-HoCid=\"8808454\" data-originallang=\"en\">Mr. Chair, in Canada, we have everything we need to succeed in the economy of the 21st century, from world-class talent to robust ecosystems that make us world leaders in aerospace, the auto sector, biomanufacturing and artificial intelligence. From critical minerals and renewable energy to market access, Canada holds a significant competitive advantage as a green strategic partner of choice.</p>\n<p data-HoCid=\"8808455\" data-originallang=\"en\"> Even in an era of rising protectionism around the world, we're building bridges, Mr. Chair, sharing knowledge and positioning Canada\u2014our Canada\u2014as a global innovation hub.</p>\n<p data-HoCid=\"8808456\" data-originallang=\"fr\">Canada has before it unprecedented opportunities, generational opportunities that we must seize for future generations. Seizing them requires that we be bold and ambitious.</p>\n<p data-HoCid=\"8808457\" data-originallang=\"en\">In closing, let me say this: I am convinced that, together, we can and will transform today's challenges into opportunities. Together, we can and will build the Canada of tomorrow\u2014an ambitious Canada full of opportunities and possibilities for all.</p>\n<p data-HoCid=\"8808458\" data-originallang=\"fr\">We will be pleased to answer our colleagues' questions.</p>\n<p data-HoCid=\"8808459\" data-originallang=\"fr\">Thank you.</p>",
                "fr": "<p data-HoCid=\"8808440\" data-originallang=\"fr\">Merci, monsieur le pr\u00e9sident.</p>\n<p data-HoCid=\"8808441\" data-originallang=\"fr\">C'est pour moi un r\u00e9el plaisir d'\u00eatre de retour aujourd'hui parmi mes coll\u00e8gues, en l'occurrence au Comit\u00e9 permanent de l'industrie et de la technologie. Je suis \u00e9galement heureux d'\u00eatre ici avec ma coll\u00e8gue, la ministre Freeland, pour vous parler de questions qui sont tr\u00e8s importantes pour les Canadiens.</p>\n<p data-HoCid=\"8808442\" data-originallang=\"en\"> Comme toujours, c'est un honneur et un r\u00e9el plaisir de compara\u00eetre devant le Comit\u00e9.</p>\n<p data-HoCid=\"8808443\" data-originallang=\"fr\">Chers coll\u00e8gues, nous vivons \u00e0 une \u00e9poque de grandes transformations. La r\u00e9volution num\u00e9rique avance \u00e0 un rythme sans pr\u00e9c\u00e9dent. Nous avons m\u00eame l'impression que le temps s'acc\u00e9l\u00e8re. Les changements climatiques bousculent nos \u00e9conomies et red\u00e9finissent notre paysage industriel. Notre monde doit faire face \u00e0 des d\u00e9fis g\u00e9opolitiques de toutes sortes, comme nous avons pu le constater au cours des derni\u00e8res semaines.</p>\n<p data-HoCid=\"8808444\" data-originallang=\"fr\">Le tableau que je vous brosse peut sembler inqui\u00e9tant, mais on peut aussi y voir des occasions \u00e0 saisir pour le Canada, un pays qui offre une stabilit\u00e9, une pr\u00e9visibilit\u00e9 et une primaut\u00e9 du droit sans pareilles, partout dans le monde. C'est sur les enjeux dont la ministre a parl\u00e9, mais aussi sur les occasions qui s'offrent au Canada, que j'aimerais attirer votre attention, aujourd'hui.</p>\n<p data-HoCid=\"8808445\" data-originallang=\"en\">La technologie financi\u00e8re et les syst\u00e8mes de paiement en sont une parfaite illustration, et je pense que la ministre Freeland l'a dit avec beaucoup d'\u00e9loquence. Ils repr\u00e9sentent des march\u00e9s en \u00e9volution rapide o\u00f9 nous pouvons voir l'innovation se produire en temps r\u00e9el. C'est un secteur dont d\u00e9pendent pratiquement tous les Canadiens et toutes les entreprises canadiennes. Cela signifie que ce n'est pas simplement une bonne chose d'avoir un secteur des technologies financi\u00e8res comp\u00e9titif et innovateur, mais c'est en fait d'une importance cruciale. Je tiens \u00e0 f\u00e9liciter ma coll\u00e8gue, la ministre Freeland, pour le travail qu'elle a accompli dans ce domaine. Comme vous l'avez constat\u00e9, notre gouvernement a agi de fa\u00e7on d\u00e9cisive et en temps opportun.