Evidence of meeting #127 for International Trade in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was business.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Magnolia Perron  Indigenous Women and Youth Program Manager, National Aboriginal Capital Corporations Association
Josie Nepinak  President, Native Women's Association of Canada
Brenda Holder  Cree Traditional Knowledge-Keeper, and Chair, Indigenous Tourism Alberta
Kayla Isabelle  Chief Executive Officer, Startup Canada
Clerk of the Committee  Mr. Grant McLaughlin

6:15 p.m.

Chief Executive Officer, Startup Canada

Kayla Isabelle

We have done programming in Quebec. We do so in partnership with a lot of Quebec-based organizations. We've partnered with Bonjour Montréal and Main. I know that Startup Montréal and some of those entities have shifted. We actually held a women's session in partnership with Startupfest to ensure that we weren't adding duplication into the ecosystem. We do so in true collaboration with other Quebec-based organizations, but we need to do more.

Simon-Pierre Savard-Tremblay Bloc Saint-Hyacinthe—Bagot, QC

You would be welcome, and I'm sure many businesses would be happy to work with you.

Do you have many exporting companies as members?

November 20th, 2024 / 6:15 p.m.

Chief Executive Officer, Startup Canada

Kayla Isabelle

Absolutely. Through our program Startup Global, we have about 6,200 entrepreneurs engaged. Of that community, I'd say 45% are actually exporting. Many of them are aspiring exporters.

Simon-Pierre Savard-Tremblay Bloc Saint-Hyacinthe—Bagot, QC

Most women-owned export businesses tend to be smaller than comparable men-owned ones.

Do you have any idea why that is?

6:20 p.m.

Chief Executive Officer, Startup Canada

Kayla Isabelle

Yes. Absolutely. From our standpoint, we have the pipeline. The issue is not the pipeline in companies that have scaling potential, that have great leadership and that have incredibly strong Canadian roots. To go back to my point around accessing capital for that international expansion, I don't think women founders know where to access that. To the point around Export Development Canada, etc., yes, there are some small business initiatives, but often that's mid-market and for more of the scale-up community coming through some of our partners. Where is that support for early-stage founders? We try to connect them there.

As for our other programs, we always have a pro-exporting narrative. Our women's program is not exclusively for exporters, but it's about the storytelling opportunity. We need to showcase how women are exporting. I can think of Nita at Dalcini Stainless. She's an unbelievable exporter who's often profiled, but she shares a lot of hurdles around exporting her product. We try to both champion those perspectives to government and also have her serve as bit of a mentor and guide to other aspiring women exporters.

The Chair Liberal Judy Sgro

Thank you very much.

We'll go to Mr. Desjarlais for two and a half minutes.

Blake Desjarlais NDP Edmonton Griesbach, AB

Thank you very much, Madam Chair.

Ms. Holder, in our previous round of questioning, we talked about some of the barriers related to international access to clientele for indigenous tourism. There's an international trade agreement that our honourable chair is quite familiar with. That's the Indigenous Peoples Economic and Trade Cooperation Agreement. Are you familiar with that agreement?

6:20 p.m.

Cree Traditional Knowledge-Keeper, and Chair, Indigenous Tourism Alberta

Brenda Holder

I am not.

Blake Desjarlais NDP Edmonton Griesbach, AB

It's a more recent agreement. For quick transparency about it, the agreement tries to see greater economic co-operation of indigenous peoples between Canada and other countries that have indigenous peoples, such as New Zealand, Australia and Taiwan. All of us have the very unique and ultimate blessing, I'd say, of having indigenous people within the boundaries of our communities. We need to see these groups co-operate.

I'm a champion of this agreement. I think it's a very good agreement that the government has entered into for the purpose of this. My criticism of this, however, comes from trying to engage indigenous people into it. You don't know about it. Many indigenous people I've spoken to don't know about it. I would like to see indigenous people come together with our partners in these communities to ensure that we have a greater framework for the indigenous peoples economic and trade co-operation agreement.

I think it's incumbent upon our committee. We should contemplate studying in the future how we can create a guiding framework for the implementation of IPETCA that would hopefully see tourists, for example, between all of our great countries be able to share resources and share ideas, but also, most importantly, that network, so that we can streamline people into tourism.

Would you be interested, for example, in participating in the Indigenous Peoples Economic and Trade Cooperation Agreement work, should it ever be studied in this committee?

In addition to that question, what do you think the opportunities are for tourists in the Asia-Pacific region?

6:20 p.m.

Cree Traditional Knowledge-Keeper, and Chair, Indigenous Tourism Alberta

Brenda Holder

I really appreciate that question a great deal.

