Mr. Speaker, Atlantic Canadians take exception with the government's decision to cut $7.7 million in ACOA's funding for not for profit organizations, credit unions, co-operatives and community economic development organizations.
The economy is not limited to private enterprise. These groups contribute to the economy just like private sector companies.
The government is cutting seed loan programs that provide direct funding for youth entrepreneurship. These are a successful mechanism for organizations to provide that first job and work experience for youth across the country.
Yesterday's cuts highlight the Conservatives' lack of creativity and understanding of this reality.
The elimination of $20 million aid package for New Brunswick's aquaculture industry is shameful. These cuts verify what we have said all along, that the fisheries money was clearly budgeted and that Canada's new government simply let New Brunswick down once again.