Mr. Speaker, the Export Development Corporation is an arm's-length corporation that seeks to assist Canadian companies and workers in exporting products. The Vale loan is designed to facilitate an expansion of a nickel processing facility in Newfoundland and some other projects in Ontario, and as well, to facilitate the purchase of equipment manufactured by Canadian workers, to be used in projects abroad. We think these are all good things for the Canadian economy.
In the House of Commons on October 4th, 2010. See this statement in context.