Mr. Speaker, I understand that EDC has agreed to provide Nortel cover for bonds secured against assets in support of future transactions. It is well within EDC's commercial mandate to provide trade finance services for Canadian exporters and investors. EDC is a financially self-sustaining crown corporation that has made money every year since 1944 with the exception of one year.
In the House of Commons on February 17th, 2003. See this statement in context.