John Todd Keewatin Central

Thank you, Madam Speaker. If I may just go back to the original question, I would say to the honourable Member that I did recently seek an additional $3 million for the Credit Corporation because all the funds we had in the past were taken up. That again, may be an indication of the activity as well as the possibility that the banks are not lending to the same degree as they have in the past.

With respect to the Arctic co-ops credit union initiative that's been going on for heaven knows how many years, we're currently putting forward an application to the EDA secretariat seeking some fiscal support for the ACL's application to seed or bridge-finance the dollars that are required for the establishment of an ACL-sponsored credit union. We're optimistic that the potential for that could be approved some time in November. Thank you.