Mr. Speaker, it is an easy call to make.
I am not sure what methodology was used in that report which was widely published last week. It was prepared for the previous government.
My view is, and I have heard the views of business people from across Canada as has the industry committee, that in fact there is a problem getting adequate financing for small business.
The government has identified the small and medium sized business community as the key factor in creating jobs. We have been discussing with the banks a code of conduct for lending practices which we hope we can agree to with them. A number of banks admitted to the committee and other places that in fact they were not doing as much as they could have done for the small business community. We are looking to the banks to respond to the challenge, particularly for knowledge based
industry, particularly for the needs of small business to get adequate funds to grow and expand. Those are the initiatives we are pursuing.
Export oriented, knowledge based small business is the key to Canada's future. We need the banks to be partners in ensuring that is what happens.