Mr. Speaker, the Government of Canada recently announced that it would fight Brazil's subsidies to its aerospace sector by using Canada's good credit rating to provide low interest loans to Bombardier's customers.
However, even that low interest loan did not compare to the one Canada provided to Brazil in 1999: $500 million at an interest rate of 4.3%. How does the Minister of Industry know that the low interest loan to Brazil did not go directly to subsidize its aerospace industry, which is in fierce competition with Bombardier?