Daryl Dolynny

Thank you, Mr. Chair. I forgot where I left off. As I said earlier, this is simply a tool to help mitigate the uncertainty that this government and a lot of past governments have faced in dealing with, really, a lot of unknown variables. I do not hold the department in any way, shape or form liable because they don’t know, and they’re doing their best effort to predict what they have at their disposal. However, a five-year rolling average will do nothing more than create the same mess that we are in this fiscal year.

The motion speaks to a stabilization fund, which means that that threshold is...

Do we have any preliminary numbers, given what we know thus far when production will commence, as to what type of money we would be looking potentially for the fiscal year? Thank you.

Does committee agree that consideration of the Department of Industry, Tourism and Investment is completed?

Thank you, Mr. Chairman. I just want some clarification here regarding the NWT BDIC, not so much about the expenditures of monies but the fact remains this entity was established in 2005 and under Section 41 of the NWT Business Development and Investment Corporations Act it says it should have a mandatory review every five years, so if it was in effect since 2005, we should have had at least one review and should be almost slated for a second review.

Can the Minister indicate where we are at with that mandatory component of Section 41 of the act? Thank you.

Thank you, Mr. Chair. The rationale for this motion is quite simple. This is simply a tool. This is a tool that will help government create a better and more promising forecasting predictability in the wake…

Thank you, Madam Chair. We were on page 12-17, right, Madam Chair? Thank you very much.

I just want to follow up on the question I asked earlier about the reinvestment of the Polar Bear Brand of diamonds. I did get an indication here that every dollar will be going back into investment. Once the diamond manufacturing plants will be operational, can the deputy minister indicate what sort of investment, once this money is flowing in, will be done to promote this brand? Thank you.

If I could get you to return to page 12-7. Mr. Ramsay.

Is it ongoing or just one time here? Thank you.

I’m not going to disagree with the Minister on some of those comments, but he brought up the 2008 subprime mortgage issue. I’m not sure how that fit into the response, but anyway.

I think Members on this side of the House have made things perfectly clear. We are very concerned going into this budget on this shortfall. I believe, personally, that this shortfall has caused a tethering, if you will, in the fiscal strategy of this government. It’s unfortunate that we weren’t able to calculate that properly and I think that has put a real kink in the cogwheel in terms of what our forecasting will be...

Thank you, Madam Chair. I know it might be premature, but we know the diamond manufacturing sector is, hopefully, on its way to production here in this fiscal year. Is there a reason or rationale that we would not have included at least some degree of money in main estimates?