Mr. Speaker, the Business Development Bank of Canada was the first of the Canadian banks to publish its own code of conduct and to establish an ombudsman who could deal with complaints as they arose.
With respect to the administrative responsibility of the government, the bank operates entirely at arm's length. I do not tell it what to do or how to do it. We established its mandate in accordance with an act of parliament. It is doing a very impressive job at meeting the needs of small business across Canada.
If we really want to meet the needs of small business across Canada, we will quickly pass Bill C-53 to ensure that the Canada small business financing act is there for the use of small business by April 1 next year.