Mr. Speaker, on Wednesday, the Board of Directors of the Business Development Bank of Canada renewed its trust in its President, Michel Vennat. Contrary to what the Minister of Industry has stated, she does indeed have the authority to revoke his mandate under section 6 of the Business Development Bank of Canada Act.
Now that the bank has decided not to appeal the ruling in the Beaudoin case, and given the harsh findings in the Michel Vennat case, will the Minister of Industry confirm that she will proceed with the revocation of Michel Vennat's mandate?