Trudeau Announces $2.14 Billion Loan to Telesat, Creating 2,000 Jobs

Sep 14, 2024, 10:54 PM

The Canadian government, led by Justin Trudeau, has announced a $2.14 billion loan to Telesat to create the country's largest space program, which is expected to support 2,000 jobs. The program involves building the world's largest high-volume satellite manufacturing facility in Quebec in collaboration with MDA. However, the decision has faced criticism from some Conservative MPs and the public, who argue that the government should consider using existing services like Elon Musk's Starlink instead of investing in a new project. Supporters of the loan, including François-Philippe Champagne, argue that it will bolster the Canadian space industry and create significant employment opportunities, criticizing opponents like Pierre Poilievre for preferring to give money to foreign billionaires.