Mr. Speaker, the deal EDC negotiated, which was at arm's length from the government, was to cover bonds for third parties that actually do business with EDC. Thousands of jobs in Canada depend on exports. Every country in the world has an export credit agency like ours but we pretty much have the best one on the planet. Thousands of workers depend on EDC to continue financing Canadian exporters.
In the House of Commons on February 18th, 2003. See this statement in context.