i would rather see this done through a crown corporation than via loans to a private company and it would be far more efficient and far less expensive for the government to do this itself than to pay investors and shareholders in a marketization scheme, although that's no doubt a part of the plan. the way that corporate capitalism works is that investors pay politicians to write laws that send them subsidies. this isn't ideal, but it's real life. telesat has no doubt sent the liberal party a fair amount of money, and they get the contract in return. that's what really existing actual capitalism actually is.
however, it's better than offshoring it to a south african company, and the conservatives should be ashamed of themselves for proposing offshoring the country's satellite network in order to print less money. what a bunch of cheapskate losers. that's exactly the economic model that has led to the hollowing out of local industry and the collapse of the middle class. it's exactly the wrong economic model for the country to follow if it wants to compete in the 21st century.
we need to invest more in local industries and stop offshoring in order to do everything on the cheap.