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Percy Downe

The Hon. Percy E. Downe, B.A. Senator Percy E. Downe was appointed to the Senate of Canada by the Right Honourable Jean Chrétien. He has served in the Senate representing Charlottetown in the province of Prince Edward Island since June 26, 2003.

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Senate Banking, Trade and Commerce Committee Completes Statutory Review of the Business Development Bank of Canada

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Posted on 15 December 2010

Ottawa, December 15, 2010 – Supporting Canada’s entrepreneurs through the ups and downs of economic cycles is good for job creation and good for maintaining a resilient and dynamic Canadian economy, says the Standing Senate Committee on Banking, Trade and Commerce.

The committee made this statement in its report tabled today in the Senate, on the 10-year review of the Business Development Bank of Canada (BDC), as required by the Business Development Bank of Canada Act.

The committee has found that the BDC has been an important vehicle in helping the nation address the recent global financial and economic crisis. The committee envisions a modernized and financially sustainable BDC focused on meeting the domestic and international needs of the nation’s small and medium-sized businesses, which are the engines of the country’s growth.

To read the report and find out more about the Standing Senate Committee on Banking, Trade and Commerce, please visit http://senate-senat.ca/bancom-e.asp.

Members of the Standing Senate Committee on Banking, Trade and Commerce include the honourable senators Salma Ataullahjan (Toronto – Ontario),  Stephen Greene (Halifax – The Citadel – Nova Scotia), Mac Harb (Ontario), Céline Hervieux-Payette, P.C. (Bedford – Quebec), deputy chair, Vim Kochhar (Ontario), Paul J. Massicotte (De Lanaudière – Quebec), Michael A. Meighen (St. Marys – Ontario), chair, Percy Mockler (New Brunswick), Wilfred P. Moore (Stanhope St. / South Shore – Nova Scotia), Donald H. Oliver (South Shore – Nova Scotia), Donald Neil Plett (Landmark – Manitoba) and Pierrette Ringuette (New Brunswick).

For more information, please contact:

Media Relations:
Francine Pressault
613-944-4075
pressf@sen.parl.gc.ca

Committee Clerk:
Dr. Line Gravel
613-990-6081

gravel@sen.parl.gc.ca


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