</p>\n<p data-HoCid=\"8808446\" data-originallang=\"en\">Cela dit, j'aimerais vous parler de certains changements importants que nous avons r\u00e9cemment apport\u00e9s \u00e0 la Loi sur la concurrence. \u00c0 mon avis, ces changements seront au c\u0153ur de l'action de notre gouvernement et ils entra\u00eeneront des possibilit\u00e9s durables d'accro\u00eetre la concurrence au Canada, de r\u00e9duire la consolidation et d'offrir de meilleurs prix aux consommateurs.</p>\n<p data-HoCid=\"8808447\" data-originallang=\"en\">Premi\u00e8rement, comme mes coll\u00e8gues s'en souviendront \u2014 parce que le Comit\u00e9, monsieur le pr\u00e9sident, a travaill\u00e9 fort pour faire des suggestions \u2014, nous avons sensiblement augment\u00e9 les ressources mises \u00e0 la disposition du Bureau de la concurrence. Je pense que mes coll\u00e8gues devraient \u00eatre rassur\u00e9s par le fait que le commissaire et le Bureau de la concurrence ont r\u00e9cemment travaill\u00e9 tr\u00e8s activement afin de vraiment s'attaquer aux probl\u00e8mes qui pr\u00e9occupent les Canadiens.</p>\n<p data-HoCid=\"8808448\" data-originallang=\"en\">Deuxi\u00e8mement, gr\u00e2ce \u00e0 des modifications l\u00e9gislatives \u2014 et je tiens \u00e0 remercier le Comit\u00e9 de son travail \u00e0 cet \u00e9gard \u2014, nous avons transform\u00e9 la Loi sur la concurrence comme jamais auparavant. Il s'agit de la plus grande transformation jamais observ\u00e9e dans le paysage de la concurrence au pays. Elle englobe notamment des modifications concernant l'abus de position dominante, o\u00f9 nous avons consid\u00e9rablement augment\u00e9 les sanctions p\u00e9cuniaires. Elles \u00e9taient auparavant plafonn\u00e9es \u00e0 10 millions de dollars. D\u00e9sormais, les sanctions sont calcul\u00e9es en fonction des avantages que les entreprises retirent de leurs actions, et elles peuvent atteindre trois fois la valeur de ces avantages.</p>\n<p data-HoCid=\"8808449\" data-originallang=\"en\">Troisi\u00e8mement, des intervenants du secteur priv\u00e9 peuvent maintenant porter des affaires directement devant le Tribunal de la concurrence. Je pense qu'un certain nombre d'intervenants en avaient parl\u00e9 devant le Comit\u00e9. Un changement s'imposait. L'\u00e9poque o\u00f9 les intervenants du secteur priv\u00e9 devaient attendre apr\u00e8s le Bureau de la concurrence pour qu'une cause soit port\u00e9e devant les tribunaux est r\u00e9volue.</p>\n<p data-HoCid=\"8808450\" data-originallang=\"en\">Ensemble, ces changements importants ont men\u00e9 \u00e0 un \u00e9cosyst\u00e8me \u00e9conomique plus juste, plus transparent et plus concurrentiel.</p>\n<p data-HoCid=\"8808451\" data-originallang=\"fr\">Dans ce m\u00eame esprit de promotion de la concurrence, de l'innovation et de l'abordabilit\u00e9, j'aimerais maintenant prendre un instant pour parler du Budget suppl\u00e9mentaire des d\u00e9penses (B) 2024\u20112025.</p>\n<p data-HoCid=\"8808452\" data-originallang=\"fr\">Comme vous le savez, les suppl\u00e9ments de d\u00e9penses pour 2024\u20112025 constituent un soutien essentiel pour les innovateurs, les chercheurs et les entreprises canadiennes.</p>\n<p data-HoCid=\"8808453\" data-originallang=\"en\">Comme vous le savez, les 711 millions de dollars du Budget suppl\u00e9mentaire des d\u00e9penses repr\u00e9sentent plus que de simples postes budg\u00e9taires. Ces d\u00e9penses sont vitales pour plusieurs communaut\u00e9s, secteurs et petites et moyennes entreprises de notre pays. Elles traduisent notre vision strat\u00e9gique pour l'avenir du Canada. Elles repr\u00e9sentent un investissement dans notre \u00e9cosyst\u00e8me d'innovation de calibre mondial, un vote de confiance envers nos communaut\u00e9s, nos travailleurs et nos entreprises.</p>\n<p data-HoCid=\"8808454\" data-originallang=\"en\">Monsieur le pr\u00e9sident, au Canada, nous avons tout ce qu'il faut pour r\u00e9ussir dans l'\u00e9conomie du XXI<sup>e</sup> si\u00e8cle; des talents de calibre mondial aux \u00e9cosyst\u00e8mes robustes qui font de nous des chefs de file mondiaux en a\u00e9rospatiale, dans le secteur automobile, en biofabrication et en intelligence artificielle. Des min\u00e9raux critiques \u00e0 l'\u00e9nergie renouvelable en passant par l'acc\u00e8s aux march\u00e9s, le Canada poss\u00e8de un avantage concurrentiel ind\u00e9niable en tant que partenaire strat\u00e9gique \u00e9coresponsable de choix.