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Former minister says province was warned dairy plant could close

Fiscal Policy & BudgetElections & Domestic PoliticsManagement & GovernanceCompany Fundamentals

New Brunswick is being questioned over what it knew about a possible 60-job loss at a Sussex-area dairy plant before issuing the same company a $2.4 million loan. The report raises governance and public-funds scrutiny rather than an immediate market-moving corporate event. The key issue is whether the province had advance warning of plant closure risk when the loan was approved.

Analysis

New Brunswick is being questioned over what it knew about a possible 60-job loss at a Sussex-area dairy plant before issuing the same company a $2.4 million loan. The report raises governance and public-funds scrutiny rather than an immediate market-moving corporate event. The key issue is whether the province had advance warning of plant closure risk when the loan was approved.

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