Mr. Speaker, first I would like to say to the hon. member that both his facts and his assessment are wrong.
We have made major changes in western economic development so that we are not giving large grants to large businesses. We are now providing basic assistance to firms with under 50 employees so that we can help them deal with some of the challenges in the export market, such as meeting quality testing and other kinds of requirements.
I will give one example. A few months ago we were able to assist with a very small grant of $200,000 the Vancouver based firm Northstar which allowed it to secure a $30 million line of credit with one of Canada's major banks so that the firm could provide export financing for small business. Since then the firm has already had 2,000 applications for financing of small business export development around the world.
It seems to me that was one very good investment that will help thousands of western Canadian companies secure new markets. The hon. member should get his facts straight.