Mr. Jean-René Halde at the Industry, Science and Technology Committee

On November 6th, 2014. See this statement in context.

November 6th, 2014 / 10:30 a.m.

President and Chief Executive Officer, Business Development Bank of Canada

That is correct.

I'm not sure, candidly, if it was in the original BDC act of 1995 or it was a Treasury Board guideline issued at the same time. But certainly, since 1995, the thinking of the bank and the request of the shareholders—and I'm not sure in which piece of paper it was—is that in all cases we should earn a rate of equity greater than our cost of capital.

See context to find out what was said next.