Ontario’s Kleptocracy strikes deal to “sell” Hydro One shares to First Nations at a discount with your money

First Nations in Ontario will get the chance to buy shares in Hydro One, a public utility the Liberal government has partially privatized.

The government says it has reached an agreement in principle with the province’s First Nations to loan them up to $268-million to buy up to 15 million shares at $18 per share.

That is above the province’s book value, but below the $24-to-$26 range the stock has been trading in recent months.

h/t WS & Waffle

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