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Trudeau government forgives $7.4 million loan for multi-billion-dollar Irving family
Business & Finance

Trudeau government forgives $7.4 million loan for multi-billion-dollar Irving family 

The Canadian government closed a file on two multi-million-dollar loans for the highly affluent Irving family after they discovered that the Irving family simply has no intention of paying their debts.

According to CBC, “The two loans were part of a $55 million federal program launched in 2003 to cushion the economic impact of J.D. Irving Ltd. closing its shipyard in the city. Ottawa established the program after Irving centralized its shipbuilding business in Halifax.”

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