In his opening, Mr. Nuttall stated his ideas of things we should look at before the idea of speaking to the ministers. One point he brought up was that BDC is in direct competition with private banks.
Now, as a person who has taken loans from both private banks and from BDC, I can tell you—I've done a lot of work with them—that the BDC charges generally two to three percentage points higher than a private bank. They only step in when you cannot get a loan from a private bank. I don't see how this is competition. If I could get a loan from an existing bank, I wouldn't go to get a loan that was 2% or 3% higher. It's not part of their mandate. They don't compete, unless you think....
This is just my personal business experience, but I tend to get a loan with the lowest interest rate, if I can. So I don't see that it's competition.
The fact that you made the statement further confirms to me the need for us to be educated. I do not think it's the minister's job to come here and tell us how the BDC works. As my colleague Mr. Longfield says, I think we should speak to the BDC about how they work. If you don't believe them, you can question them and you can read more about them, but to bring the minister here to ask him to tell us how they work doesn't make any sense to me.
I think we should do our homework. This is what we should debate. I think we've already made a vote on the last question, and if we're not going to waste our time and if we're going to move forward, let's move on the new motion I've put forward.