Mr. Speaker, Export Development Canada has a massive outstanding loan portfolio to two companies, Nortel and Bombardier. The total amount outstanding to these two companies is $10 billion.
Over the weekend it was revealed that the Liberal government added to that total with a $1 billion loan guarantee to Nortel.
With taxpayers already on the hook for $10 billion in guarantees, why did the government commit to another $1 billion of corporate welfare?