Government is writing-off billions in loans.
The Trudeau government says over $6.3 billion in taxpayer-funded loans won’t ever be paid back.
The full amount is being written off.
Most of the loans were to businesses and students.
According to the CP, $2.6 billion in loans through Export Development Canada were written off.
The write-offs are just the latest, as the Trudeau government wrote-off “some $3 billion in loans in each of the past two years.”
The Trudeau government is also forgiving some loans – adding up to $1.1 billion.
In total, that’s billions of dollars the Canadian taxpayers will never get back.