Mr. Speaker, yesterday I questioned the logic behind the Liberal government's $500 million low interest loan to Brazil because of Brazil's policy to promote its aerospace industry with massive subsidies.
The Minister of Finance told the House that Brazil never exercised that option. However, page 33 of his department's 1999-2000 performance report states that Canada did indeed lend the money to Brazil and that Brazil paid it back along with $20 million of interest.
Was the finance minister talking about an additional loan he was making to Brazil, or would he just admit he was wrong?