</p>\n<p data-HoCid=\"8808455\" data-originallang=\"en\"> M\u00eame \u00e0 une \u00e9poque de protectionnisme croissant dans le monde, nous tissons des liens, monsieur le pr\u00e9sident, en partageant les connaissances et en positionnant le Canada \u2014 notre pays \u2014 comme un carrefour mondial de l'innovation.</p>\n<p data-HoCid=\"8808456\" data-originallang=\"fr\">Le Canada a devant lui des occasions sans pr\u00e9c\u00e9dent, des occasions g\u00e9n\u00e9rationnelles que nous devons saisir pour les prochaines g\u00e9n\u00e9rations. Pour les saisir, nous devons faire preuve d'audace et d'ambition.</p>\n<p data-HoCid=\"8808457\" data-originallang=\"en\">En terminant, permettez-moi de dire que j'ai l'intime conviction qu'ensemble, nous pouvons transformer les d\u00e9fis d'aujourd'hui en possibilit\u00e9s \u00e0 saisir et que nous les saisirons. Ensemble, nous pouvons et nous allons b\u00e2tir le Canada de demain, un Canada ambitieux et rempli de possibilit\u00e9s pour tous.</p>\n<p data-HoCid=\"8808458\" data-originallang=\"fr\">Cela nous fera plaisir de r\u00e9pondre aux questions de nos coll\u00e8gues.</p>\n<p data-HoCid=\"8808459\" data-originallang=\"fr\">Merci.</p>"
            },
            "url": "/committees/industry/44-1/151/francois-philippe-champagne-1/",
            "politician_url": "/politicians/francois-philippe-champagne/",
            "politician_membership_url": "/politicians/memberships/4185/",
            "procedural": false,
            "source_id": "13053829",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "The Chair",
                "fr": "Le pr\u00e9sident"
            },
            "content": {
                "en": "<p data-HoCid=\"8808460\" data-originallang=\"fr\">Thank you very much, Ministers.</p>\n<p data-HoCid=\"8808461\" data-originallang=\"fr\">Mr. Perkins, you have the floor for six minutes.</p>",
                "fr": "<p data-HoCid=\"8808460\" data-originallang=\"fr\">Merci beaucoup, monsieur le ministre et madame la ministre.</p>\n<p data-HoCid=\"8808461\" data-originallang=\"fr\">Monsieur Perkins, vous avez la parole pour six minutes.</p>"
            },
            "url": "/committees/industry/44-1/151/the-chair-3/",
            "politician_url": "/politicians/joel-lightbound/",
            "politician_membership_url": "/politicians/memberships/4431/",
            "procedural": true,
            "source_id": "13053872",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Mr. Rick Perkins (South Shore\u2014St. Margarets, CPC)",
                "fr": "M. Rick Perkins (South Shore\u2014St. Margarets, PCC)"
            },
            "content": {
                "en": "<p data-HoCid=\"8808462\" data-originallang=\"en\"> Thank you very much, Mr. Chair, and thank you, Ministers, for coming. </p>\n<p data-HoCid=\"8808463\" data-originallang=\"en\">My initial questions will be for the Minister of Finance, Minister Freeland. </p>\n<p data-HoCid=\"8808464\" data-originallang=\"en\">What's the deficit this year?</p>",
                "fr": "<p data-HoCid=\"8808462\" data-originallang=\"en\"> Merci beaucoup, monsieur le pr\u00e9sident, et merci aux ministres d'\u00eatre venus. </p>\n<p data-HoCid=\"8808463\" data-originallang=\"en\">Mes premi\u00e8res questions s'adressent \u00e0 la ministre des Finances, la ministre Freeland. </p>\n<p data-HoCid=\"8808464\" data-originallang=\"en\">\u00c0 combien s'\u00e9l\u00e8vera le d\u00e9ficit cette ann\u00e9e?</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-1/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053875",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808465\" data-originallang=\"en\"> Thank you for the question, Mr. Perkins.</p>\n<p data-HoCid=\"8808466\" data-originallang=\"en\"> This gives me an opportunity to say how glad I will be to present the fall economic statement on Monday in the House of Commons. There will be full transparency for all Canadians and all MPs about Canada's financial position. </p>",