First of all, yes, I would certainly be interested in that. One thing I will point you to is that recently ITAC has teamed up with AIANTA in the United States and Māori Tourism to create a new committee known as DO-IT, Destination Original Indigenous Tourism. This is a global effort that we are currently working on.

I would highly encourage you to seek that out and to get more information on that. It's something that we announced last year at the international indigenous tourism conference. We just recently had two of our executive board members, as well as our CEO and our vice-president, go to Louisiana to meet for their official first signing of the agreement.

The Chair Liberal Judy Sgro

Thank you very much.

Ryan, you have three minutes.

6:20 p.m.

Conservative

Ryan Williams Conservative Bay of Quinte, ON

I'll take it.

The Chair Liberal Judy Sgro

As well, we have three minutes for Ms. Fortier.

6:20 p.m.

Conservative

Ryan Williams Conservative Bay of Quinte, ON

Thank you.

Thank you very much to our witnesses. This is great testimony. We're hearing a lot today.

Obviously, there are big barriers and challenges for start-ups in general in Canada, but specifically for women in business. We have heard from past witnesses that VC—venture capital—for women businesses is less than 2%.

Ms. Holder, we're hearing from you that you were denied seven times by our banks, by traditional banks. I've been talking a lot at the House of Commons about competition in banking, and that's open banking.

I'll start with you, Ms. Isabelle. I was also a founding member of Startup Bay of Quinte back in 2017, so I know your organization well. You do a great job.

Can you tell me about the benefits of open banking and what it would help for those founders and for those women entrepreneurs specifically who are struggling in looking for funding?

6:25 p.m.

Chief Executive Officer, Startup Canada

Kayla Isabelle

Thank you so much for that question.

It's great to see a community leader joining and having the perspective of obviously running communities across the country.

I think that when it comes to banking, open banking and fintechs that are trying to emerge across Canada and innovate in that space, in looking at the private sector overall, we work very closely with a number of banks through Startup Canada. That's actually how we get a lot of our sponsorship and how we survive. I've seen a lot of great programming, actually, coming through Scotiabank doing the Scotiabank women initiative and various folks like that.

When it comes to open banking, I think it's something that could dramatically transform entrepreneurship in general. Obviously, I think that with women's entrepreneurship it could be something positive as well, but we need to ensure—to Ms. Holder's point— that there's trust built with the FIs. We see more programs like the SWI popping up. We have more confidence that our financial institutions are really committed to this change, and we're seeing some reporting from them coming out as well.

6:25 p.m.

Conservative

Ryan Williams Conservative Bay of Quinte, ON

On that note, we've been waiting almost seven years for open banking. The government has promised legislation. It's always down the road.

The Americans may get open banking up before we do, and that's a big risk, because it's going to force a lot of founders—especially in fintechs—down south. We've already lost half a trillion dollars of investment down south in the last nine years.

Tell me how important it is for the government to present legislation as soon as possible in order to keep investments here, but more importantly, to provide competition to founders here in Canada.

The Chair Liberal Judy Sgro

Answer briefly, please.

6:25 p.m.

Chief Executive Officer, Startup Canada

Kayla Isabelle

It's very important.

Let's look to the EU as well, as to the conversation they've been having, because there's some interesting research going on there with women entrepreneurs.

The Chair Liberal Judy Sgro

Thank you so much.

Ms. Fortier.

Mona Fortier Liberal Ottawa—Vanier, ON

Thank you, Madam Chair.

I have two things I want to share.

My first question, quickly, Madam Isabelle, is, have your members ever participated in trade missions that government offers?

Yes? Okay.

There's another one coming up in the Philippines and Indonesia, and I know that Minister Ng is really looking forward to having members. I'm just extending the invitation.

6:25 p.m.

Chief Executive Officer, Startup Canada

Kayla Isabelle

That's perfect.

Mona Fortier Liberal Ottawa—Vanier, ON

The second thing I want to say is that you mentioned red tape.

On March 31, 2022, when I was the president of Treasury Board, we tabled Bill S-6. It went through the Senate first. It is currently at second reading in the House of Commons.

Bill S-6 includes amendments to reduce the administrative burden for businesses; make digital interactions with government easier; simplify regulatory processes; make exemptions from certain regulatory requirements to test new products; and make cross-border trade easier through more consistent and coherent rules across government.

I think that's probably music to your ears.

6:25 p.m.

Chief Executive Officer, Startup Canada

Mona Fortier Liberal Ottawa—Vanier, ON

This second annual regulatory modernization bill is kind of stuck right now. We need to move forward, I believe, so my invitation is to ask my colleagues and say that, hopefully, we can get back to business in the House, and that might be a great solution to support businesses, especially women entrepreneurs and to be able to reduce that red tape. I see you nodding, but I'll just maybe give you the rest of my time to compliment this—

Voices

Oh, oh!