Recently, Business Development Bank of Canada (BDC) has been undergoing a regulatory legislative review as required by the BDC Act. According to the Government of Canada, “the purpose of the Legislative Review is to evaluate the provisions and operations of the BDC Act and examine how the mandate of the BDC has evolved and might continue to evolve to support Canadian entrepreneurs and SMEs over the coming decade.” As such, Co-operatives and Mutuals Canada (CMC) has taken part in a stakeholder consultation to support the evidence-based analysis and review of the legislation. The consultation was open to all Canadians including entrepreneurs, experts and stakeholders in academia, business, and industry.  

From the perspective of the Canadian co-operative movement, we are pleased to engage with the BDC for the 2023 Legislative Review. CMC participated in the in-person Ottawa session in late 2022 and wishes to reiterate some perspectives on how BDC can best serve co-ops and grow its services to diverse Canadian co-ops that create inclusive economic growth.   

Should you have any questions regarding the submission or the review process, please contact Diamond Isinger, Director of Advocacy, at disinger@canada.coop