Mr. Speaker, the government has insisted for years that all loans through Technology Partnerships Canada would be repaid in full. To date the program has spent $2.7 billion taxpayer dollars, but only has recovered $89 million, less than 3%. That is a shame.
Now an internal Industry Canada report makes clear what the opposition and the media have been saying for years, that these loans will not be repaid in full, not even close.
Why has the government consistently misled Canadians by telling them and the House that these loans would be repaid? Why is the government continuing to waste taxpayer dollars on corporate--