Federal government quietly writes off loan — but won’t reveal sum or say who got it

Commons Committee 20180620

The federal government bailed out GM and Chrysler in 2009 with $13.7 billion in public money. Only about $10 billion was ever recovered. And CBC News has obtained documents suggesting at least some of the remaining loan has been written off as unrecoverable. Finance Canada is staying mum, saying the matter is commercially confidential.