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Conservatives Urge Elon Musk to Compete with $2B Government Loan for Canadian Satellite Operator

  • Conservatives criticize the Liberal government’s $2.14-billion loan to Telesat, advocating for Elon Musk's Starlink as a more affordable option for providing high-speed internet to remote Canadian regions.
  • The loan includes a nine percent interest rate and gives the government a 12 percent stake in Telesat.
  • Telesat CEO defends the loan, emphasizing its importance for national security and Arctic defense.