Mr. Speaker, I listened to the speech made by my colleague, the hon. member for Chicoutimi—Le Fjord. There are a few things I would like to tell him because I do not think he is telling people the real story.
He said nothing was done to deal with the crisis in the forest industry. The hon. member was there, though, along with my colleague, the Minister of State responsible for the Economic Development Agency of Canada for the Regions of Quebec and me, when an economic summit was held recently in our region. We heard what the stakeholders had to say. They asked us to do something specific for the forest industry.
So we have done four things.
First, Quebec and Ottawa jointly invested some $200 million in silviculture. In response to the requests of the forest producers, whom I have met personally, a way was found to help them.
Then they asked for loan guarantees. Thanks to the last budget, Export Development Canada can now provide loan guarantees.
For the hon. member’s information, between last January 1 and June 15—in less than six months therefore—the EDC provided $10 billion in loans to the Canadian forest industry, including $7 billion to 220 forest companies in Quebec. That is quite a few companies. This amount was $800 million more than what was provided to the automobile industry.
The Business Development Bank of Canada now also provides working capital and other kinds of capital.
We took a whole series of steps, but the hon. member does not want to talk about them or see them.