A loan guarantee is not necessarily an expense. To my knowledge, the government has not written it off as a liability per se, as a loss. Therefore, the government probably fully expects it to be repaid. I don't disagree with that assessment. I don't think the loan guarantee to the tune of $10 billion will mean a disbursement of that amount by the Government of Canada.
On November 24th, 2022. See this statement in context.