Industry committee  It depends on what kind of financing they're looking for. When a company's experiencing very fast growth.... For example, one of our members in Peterborough experienced a growth of 300% in a year and a half. They got new contracts with large multinationals—they were just elected,

Industry committee  That's a good question. We will have to see with time. I think you are right to say that labour-sponsored funds really are long-term initiatives. They are worthwhile for small and medium-sized companies that want to develop without constantly having to fear being dropped by inve

Industry committee  I wouldn't play on the same line with you in hockey, that's for sure. How much did the amendments to the Business Development Bank of Canada Act aim to offset the loss of the tax credit? I agree with you when it comes to savings. I think that many Quebeckers use that fund. That

Industry committee  I would add that where we've missed the boat a little bit with regard to corporate taxation is that the provinces haven't followed the federal lead in many cases. The reasons we're not having as much investment as we would expect is that: first, our combined corporate income tax

Industry committee  For the BDC amendment, I wouldn't know. I wouldn't think so, but I haven't looked at the others. I'm not sure if the other members have....

Industry committee  Yes, absolutely. I think the contacts are there, especially with the European market opening up. Yes, there are probably a lot of export possibilities, but I think that even more that, there are acquisitions. For SMEs to grow and have a presence on the European market, especially

Industry committee  My understanding is that it's the amount of the loan. The EDC would leave anything under $1 million, I think, to the BDC. That's the reason. As you know, the EDC finances exports; well, one thing they are supposed to do is finance your customers to buy your product. In the case o

Industry committee  As I said, because the EDC will not finance under a certain threshold, and because I think it's sometimes difficult for Canadian banks to finance a business subsidiary in another country, probably you would find the same gap for a Canadian subsidiary in another country that you w

Industry committee  There have been a lot of discussions about patent trolls in the consultations that Minister Moore has had. From what I've seen from these amendments—I've seen a lot of international agreements, harmonization—to be honest, maybe it's going to help. I haven't looked at the specif

Industry committee  I've never heard stories about the unions. It's funny you're raising that. The concerns I raised that I heard from my members were all related to financial federal chartered banks.

Industry committee  I haven't given that much thought this morning, but since you are raising the question, I will comment. Over the past few years, I have often been invited to appear before a committee where discussions frequently concerned a much broader bill. I didn't know amendments could not

Industry committee  It''s that transparent, is it? First of all, one thing some members report to us is that they sometimes feel that their banker is feeling competition from the BDC. But in their view, the loans they get from BDC are very often their unsecured loans, and the bank was not intereste

Industry committee  Thank you, Mr. Chair. Mr. Chair, members of the committee, thank you for inviting me, once again, to appear before the Standing Committee on Industry, Science and Technology to speak to Bill C-43. I was asked to comment on the sections pertaining to the Business Development Bank