Mr. Speaker, May 1 has come and gone and if the minister has not noticed, the auto crisis is deepening.
All the support in the world will not help the auto industry if Canadians are not buying cars. The minister promised the secured credit facility would be ready by May 1 to help buy and lease cars, but it has yet to be deployed. The BDC admitted that it does not have the expertise to create or implement the facility and had to recently appoint a team to do so.
Did the Minister of Finance mean May 1, 2009, or May 1 some other year for this credit facility?