Mr. Speaker, allow me to be very clear.
The Export Development Corporation does not give grants. It is a corporation that makes loans to businesses at commercial rates of interest. So $1 billion is not missing. Loans are made at commercial rates to international businesses and clients wishing to buy goods here in Canada.
That is the specific mandate of the Export Development Corporation, which generated profits of $118 million last year and helped 5,000 companies export goods abroad.