Mr. Speaker, when he announced an agreement in principle on softwood lumber, the Prime Minister said that loan guarantees were not necessary because the dispute was practically settled. A month and a half later, we still do not have an agreement.
In any event, the Americans have stated that even if the agreement were signed today, they would not be able to refund the illegally collected duties until April 2007, 10 months from now.
Since companies urgently need ready cash—many are on the brink of bankruptcy—will the government finally agree to provide loan guarantees, which everyone in the industry is calling for, not just the lawyers?