Thank you, Mr. Chairman. Mr. Chairman, according to the Ministers, we have achieved 95 percent success in assuring NWT businesses get the contracts. We have achieved this through the business incentive policy. What did it cost us to achieve this? Is that a hard question to ask? Can somebody tell me or do we have a policy in place that nobody knows. Yes, it was successful, but we do not know how much it cost us to be successful. That is the simple question I am trying to ask. Was it $30 million, $40 million, no million? That is the question. Somebody, Mr. Chairman, should be able to tell me why we are still grandfathering Canadian North, CIBC, how many billions is CIBC worth and we are still grandfathering them? We are still grandfathering the Toronto Dominion Bank through BIP. We are still grandfathering Imperial Oil. I have a list, I would say there are 30 of them that are grandfathered and they are worth millions. I am trying to find out who I can put these questions to? How much is it costing us to keep the banks where they are? How much is it costing us to let the banks make as much profit as they do? That is the question. How can we sensibly say we are subsidizing. We cannot afford to feed our children, Mr. Todd, but we can afford to subsidize the Imperial Bank of Commerce. That was really the question.
Vince Steen on Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on January 29th, 1998. See this statement in context.
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
January 28th, 1998
Page 427
See context to find out what was said next.