Mr. Speaker, the Business Development Bank charged the Auberge Grand-Mère an astronomical interest rate of 25% on its loan.
Information obtained through an access request shows that the highest interest rates offered by the BDC anywhere in Canada over the last seven years was 12.6%. This means that the Auberge Grand-Mère was twice as risky as the second craziest venture that the BDC was prepared to finance.
Why did the Prime Minister use his political muscle to put Canadian taxpayer money at such risk?