Close X
Monday, November 18, 2024
ADVT 
National

Federal Help For Bombardier Pitched By Premiers Couillard And Wynne

The Canadian Press, 02 Mar, 2016 12:32 PM
    VANCOUVER — The premiers of Canada's two most populous provinces have joined forces to push for federal help for Bombardier's CSeries aircraft.
     
    Quebec Premier Philippe Couillard drew support from his Ontario counterpart in calling for Ottawa to back the airliner, saying the CSeries is important to the Canadian economy.
     
    The province wants the federal government to join it in contributing US$1 billion to the troubled jet program at Bombardier (TSX:BBD.B).
     
    Quebec has secured a 49.5 per cent stake in the CSeries and two of five seats on a separate board after agreeing last October to the financial contribution.
     
    Couillard says he understands it takes time for Ottawa to consider the proposal, but he likened Quebec's case to federal support for the auto industry in the past.
     
     
    Ontario Premier Kathleen Wynne supported Couillard, telling reporters at climate change talks in Vancouver that Bombardier is an important national company.
     
    The Liberal government has said it was continuing to evaluate the request for funding.
     
    The narrow-body CSeries planes, which are two years late and over budget at US$5.4 billion, are set to enter into service in the coming months.

    MORE National ARTICLES

    B.C. Judge Rules Against Secret Hearings For CSIS In Terror Probe

    B.C. Supreme Court Justice Catherine Bruce has ruled the media and the public will be allowed to attend the hearing that is considering if the RCMP manipulated the couple into carrying out the bomb plot. 

    B.C. Judge Rules Against Secret Hearings For CSIS In Terror Probe

    Five Suddenly Expensive Foodstuffs, According To Statistics Canada

    Five Suddenly Expensive Foodstuffs, According To Statistics Canada
    Climbing prices for fresh fruits and vegetables as well as meat products helped fuel the 1.6 per cent increase in Canada's annual inflation rate in December

    Five Suddenly Expensive Foodstuffs, According To Statistics Canada

    Weak Snow Layer Raises Risk Of Avalanche, Prompts Warning In B.C.

    Avalanche Canada has issued a special public warning that begins today and remains in effect until Monday.

    Weak Snow Layer Raises Risk Of Avalanche, Prompts Warning In B.C.

    Police Officers Describe Conditions Of Two Little Girls At Centre Of Abuse Trial

    Police Officers Describe Conditions Of Two Little Girls At Centre Of Abuse Trial
     Police officers have taken the stand to describe the physical condition of two small sisters who are at the centre of a criminal case in Regina.

    Police Officers Describe Conditions Of Two Little Girls At Centre Of Abuse Trial

    Ministers Develop Plan To Address Violence Against Aboriginal Women, Girls

    Ministers Develop Plan To Address Violence Against Aboriginal Women, Girls
    OTTAWA — Justice and safety ministers from across the country have signed off on an approach to reduce violence against indigenous girls and women.

    Ministers Develop Plan To Address Violence Against Aboriginal Women, Girls

    RCMP Court Case On Labour Code Charges Arising From Moncton Shootings Delayed

    RCMP Court Case On Labour Code Charges Arising From Moncton Shootings Delayed
    The Crown and defence have asked for more time to prepare a case on alleged Canada Labour Code violations by the RCMP related to the force's response to a June 2014 shooting rampage in Moncton, N.B.

    RCMP Court Case On Labour Code Charges Arising From Moncton Shootings Delayed