In my posting on an information session held recently for members of the Canadian investment industry, it was stated during the session that after the IGA was signed it had to go to Cabinet for approval. No mention was made of Parliament. I found this to be different from my understanding of the process..
After reading Blaze’s exchange with Maura Drew-Lytle of the CBA, I contacted Maura about this matter and related what was said at another financial industry presentation. She responded fairly quickly that I would have to contact Finance.
So, I then emailed Kevin Shoom. His response was “if an agreement is reached, it would be made public and require Parliamentary approval for implementation”.
So that should settle the question of Parliamentary approval. I did notice that he used the word ‘if”. I’m not sure if that has any significance.