EDC continues to have some programs, but it's really BDC that, I believe, has been given a mandate to help with, let's say, loans and things like that to deal with the trade war.
Let's be honest. When a company loses sales, it doesn't just want more debt. That doesn't help them. Adding more debt to our books by saying “Here's another loan” is not a path forward. All this stuff stacks up on a company. What we need is lower taxation, and we need a go-forward plan.
EDC and BDC fill roles where the conventional banks don't want to provide that financing. Thank God they're there for us, but they don't offer it at a competitive rate. You're paying a premium and it's very costly.
