Industry committee  Good afternoon, everyone. Bonjour. On behalf of my colleagues at BDC, thanks for the invitation to join you today. Naturally, we are pleased to contribute to your deliberations. I would like to share with you BDC's observations on the challenges that small and medium-sized bus

Finance committee  I will send you that information in one week.

Finance committee  I can send it to the clerk.

Finance committee  Thank you very much. Just be assured we're doing everything we can to help out there.

Finance committee  If they can't put together a security of at least $100 million triple A—the purpose of that facility was to do that—then I guess that facility can't help them.

Finance committee  The answer is not enough, probably. For example, just so you know, we met not long ago with PricewaterhouseCoopers from the U.S., which dealt with the TARP program and the TAF program. The reason we did is that we wanted to make sure, with the way we were structuring CSCF, whethe

Finance committee  Honestly, I believe that's what we'll be hearing from the better financed ones, that they will say, no, we have cheaper sources of funds, thank you very much.

Finance committee  I'll be happy to keep you up to date.

Finance committee  I'd love to respond to that. We price for risk, and we price for risk, we believe, appropriately. But we also have a mandate to be complementary to the financial institutions. One of the ways to be complementary is to make sure we don't steal the deal from the financial institut

Finance committee  I must confess that I would like to give you a more informed answer than what I could give you right now. I would like to think about it before I give you an answer.

Finance committee  This morning, I met with Minister Blackburn and Minister Lebel to discuss forestry. We are concerned. My answer is that we have not yet implemented our guarantee on the letters of credit. That will be launched soon. I would rather check than answer you without having the proper i

Finance committee  We already have a great number of auto dealers as clients. As a matter of fact, as the auto crisis was evolving, rest assured that we were reviewing our auto dealer portfolio on a regular basis. We do lend to these folks and we are happy to do so. We look at it case by case, and

Finance committee  And we get those calls on a regular basis.

Finance committee  CSCF, the credit facility, does cover floor plans. Part of the $11 billion will definitely go to floor plan financing.

Finance committee  I believe you are, partly. In the good old days, there was a securitization market available, and dealer floor plans made that market, at least for the larger players. The $11 billion has been allocated to firms, and they can do idle loans or idle leases, equipment loans or equip