Mr. Speaker, the reality is that the circumstances surrounding this loan are appalling. Let me quote from financial analysts at BDC who first reviewed this loan, their statement, not ours: “...the financials clearly indicated inadequate cashflow to service the current obligations of the” Grand-Mère inn.
Could the Minister of Industry, the minister responsible for the BDC, explain why this company received this loan when it clearly did not qualify, in the words of the BDC analysts themselves?