With regard to Export Development Canada’s Canada account transactions to guarantee financing provided by commercial lenders to the Trans Mountain Corporation signed on April 20, 2022, March 24, 2023 and May 2, 2023, for each transaction: (a) was an assessment of the commercial viability of Trans Mountain Corporation completed prior to the guarantees being approved; (b) what evidence did the government rely on to complete this assessment; (c) what evidence did the Trans Mountain Corporation provide that it would be able to repay its commercial lenders; (d) what are the terms of the loan guarantees; and (e) if the Trans Mountain Corporation is unable to cover its debt to commercial lenders, what organizations within the government will be responsible for repayment?
In the House of Commons on September 18th, 2023. See this statement in context.