Industry committee  I assure you, it does.

Industry committee  I will pick that up very quickly, so as not to be cut off. A supplier would then move to another country. Right now, in order to help that Canadian entrepreneur, what we have to do is lend to the Canadian company and that entrepreneur then moves the money down, let's say, to the

Industry committee  We are trying to make sure our role is to make our Canadian companies more and more competitive, and in some cases in a globalized environment, some of them, in order to keep growing, may have to go and establish a plant elsewhere. Our concern is to make sure that that Canadian e

Industry committee  It is about reducing the level of debt on the Canadian balance sheet, so that that Canadian entrepreneur has more room to borrow in Canada for the Canadian business.

Industry committee  I'm being cut off. Okay.

Industry committee  That's a very specific question that, candidly, I wish I could answer, but we've got 30,000 clients and I'm afraid that I don't know if we do that. In terms of the environment generally, I can tell you that we're very careful. Every time we do lending, we'll make sure there's a p

Industry committee  Basically, as I mentioned earlier, we are really seeking three major amendments. The first one is the ability to lend directly to a subsidiary. I'll give you a very simple example. Bombardier decides to move their plant to a foreign country. They're asking their Canadian supplie

Industry committee  The one thing that is being permitted under this change, if approved, is the ability for us to invest in a venture capital fund. That's really what we have in mind. It would be headquartered, let's say, and I'll use a very specific example of one that I have in mind, in Toronto.

Industry committee  Mr. Chairman, distinguished committee members, thanks for the invitation to appear. The proposed amendments to the Business Development Bank of Canada Act were foreshadowed in a report by the Minister of Industry tabled in Parliament on June 16, 2014. They can be characterized a

Industry committee  The subordinate financing--just to explain exactly what it is--is a type of lending whereby the business owner should really be putting equity in the business, but instead of that, he's getting a loan. The risk of the loan is really an equity risk because you're so far down behin

Industry committee  Can I add to this for a second and come at it from a slightly different angle? Right now, money to venture capital funds comes either from pension funds--and they're looking to maximize returns, so they're looking at the returns now of B.C., and they're not putting money in B.C.

Industry committee  We have been profitable since BDC was created back in 1995, every year, and in every year we've returned a dividend to Ottawa. I have to say that we forecast a loss in our corporate plan this year simply because we thought our losses from write-offs of bad loans would be high.

Industry committee  I guess I'd like some clarification on the question. The numbers I quoted on the increase in delinquency and impaired are from our general population of clients, the 29,000 clients. So is the 75%; our very large survey of thousands of our clients shows that 75% are looking at i

Industry committee  The definition of venture capital that I think we're all using around the table is very much young technology companies. That's really it and nothing else, right? We're focused on that? So the question you're asking is what else could we be doing?

Industry committee  I'll turn to my colleague here.