Mr. Speaker, as I mentioned before, when the Liberals took over we changed the grants to loans. That was the first thing we did. Why? Because the auditor general had pointed out that was exactly what we should do. The second thing we did was we put a limit on those loans. The limit today is $500,000. That is why ACOA has a better record in Atlantic Canada in its program than the chartered banks.
In the House of Commons on May 8th, 2000. See this statement in context.