The Dairy Processing Investment Fund, a federal program to compensate the dairy industry for free trade impacts, awarded a $7-million grant to a multibillion-dollar corporation — Montreal’s Saputo Foods Ltd.
Citing Access To Information records, Blacklock’s Reporter found the fund’s largest grant went to the company, which had $13.5 billion in revenues and paid $254.6 million in dividends to shareholders last year.
Saputo has 21 plants in Canada along with dairy and cheese operations around the world.
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