Trudeau Government Says $6.3 Billion In Taxpayer-Funded Loans Won’t Ever Be Paid Back

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.

Spencer Fernando