Hon. Leo Housakos: I want to shift now from one fiasco to another. It’s now been a year and a half since Trudeau’s Housing Accelerator Fund for building new homes in Canada was announced. We look to Toronto, Montreal and Vancouver and find record lows in building homes. When will your government realize that its home-building plan is a failure and go back to the drawing board or, better yet, just resign for the betterment of future generations of Canadians?

Senator Housakos: The fact seems to contradict what the government is trying to articulate. At the end of the day, we’re talking about how the board of directors of the foundation resigned in unison. Clearly, there’s something there that draws suspicion. Furthermore, we have sources from the intelligence community that have actually gone public right now through the media and have said on many occasions they tried to inform the Prime Minister of egregious behaviour and direct threats to our democracy. There are reasons why we’re asking all these questions, Senator Gold.

Speaking of foreign money laundering, also at the same cash-for-access dinner with the Prime Minister was the founder of WealthONE Bank of Canada, which at the time was awaiting approval for federal regulators to begin operating in Canada as a domestic bank rather than as a foreign bank. Wouldn’t you know it, similar to the donation of the Trudeau Foundation, WealthONE magically received their long-awaited approval just a few short weeks after this particular dinner.

Senator Gold, fast forward to just a couple of months ago, and WealthONE Bank of Canada was slapped with almost $700,000 in fines by Canada’s anti-money-laundering watchdog, FINTRAC, or the Financial Transactions and Reports Analysis Centre of Canada. FINTRAC cited numerous failures to comply with federal law designed to guard against terrorist financing. In response to questions about this, your government simply said that the matter was closed.

My question to you is this: What did the founder of WealthONE promise Justin Trudeau at this dinner that resulted not only in favourable regulation very quickly but, furthermore, the government turning a blind eye when it came to money laundering and simply saying the case was closed and not giving detailed answers? Is there another donation to the Trudeau Foundation that we should perhaps be investigating deeper?

Hon. Leo Housakos (Acting Deputy Leader of the Opposition): Minister, in May 2022, the President of VIA Rail Canada, Cynthia Garneau, made a surprise announcement that she was resigning after being on the job for only three years. We don’t know why she resigned. VIA Rail has had an acting president for more than five months. VIA Rail will soon start a megaproject for high-frequency trains between Quebec City and Toronto, and we’re hearing about investments in the billions of dollars.

Minister, I’m very concerned. What is going on with VIA Rail’s governance? When will you appoint a president for VIA Rail Canada?

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