Foreign Affairs committee  Ideally, given the government's desire to see this organization up and running and active by January 2018, there will have to be a degree of planning and activity going on in parallel. Just how that happens is the question of the moment.

Foreign Affairs committee  As I was mentioning, I think there is going to need to be a community of interest created whereby market intelligence is shared because there will be, whether through the trade commissioner service window or through our development programming window, development needs or market

Foreign Affairs committee  As a wholly owned subsidiary, its financials will be consolidated with EDC's financials, which means that from a reporting perspective the two will need to go hand in glove. You won't want to separate these financials, nor will you want to separate out the approvals, because that

Foreign Affairs committee  There are two really, one conceptual and one very pragmatic or practical issue of bodies and services. Let me take them in reverse order. The DFI will have to establish its own team over the coming months. The government will work closely with EDC to define the core functionalit

Foreign Affairs committee  During the Prime Minister's announcement on May 5, when he announced that the organization would eventually find its headquarters located in Montreal, he noted that the organization would generate 100 full-time jobs. It remains to be seen. We have to, as public servants and as th

Foreign Affairs committee  I can't speak to or defend the government's priorities. I think those are questions that are probably more appropriately posed to a minister of the crown.

Foreign Affairs committee  The organization will need to be self-sustaining. The speed with which it attains that self-sustainability remains to be determined. It will depend on the portfolio that it constructs, and of course, the returns that it generates.

Foreign Affairs committee  I think it remains to be seen. I wouldn't want to speculate. It doesn't even exist yet.

Foreign Affairs committee  That's a good question. In law, it will have access to all the instruments, so it will be able to do loans, take equity stakes, and provide guarantees. The extent to which it uses these instruments, so the degree to which and the sequencing over time, will depend on the organizat

Foreign Affairs committee  Honestly, it depends. I can see that you could deal with this issue and structure microloans in various different ways, including providing funding to fund the funds. Now I'm getting technical, but there are various ways of dealing with this and—

Foreign Affairs committee  That remains to be seen.

Foreign Affairs committee  Five.

Foreign Affairs committee  It's neither. It's EDC, so we are—

Foreign Affairs committee  EDC, in law, actually reports to the Minister of International Trade. It is an arm's-length crown corporation. It has its own financials, its own books. Basically, the capitalization is being taken from the existing capital base of EDC.

Foreign Affairs committee  It's EDC money that's taken from the fruits of their activities.