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Auditor-General finds risk 'weaknesses' in Export Development Canada loans

May 1, 2018 - The Globe and Mail (Canada)

Export Development Canada is mishandling loan risks and keeping board members in the dark about key financing arrangements, according to a scathing report by federal Auditor-General Michael Ferguson.

"The audit found a number of weaknesses in risk management that, when combined, amount to a significant deficiency," the Auditor-General said in a statement on Monday.

Mr. Ferguson faulted the Ottawa-based export lender for not adequately tracking potentially risky loans, failing to keep

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