Thank you, Mr. Chair, and welcome from me as to well to the witnesses.
I'd like to return to a subject we discussed a bit last week in light of the recent report of the expert panel on government support for innovation. One of the key proposals was to have somewhat less money for tax credits, SR and ED, and transfer that money into direct acquisitions, investments in commercializations through BDC.
I have a double-barrelled question, first to Ms. Scarborough. First, do you agree with that direction? And second, do you think BDC, as it now stands, is competent to do it? I mean, you could agree it's the right direction to go in, but there are execution problems with the agents involved.