                "fr": "<p data-HoCid=\"8808465\" data-originallang=\"en\"> Je vous remercie de votre question, monsieur Perkins.</p>\n<p data-HoCid=\"8808466\" data-originallang=\"en\"> Elle me donne l'occasion de dire \u00e0 quel point je serai heureuse de pr\u00e9senter l'\u00e9nonc\u00e9 \u00e9conomique de l'automne lundi \u00e0 la Chambre des communes. Il y aura une transparence compl\u00e8te pour tous les Canadiens et tous les d\u00e9put\u00e9s au sujet de la situation financi\u00e8re du Canada. </p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-2/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053880",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808467\" data-originallang=\"en\"> Thank you.</p>\n<p data-HoCid=\"8808468\" data-originallang=\"en\"> When you delivered the budget, you said that it won't be above $40 billion and that there are guardrails. However, we know that the Parliamentary Budget Officer has said otherwise\u2014that you're already through that, plus you've added more on the GST.</p>\n<p data-HoCid=\"8808469\" data-originallang=\"en\">Can you tell me if the deficit is going to stay at the $40 billion that you said, in the budget, was the maximum?</p>",
                "fr": "<p data-HoCid=\"8808467\" data-originallang=\"en\"> Merci.</p>\n<p data-HoCid=\"8808468\" data-originallang=\"en\"> Lorsque vous avez d\u00e9pos\u00e9 le budget, vous avez dit que le d\u00e9ficit ne d\u00e9passerait pas 40 milliards de dollars et qu'il y avait des garde-fous pour s'en assurer. Cependant, nous savons que le directeur parlementaire du budget a dit le contraire, en pr\u00e9cisant que vous aviez d\u00e9j\u00e0 franchi ce seuil, sans compter le cong\u00e9 de TPS.</p>\n<p data-HoCid=\"8808469\" data-originallang=\"en\">Pouvez-vous me confirmer que le d\u00e9ficit ne d\u00e9passera pas le maximum de 40 milliards de dollars, comme vous l'avez promis dans le budget?</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-2/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053883",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808470\" data-originallang=\"en\">I'm very glad, Mr. Perkins, to hear you quoting the Parliamentary Budget Officer. He reported very significantly this summer that Canada's fiscal position is sustainable. Indeed, this summer he said that our fiscal position is \u201csustainable over the long term\u201d and that even a permanent swing of 1.5% of GDP would be permissible, while retaining Canada's fiscal sustainability. </p>\n<p data-HoCid=\"8808471\" data-originallang=\"en\">That is really good news for all Canadians, especially when we are entering\u2014as my colleague, the Minister of Industry, has just said\u2014a time of real global uncertainty. </p>",
                "fr": "<p data-HoCid=\"8808470\" data-originallang=\"en\">Je suis tr\u00e8s heureuse, monsieur Perkins, de vous entendre citer le directeur parlementaire du budget. Il a r\u00e9cemment signal\u00e9 un point tr\u00e8s important, \u00e0 savoir que la situation financi\u00e8re du Canada est viable. En effet, il a dit cet \u00e9t\u00e9 que notre situation financi\u00e8re \u00e9tait viable \u00e0 long terme et que m\u00eame avec une fluctuation permanente de 1,5 % du PIB, la viabilit\u00e9 budg\u00e9taire du Canada serait maintenue. </p>\n<p data-HoCid=\"8808471\" data-originallang=\"en\">C'est une tr\u00e8s bonne nouvelle pour tous les Canadiens, surtout lorsque nous entrons \u2014 comme vient de le dire mon coll\u00e8gue, le ministre de l'Industrie \u2014 dans une p\u00e9riode de v\u00e9ritable incertitude mondiale. </p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-3/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053884",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808472\" data-originallang=\"en\">As the Minister of Finance, you must know what the deficit is, since we're almost three quarters of the way through. </p>\n<p data-HoCid=\"8808473\" data-originallang=\"en\">Are you going to stick to the $40 billion you told Parliament you would not go above? That was your fiscal guardrail, and it wasn't going to go above that.</p>",
