Jarnhamar
Army.ca Myth
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Good my apprentice, let the power of the contracts flow through you
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Yet another Trudeau appointee with a McKinsey addiction
McKinsey & Co. – a high-priced consulting firm already facing accusations of outsized influence in the Trudeau government — also appears to have nurtured a curiously expensive relationship with the Business Development Bank of Canada in recent years.
The Business Development Bank is a 75-year-old Crown Corporation that provides venture capital to small and mid-sized Canadian entrepreneurs.
Reporting this week by the CBC found that as soon as Trudeau appointee Isabelle Hudon took charge of the BDC in 2021, one of her first orders of business was to hire McKinsey on a $5-million contract to completely remake the bank “from scratch.”
Hudon was also found to have incurred exorbitant expenses, such as a $320,000 event held for only a few dozen employees to mark the “new chapter” of her leadership. She also insisted on travelling with her own driver, adding thousands of dollars in costs to otherwise routine trips.