Quote:
Originally Posted by burnin_vernon
A Crown Corp is a weird mix of a federal agency and a private corp. The point is they are self-sufficient and operate on a profit.
It is only funded by those who use its service.
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they may have a profit the last 2 years but for the previous 3 years they ran a deficit totalling well over 400 million dollars...someone paid that. Who do you think it was?
If they werent bailed out they would no longer be an entity. They are most definately still government controlled as their mandate comes from parliament when all is said and done.
In the 70's/80's they used to run deficits in the 100's of millions all the time...and guess who paid for that? Now it was still an essential service at that time so it was more about streamlining and getting the fat out than anything. That is not the case anymore however.