Replying to Xavier Barsalou-Duval (Bloc Québécois)
“Mr. Speaker, I have a simple question for the member opposite. The government talks about a sovereign wealth fund, but we know perfectly well that this fund is only masquerading as one. Sovereign wealth funds exist in almost every country of the world. They are based on savings and what people decide to put away for future needs. In this case, however, the fund is based on debt, not savings. My questions for my colleague opposite are as follows. How much debt has Canada taken on to create this phoney sovereign wealth fund? How much is this extra debt going to cost taxpayers annually?”
Statement grade
B
The average of Signal, Relevance, Respect and Clarity is 86. The grade is held to 75, 30 above Relevance.
75 / 100, held down by Relevance
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
Claims 59%Reasoning 41%
This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Claims · 59 wordsI know there is much we can learn from other entities around the world that are similar to the Canada sovereign wealth fund.We can draw lessons from Quebec’s generations fund and from Alberta’s heritage savings trust fund.1We can draw learnings from Norway and Singapore.2Many of these large income-generating national wealth funds have been built over decades.Reasoning · 19 wordsThe idea for Canada to be setting one of these up now has the perfect timing, in my view.Claims · 15 wordsIn fact, I would suggest that we should have done this probably 30 years ago, Reasoning · 33 wordsbut it is really great that we are going to do this now to be able to have a nest egg that builds wealth in this country and distributes it to everyday Canadians.Partly on point