Today, the Honourable Rechie Valdez, Minister of Small Business, tabled in Parliament a report by Innovation, Science and Economic Development Canada on the statutory review of the Business Development Bank of Canada Act (BDC Act). The BDC Act requires that the Minister of Small Business, together with the Minister of Finance, conduct a legislative review every 10 years. This is to ensure that BDC continues to respond to the changing needs of small and medium-sized enterprises (SME) and delivers the support businesses across Canada need. The BDC legislative review was a year-long process involving public consultations and meetings with stakeholders and businesses to evaluate BDC’s performa
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