Public Accounts committee  They are listed on exhibit 1.3, page 15.

Public Accounts committee  Mr. Chair, through our discussion with the stakeholders we were told there was a market gap in the agri-food sector and the natural resources sector. The Farm Credit Corporation also does venture capital, but nonetheless there was a belief there was a market gap. The fact that no

Public Accounts committee  We're not suggesting anything here. All we're saying is that sunshine is the best antiseptic, so just publish the results for the return those types of investments are achieving, and this will inform other potential investors.

Public Accounts committee  Mr. Chair, this information was not released, so it's not publicly known. I think you'd have to ask the Department of Finance or the BDC.

Public Accounts committee  This is exactly the recommendation we made: that they should disclose more information about the performance of the venture capital action plan. They've agreed with our recommendation, so one would assume that eventually the investments and the performance of those investments wi

Public Accounts committee  The main reason they chose that structure of funds was so they wouldn't have to select the winners. The Department of Finance, BDC, and Industry don't have to identify which investments are promising. It's up to the funds to make those investment decisions.

Public Accounts committee  For each of the selected fund of funds, the government introduced some constraints in terms of the type of investment they could do or the type of research they could invest money in, such as science and tech, IT, and agriculture. These are the broad parameters that were suggeste

Public Accounts committee  Mr. Chair, as far as we know, the finance department did not do that analysis of the crowding out that the $400 million could potentially create. I remind the member that the objective of the program was to create a self-sustaining venture capital market. The ultimate outcome o

Public Accounts committee  This initiative was led by the Department of Finance, with the support of, at the time, Industry Canada and the BDC. BDC did some ex ante analysis before the initiative was announced. Mr. Ferguson referred to the analysis they did to identify the market gap. In regard to their p

Public Accounts committee  Sorry...?

Public Accounts committee  Exactly.

Public Accounts committee  It was at the request, Mr. Chair, of Sheila Fraser, who at the time was the Auditor General. I was attending, I think, a hearing of the status of women committee, and the GBA file was discussed then. It was when she left that meeting that she tasked the office to perform a GBA au

Public Accounts committee  No. The 2009 report, Mr. Chair, is a snapshot of the situation as of that year. We don't see how the file evolved over those 14 years.

Public Accounts committee  Do you mean from our office, as opposed to an internal audit from Status of Women?

Public Accounts committee  Because we, as an office, decided that time was required for the 2009 action plan to mature.