Mr. Speaker, as the NDP finance critic, I know that small and medium-sized businesses are the real engine of our economy. From coast to coast, these enterprises employ millions of Canadians and contribute essential goods, services and benefits to every community in our nation. They are responsible for 50% of Canada's GDP, employ 65% of all workers and create the majority of new jobs every year. However, we know that many businesses are struggling with high rents, rising costs and difficulty retaining employees. When individuals and families have to tighten their belts, local businesses suffer as well.
This week, I met with representatives of Canada's business improvement associations. These wonderful organizations promote local businesses and play active roles in all kinds of community activities.
I want to acknowledge two superb BIAs in Vancouver Kingsway: the Collingwood BIA, led by Angela Evans, and the Victoria Drive BIA, chaired by Christopher Chung. Their hard work not only creates prosperity, but brings us all closer together.