That's a very good point. I would respectfully submit that from time to time government has been involved in social finance of a type when it supports, for example, particular industries via low-income or no-income loans or grants that aim to strengthen an industry, or help to preserve jobs or employment in a community. I certainly leave it to government to decide on the design of those programs and the implementation of those programs, but I would say, based on their prevalence in Canada, both at the provincial and federal level, that perhaps there is a role. I also would encourage, if I may say, the committee to look at other examples of social finance too. When I look at, for example, microloans, which have been around for decades, and how enabling they can be for individuals who are trying to start their own businesses in their home, or start their own businesses period, and support themselves and their families, I see that as a really positive vehicle.
On May 29th, 2014. See this statement in context.