Joël LIGHTBOUND

LIGHTBOUND, Joël

Parliamentary Career

October 19, 2015 -
LIB
  Louis-Hébert (Quebec)

Most Recent Speeches (Page 1 of 145)


June 17, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Mr. Speaker, in response to part (a), the Department of Finance has been informed that one Canadian firm, Hatch, is providing consulting services on an AIIB-financed project. In addition, the Department of Finance understands that Canadian firms and consultants are engaged with core functions of the bank. For example, TD Securities helped manage AIIB’s first bond issuance in May 2019, among other financial services firms.

The AIIB publishes details of investors who invest alongside the AIIB in a project. This information can be found on the AIIB website in project documents of both proposed and approved projects, at the following links: https://www.aiib.org/en/projects/approved/index.html and https://www.aiib.org/en/projects/proposed/index.html.

In response to part (b), Canada purchased a 0.995% shareholding in the Asian Infrastructure Investment Bank at a cost of $199 million U.S. This amount, which is payable over a five-year period in equal proportions, starting in 2017-18, is pooled with that of other member countries and used to finance AIIB projects over multiple years.

In response to part (c), businesses win procurement contracts independently and do not operate through the Government of Canada.

Topic:   Routine Proceedings
Subtopic:   Questions on the Order Paper
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June 14, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Mr. Speaker, the Government of Canada has a plan that protects the environment while growing the economy. On October 23, 2018, the Government of Canada announced that there would be a price on carbon pollution across Canada in 2019. On the same day, the Department of Finance published a document named “Backgrounder: Ensuring Transparency”, which outlines amounts of projected fuel charge proceeds and climate action incentive payments, from 2019-20 to 2023-24. The document can be found on the Department of Finance website: https://www.fin.gc.ca/n18/data/18-097_2-eng.asp.

Topic:   Routine Proceedings
Subtopic:   Questions on the Order Paper
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June 11, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Mr. Speaker, I want to start by reminding my colleague that 72% of Canada's debt was incurred by Conservative governments, including $150 billion under Stephen Harper's government.

Before the Conservatives lecture us on fiscal restraint and balancing budgets, I think they have a lot to learn. What was their record? During their decade in power, Canada saw some of the weakest growth in its history. By contrast, in 2018, wages in Canada hit a 10-year high. Over the past three years, one million jobs have been created, and poverty has been reduced by 20%, something the Conservatives were never interested in doing for Canada.

Topic:   Oral Questions
Subtopic:   Finance
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June 7, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Madam Speaker, our government takes very seriously its responsibility to make investments across the country and in all Quebec regions. That is why, in recent budgets, we increased funding for regional economic development agencies, including Quebec's Canada Economic Development for Quebec Regions. We made these investments to have a major impact across the country, and we also invested in CFDCs.

An important announcement will be made today about investments in Community Futures Development Corporations, or CFDCs, to ensure that investments are made across the country and in every Quebec region, including the North Shore.

Topic:   Oral Questions
Subtopic:   Regional Economic Development
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June 7, 2019

Mr. Joël Lightbound (Parliamentary Secretary to the Minister of Finance, Lib.)

Madam Speaker, after a lifetime of hard work, Canadians deserve peace of mind when it comes to their retirement security. We are taking a whole-of-government approach, an evidence-based approach, to address retirement security for all Canadians. Our government held national consultations and heard pensioners, workers, lenders and companies. In budget 2019, we took important steps to make insolvency proceedings fairer and more transparent, like ensuring better oversight of corporate behaviour.

Unlike the opposition, we know that it is possible to protect Canadians' retirement security without compromising businesses' ability to invest, grow and create good jobs.

Topic:   Oral Questions
Subtopic:   Pensions
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