Mr. Speaker, that is contrary to what has been said by the Business Development Bank.
In today's Financial Post, the VP of the Business Development Bank stated, “I don't know when a deal will happen...But I think”, she thinks, “we will see something before Christmas”. That is one full year since it was announced.
The Canadian Automobile Dealers Association says, “That's one of the biggest problems facing the industry”.
Car dealers cannot borrow money for cars. Auto jobs and taxpayer loans to the industry will only be protected if sales increase.
If the finance minister does not want this money out the door, why does he not just say so?