Mr. Speaker, the Minister of Industry recently made comments that may lead people to believe that the Business Development Bank of Canada, the BDC, is about to invest $10 million in a capital fund for co-operatives in Quebec, or that it has already invested that amount.
However, bank officials say that it is not the case, because the bank's current mandate does not allow them to invest in such a fund. The Senate has already proposed, in a report, a change to the bank's mandate. Bank officials would like the mandate to be changed, and co-operatives across the country would also like it.
My question is very simple: when will the BDC's mandate be reviewed and revised?