                "fr": "<p data-HoCid=\"8808472\" data-originallang=\"en\">En tant que ministre des Finances, vous devez savoir \u00e0 combien se chiffre le d\u00e9ficit puisque nous avons presque les trois quarts du chemin de parcouru. </p>\n<p data-HoCid=\"8808473\" data-originallang=\"en\">Allez-vous respecter le seuil des 40 milliards de dollars que vous aviez promis au Parlement de ne pas d\u00e9passer? C'\u00e9tait votre garde-fou financier, et vous ne deviez pas le d\u00e9passer.</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-3/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053893",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808474\" data-originallang=\"en\"> Thanks again for the question, Mr. Perkins.</p>\n<p data-HoCid=\"8808475\" data-originallang=\"en\"> I do want to be very clear and assure all MPs and all Canadians that Canada's public finances are sustainable. Canada has the lowest debt-to-GDP ratio in the G7. We have the lowest deficit in the G7. Our public finances are sustainable, as the PBO has made clear. </p>\n<p data-HoCid=\"8808476\" data-originallang=\"en\">I am really looking forward to delivering the fall economic statement on Monday in the House of Commons.</p>",
                "fr": "<p data-HoCid=\"8808474\" data-originallang=\"en\"> Je vous remercie encore une fois de votre question, monsieur Perkins.</p>\n<p data-HoCid=\"8808475\" data-originallang=\"en\"> Je tiens \u00e0 \u00eatre tr\u00e8s claire et \u00e0 dire \u00e0 tous les d\u00e9put\u00e9s et \u00e0 tous les Canadiens que les finances publiques du Canada sont viables. Le Canada a le plus faible ratio de la dette au PIB parmi les pays du G7. Notre d\u00e9ficit est le plus bas du G7. Nos finances publiques sont viables, comme le directeur parlementaire du budget l'a dit clairement. </p>\n<p data-HoCid=\"8808476\" data-originallang=\"en\">J'ai vraiment h\u00e2te de pr\u00e9senter l'\u00e9nonc\u00e9 \u00e9conomique de l'automne lundi \u00e0 la Chambre des communes.</p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-4/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053894",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:10:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808477\" data-originallang=\"en\"> Since you've been minister, you've delivered a number of budgets. In any of those budgets that you delivered, has the deficit come in as projected? Has any one of them come in as projected? </p>",
                "fr": "<p data-HoCid=\"8808477\" data-originallang=\"en\"> Depuis que vous \u00eates ministre, vous avez d\u00e9pos\u00e9 un certain nombre de budgets. Dans l'un ou l'autre des budgets que vous avez pr\u00e9sent\u00e9s, le d\u00e9ficit a\u2011t\u2011il d\u00e9j\u00e0 correspondu aux pr\u00e9visions? Y en a\u2011t\u2011il un qui a \u00e9t\u00e9 conforme aux pr\u00e9visions? </p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-4/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053897",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808478\" data-originallang=\"en\"> Actually, Mr. Perkins, we are delivering a far stronger and faster rate of fiscal consolidation than anyone predicted, including our budget documents, when COVID first hit and when Canada experienced the deepest recession since the Great Depression. The recovery led by our government's economic plan has been significantly stronger and faster than the recovery that Canada saw when the Conservatives were in office after the financial crisis, which was a shock, but a much milder shock than the COVID recession. </p>\n<p data-HoCid=\"8808479\" data-originallang=\"en\"> I'm very pleased that Canada is on track for a soft landing. Inflation has been in the Bank of Canada's target range for 10 months\u2014for all of this year\u2014and interest rates have been coming down. That is really good news for Canadians, and that did not happen by accident.</p>",
