Mr. Speaker, HRD was warned that the Iris sock grant would be a job killer and it certainly was.
Within weeks, two firms in the same sector had to shut their doors. Yet with two of their competitors out of business, Iris socks still could not deliver on its promises.
Iris created less than one-half of the 3,000 jobs promised. In fact, Iris did not live up to its half of the bargain. When Videotron did not deliver, it had to pay back $200,000. Why has the minister not demanded that Iris hand back $3 million of taxpayers' money for its broken promise?