BRANTFORD, Ont. — The $25-billion government deal to buy mortgages from Canada’s banks isn’t a lifeline for lenders stuck with bum loans, Prime Minister Stephen Harper said Friday…
He said the government will likely make money on the deal, because its borrowing costs are lower than those available to banks.
Harper also produced an election goodie, promising a $50-million grant to a high-tech research lab at the University of Waterloo.
The money goes to the university’s Institute of [sic] Quantum Computing.
The prime minister says it’s in line with the government’s efforts to spur research and development.
A new way to get out of the financial crisis: invest in the quantum computing! (joke about a superposition of rich and poor deleted for sanity’s sake.)