Category: Export Credit

How a federal agency helps finance some of the world’s most corrupt regimes

Export Development Canada has perfected the art of lending billions of taxpayer dollars to scandal-ridden foreign buyers. But its transparency could use some work. Patricia Adams of Probe International shares her experience with EDC “disclosure”.

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Bombardier nabbed $3.7B in subsidies, yet the mob demands we punish its executives

The current exec pay hooha is a timely reminder about the real scandal here: the willingness of politicians to hand over billions of dollars in subsidies to a few favoured companies. What is Bombardier really selling? Itself as a recipient for government funds. As for planes, “it is selling the making of planes, or more particularly conspicuous government support for the making of planes, or perhaps just the idea of making planes,” writes Andrew Coyne, tongue firmly in cheek, for the National Post.

The silent partner

The future looks good for Canadian arms manufacturers, says journalist Paul Christopher Webster in this in-depth look at the sale of Canadian-built light armoured vehicles to Saudi Arabia — a sale approved by the Conservative government and supported by the Trudeau administration despite concerns the vehicles could be used against civilian populations.