Canadian audit reveals $3.5 billion in pandemic loans wrongly paid to ineligible firms.

Canada's Auditor General reported flaws in the management of $49 billion in pandemic loans to businesses, with $3.5 billion paid to over 77,000 ineligible firms. The report criticized the rapid rollout and outsourcing to Accenture, which received over 90% of $230 million in administrative fees. The government acknowledged the issues but defended the emergency support as crucial during the crisis.

December 02, 2024
35 Articles