Mr. Speaker, on Tuesday the finance minister refused to assure Canadians that the promised credit facility for the auto sector was on schedule.
The facility was announced five months ago. By the minister's admission, the whole thing remains at discussion stage, nowhere near operational. Industry analysts say the BDC is not equipped to deploy the facility. The industry is desperate for credit so people can buy and lease cars.
Yes or no, will the auto credit facility be open for business on May 1? Why all these delays when the minister has known for months that only credit will stimulate sales and leasing?