Mr. Speaker, the board of directors of Canada 3000 has come to the conclusion, due to changing circumstances over the past 10 days, that the business plan originally submitted to the government would not meet the government's condition of liability.
That is why the board is meeting right now. Given that it is meeting, it is unwise for me to make any substantive comment. However I should inform the House that the announced loan guarantee has not been finalized and there is no financial liability to the taxpayer of Canada.