Mr. Speaker, it is amazing to watch the trade minister boast about the work of the Export Development Corporation and completely ignore its greatest defect.
Yesterday the trade minister said “in the last 50 years—the Canadian government has only granted about $1 billion to the EDC”, only a billion. What he failed to mention is that taxpayers are on the hook for all of EDC's bad loans and that total is now $2.8 billion. By ignoring this loss of taxpayer dollars, why is the minister making exactly the same mistake he made as minister of human resources?