Thank you, Mr. Cory.
Canadians expect that taxpayer-backed financing decisions are going to be made on merit, with strict due diligence and without political influence. Today, we're examining a $206-million loan from the Canada Infrastructure Bank to the wind farm project linked to several well-connected Liberal insiders, including former MPs.
Mr. Cory, small businesses in communities like Haldimand—Norfolk, where I live, and across Canada are paying average bank rates of roughly 8%. The Infrastructure Bank is funded by taxpayer dollars, so you can imagine how taxpayers feel about such deals being made in secrecy with Liberal insiders.
Generally, small businesses are taking out loans at an 8% rate. Can you tell us whether the rate you have given this project is less than 8%?