Mr. Speaker, my question is for the Minister of Human Resources Development.
Over the past few weeks the leader of the Conservative Party in Prince Edward Island has promised that if elected, he would out of the EI act obtain an interest free $75 million loan from the Government of Canada to establish a venture capital fund. In my view, this would be highly illegal under the act and Mr. Binns knows better.
Could the minister clarify specifically, can funds be taken from the employment insurance account and given to a provincial government for such a purpose?