                "fr": "<p data-HoCid=\"8808478\" data-originallang=\"en\"> En fait, monsieur Perkins, notre taux d'assainissement budg\u00e9taire est beaucoup plus vigoureux et beaucoup plus rapide que quiconque l'avait pr\u00e9dit, y compris dans nos documents budg\u00e9taires, quand la COVID\u201119 s'est d\u00e9clar\u00e9e et quand le Canada a connu la pire r\u00e9cession depuis la Grande D\u00e9pression. La reprise qui s'est appuy\u00e9e sur le plan \u00e9conomique de notre gouvernement a \u00e9t\u00e9 beaucoup plus solide et beaucoup plus rapide que celle que le Canada avait connue lorsque les conservateurs \u00e9taient au pouvoir apr\u00e8s la crise financi\u00e8re, qui \u00e9tait un choc, mais beaucoup moins grave que la r\u00e9cession caus\u00e9e par la COVID. </p>\n<p data-HoCid=\"8808479\" data-originallang=\"en\"> Je suis tr\u00e8s heureuse que le Canada soit sur la bonne voie pour un atterrissage en douceur. L'inflation se situe dans la fourchette cible de la Banque du Canada depuis 10 mois \u2014 soit depuis le d\u00e9but de l'ann\u00e9e \u2014 et les taux d'int\u00e9r\u00eat ont baiss\u00e9. C'est une tr\u00e8s bonne nouvelle pour les Canadiens, et ce n'est pas le fruit du hasard.</p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-5/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053899",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808480\" data-originallang=\"en\"> I spent most of my life before being elected in 2021 in the private sector, as an executive of a number of corporations, as well as on boards. If the CFO for my company missed their financial projections every single year, they wouldn't be the CFO for very long\u2014and it's the same with the public markets. </p>\n<p data-HoCid=\"8808481\" data-originallang=\"en\">Why should you remain a CFO of Canada if you can't seem to hit a single target you set?</p>",
                "fr": "<p data-HoCid=\"8808480\" data-originallang=\"en\"> J'ai pass\u00e9 la plus grande partie de ma vie avant d'\u00eatre \u00e9lu en 2021 dans le secteur priv\u00e9, \u00e0 titre de cadre sup\u00e9rieur d'un certain nombre de soci\u00e9t\u00e9s et au sein de conseils d'administration. Si le directeur financier de mon entreprise avait rat\u00e9 ses cibles budg\u00e9taires chaque ann\u00e9e, il ne serait pas rest\u00e9 en poste pendant tr\u00e8s longtemps, et c'est la m\u00eame chose dans le secteur public. </p>\n<p data-HoCid=\"8808481\" data-originallang=\"en\">Pourquoi devriez-vous demeurer \u00e0 la t\u00eate des finances du Canada si vous ne semblez pas pouvoir atteindre une seule cible que vous vous \u00eates fix\u00e9e?</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-5/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053912",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808482\" data-originallang=\"en\">As I said, Mr. Perkins, I strongly disagree with the premise. Canada has had the fastest rate of fiscal consolidation in the G7. Today, we are reaping that positive harvest with inflation in the Bank of Canada's target range for all of this year, with interest rates coming down and with the Canadian economy experiencing a soft landing. </p>\n<p data-HoCid=\"8808483\" data-originallang=\"en\">Mr. Perkins, you spoke about the private sector. The credit markets show that they approve of Canada's fiscally sustainable position. If Canada were to\u2014</p>",
                "fr": "<p data-HoCid=\"8808482\" data-originallang=\"en\">Comme je l'ai dit, M. Perkins, je suis en total d\u00e9saccord avec la pr\u00e9misse sur laquelle vous vous appuyez. Le Canada a connu le taux d'assainissement des finances publiques le plus rapide du G7. Aujourd'hui, nous profitons de cette r\u00e9colte positive, avec un taux d'inflation qui s'est situ\u00e9 dans la fourchette cible de la Banque du Canada pendant toute l'ann\u00e9e, des taux d'int\u00e9r\u00eat \u00e0 la baisse et l'\u00e9conomie canadienne qui conna\u00eet un atterrissage en douceur. </p>\n<p data-HoCid=\"8808483\" data-originallang=\"en\">Monsieur Perkins, vous avez parl\u00e9 du secteur priv\u00e9. Les march\u00e9s du cr\u00e9dit montrent qu'ils approuvent la position financi\u00e8rement viable du Canada. Si le Canada devait...</p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-6/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053916",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808484\" data-originallang=\"en\"> I'll have to ask it another way, Minister, since you're not answering my questions. I'll ask it a different way.</p>",
