Hon. Tony Loffreda: Senator Gold, since August 2021, federal departments must ensure that a minimum of 5% of the total value of contracts are held by Indigenous businesses. I have explored this issue at the Standing Senate Committee on National Finance as part of our review of the government’s spending priorities. I have reviewed many departmental results reports, and the 5% minimum target is rarely met. For instance, Public Services and Procurement Canada, or PSPC, is struggling and hopes to increase these contracts from a projected 2.1% to 5% in just two years. That’s a big undertaking.

As our chair often reminds us, our committee shares a common denominator with the government, which is a desire for transparency, accountability, predictability and reliability for all Canadians, when we review federal spending. Two years into this directive, can you speak to us about the success of this measure?