Finance committee  Committee Chair Easter, thank you for that welcome. Thank you for the opportunity to speak with you today. Export Development Canada is uniquely placed to understand the struggles of so many Canadian businesses today. We're privileged to be positioned so that we can make a real

Finance committee  Todd, would you like to respond?

Finance committee  Mr. Burlock will take this question, Mr. Chair.

Finance committee  Mr. Easter, I can take that one. We did participate in what's called the BCAP steering committee, which includes members of commercial banks, the heads of small business banks at most of the major financial institutions, together with the Credit Union Association, etc. We used t

Finance committee  In fact, we encourage companies to talk with their financial institution. That's their primary partner. All of these companies have a financial partner. We encourage them to reach out to their associations, which may be able to help them more quickly triage different programs tha

Finance committee  Carl, would you like to provide some details?

Finance committee  Carl, would you comment?

Finance committee  Thank you for that, Mr. Cooper. Of course, we do hear from customers who would have liked to see the program roll out faster than it has. We've been working very closely with the associations to try to ensure that the support was specifically needed to help the main drivers of t

Finance committee  We have been public in giving some information by sector on what we see in terms of the sectors that have been more impacted through the crisis and also what this means for emerging from the crisis. Without a doubt, retailers have been one of the most impacted sectors. I think we

Finance committee  Absolutely. Women's entrepreneurship is something we've been talking about for a number of years and really focusing on. The difficult answer to hear is that there isn't one silver bullet for this. We have to do many, many different things, whether that's giving women the confide

Finance committee  I will answer quickly: We rely on the banks' underwriting.

Finance committee  The program is governed by specific legal agreements that set out the criteria specifically for BCAP. Yes, if the application meets those criteria, which are simplified, then we do rely on the banks' underwriting.

Finance committee  If it's with respect to our existing products, we set the agreement with the bank, but for BCAP there were a number of policy decisions. We worked with our colleagues at the Department of Finance and at Global Affairs to ensure that the criteria were well understood and were avai

Finance committee  The conditions of the guarantee are described by us in the agreement, but loans themselves are with the financial institution and its customer.

Finance committee  Yes. What we are setting is the tenor of the guarantee. We're setting the percentage of the guarantee. We're setting the fee. We're setting some conditions related to it in that we don't want to see those funds being used to repay loans. We don't want to see those funds being use