                "fr": "<p data-HoCid=\"8808484\" data-originallang=\"en\"> Je vais devoir vous poser la question autrement, madame la ministre, puisque vous n'y r\u00e9pondez pas. Je vais formuler la question d'une fa\u00e7on diff\u00e9rente.</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-6/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053919",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808485\" data-originallang=\"en\">I am answering. </p>\n<p data-HoCid=\"8808486\" data-originallang=\"en\">Mr. Perkins, may I just conclude my sentence, please?</p>",
                "fr": "<p data-HoCid=\"8808485\" data-originallang=\"en\">J'y r\u00e9ponds. </p>\n<p data-HoCid=\"8808486\" data-originallang=\"en\">Monsieur Perkins, puis\u2011je terminer ma phrase?</p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-7/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13053922",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808487\" data-originallang=\"en\">Sure.</p>",
                "fr": "<p data-HoCid=\"8808487\" data-originallang=\"en\">Bien s\u00fbr.</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-7/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13056459",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Hon. Chrystia Freeland",
                "fr": "L\u2019hon. Chrystia Freeland"
            },
            "content": {
                "en": "<p data-HoCid=\"8808488\" data-originallang=\"en\">If Canada were to pay what the U.K. pays for its debt, we would be, every single year, spending more than $9 billion more. If we paid what the U.S. pays for its debt, we would, every single year, be paying $11 billion more. </p>\n<p data-HoCid=\"8808489\" data-originallang=\"en\">That is a market verdict on the strength of our fiscal position.</p>",
                "fr": "<p data-HoCid=\"8808488\" data-originallang=\"en\">Si le Canada devait payer ce que le Royaume-Uni paie pour le service de sa dette, nous d\u00e9penserions chaque ann\u00e9e plus de 9 milliards de dollars de plus. Si nous devions d\u00e9penser ce que les \u00c9tats-Unis paient pour leur dette, cela nous co\u00fbterait 11 milliards de dollars de plus chaque ann\u00e9e. </p>\n<p data-HoCid=\"8808489\" data-originallang=\"en\">Cela t\u00e9moigne du verdict du march\u00e9 sur la solidit\u00e9 de notre situation financi\u00e8re.</p>"
            },
            "url": "/committees/industry/44-1/151/chrystia-freeland-8/",
            "politician_url": "/politicians/chrystia-freeland/",
            "politician_membership_url": "/politicians/memberships/4261/",
            "procedural": false,
            "source_id": "13056462",
            "document_url": "/committees/industry/44-1/151/"
        },
        {
            "time": "2024-12-09 16:15:00",
            "attribution": {
                "en": "Mr. Rick Perkins",
                "fr": "M. Rick Perkins"
            },
            "content": {
                "en": "<p data-HoCid=\"8808490\" data-originallang=\"en\">Minister, your officials have leaked to the media that the deficit will be $60 billion or more. </p>\n<p data-HoCid=\"8808491\" data-originallang=\"en\">Is it going to be that, higher or lower?</p>",
                "fr": "<p data-HoCid=\"8808490\" data-originallang=\"en\">Madame la ministre, vos fonctionnaires ont fait savoir aux m\u00e9dias que le d\u00e9ficit s'\u00e9l\u00e8verait \u00e0 60 milliards de dollars ou plus. </p>\n<p data-HoCid=\"8808491\" data-originallang=\"en\">Est\u2011ce qu'il sera \u00e9gal, sup\u00e9rieur ou inf\u00e9rieur \u00e0 ce montant?</p>"
            },
            "url": "/committees/industry/44-1/151/rick-perkins-8/",
            "politician_url": "/politicians/rick-perkins/",
            "politician_membership_url": "/politicians/memberships/4639/",
            "procedural": false,
            "source_id": "13053925",
            "document_url": "/committees/industry/44-1/151/"
        }
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