Mr. Speaker, my question is for the finance minister in the absence of the Minister of Canadian Heritage.
The CBC recently issued a $380 million bond to finance the new broadcast centre in Toronto. This financing will cost almost $4 million a year for the next 30 years because the bond is being issued at a rate higher than a regular government bond would be. This $120 million is excess interest costs.
Can the minister tell the House if his government has had the opportunity to mitigate the loss by cancelling the bond issue and issuing a normal government bond?