The small business loan program the federal government rolled out during the COVID-19 pandemic wasn't managed with "due regard for value for money," auditor general Karen Hogan said Monday.
In an emailed statement, Export Development Canada said it only partially agreed because in "practical terms, implementing would be challenging and may also come at significant cost." Todd Winterhalt, its head of communications and public affairs, said in the statement it would explore potential options to recoup the money.
He said the organization is "very proud of what we were able to accomplish on behalf of the Government of Canada for Canadian small businesses. This was a net-new program with no precedent or instruction manual to follow." Hogan noted in the press conference that the program is ongoing. "Payments … will be ongoing for several years while action on defaulted loans is just beginning," she said.
Conservative candidate Don Stewart winning the closely-watched Toronto-St. Paul's federal byelection, and delivering a stunning upset to Justin Trudeau's candidate Leslie Church in the long-time Liberal riding, has sent political shockwaves through both parties.
Public Safety Minister Dominic LeBlanc says the federal government will 'absolutely' be adding more Canadian Border Services Agency and RCMP ‘human resources’ at the border.The latest attempt to bring down the minority Liberal government has stalled after the Conservatives blocked their own non-confidence motion from going ahead.
Yahoo and Rogers customers in Canada have until the end of the month to claim up to $375 cash from a data breach settlement.The British Columbia Securities Commission has fined a cryptocurrency trading platform and its director more than $18 million after finding the company lied to its customers by diverting nearly $13 million of their investments into gambling websites and personal accounts.
Botafogo overcame playing with ten men to win its first Copa Libertadores title after beating fellow Brazilian side Atletico Mineiro 3-1 in the final.Slippery or snow-covered roads, reduced visibility and bitter cold are all conditions that can make driving difficult and even dangerous during cold weather months. CAA spoke with CTV Morning Live this week on some of the best ways you can winterize your car.
Const. Bridget Morla, a Leduc RCMP officer, has been charged with two counts of sexual assault in connection with an incident that happened two years ago.Edmonton city council discussed money in all its forms Monday at city hall – be it taxes, deficits or reserves – as it begins two weeks of budget talks.A Nova Scotia lawyer who had to be restrained by deputy sheriffs during a court appearance earlier this year has lost his appeal of a suspension following the bizarre incident.
The looming threat of a 25 per cent tariff on goods imported to the U.S. is causing turmoil for Saskatchewan farmers, according to the Agricultural Producers’ Association of Saskatchewan .Five years after toddler's brutal death, Northern Ont. family struggles to find peace, justice
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