Close X
Thursday, September 26, 2024
ADVT 
National

PM Says Bombardier Must Make A Business Case If It Wants Federal Aid

Darpan News Desk The Canadian Press, 10 Nov, 2015 11:57 AM
    OTTAWA — If Montreal-based aerospace manufacturer Bombardier Inc. needs federal money to aid its CSeries jet project, it'll have to make a "strong business case," Prime Minister Justin Trudeau told a meeting of labour leaders Tuesday.
     
    Trudeau was responding to questions at a closed-door Canadian Labour Congress gathering in Ottawa — the first time a sitting prime minister has addressed the country's biggest labour body in more than 50 years.
     
    He told the CLC's Canadian council that his government won't prop up a business on the basis of emotion or politics, sources inside the room disclosed.
     
    Trudeau did, however, characterize Bombardier as a high-value manufacturer in the same league as the auto sector, which received government money to help it get through the 2008 recession.
     
    "There's no question that high-value manufacturing is going to be an extremely important part of Canada for years to come. Aerospace is a great example of that, as is the auto sector and others," Trudeau told the gathering.
     
    "How we can best invest and support that kind of manufacturing needs to be done responsibly and with our eyes open, and not just based on emotion or politics or symbols," he said.
     
    "There has to be a strong business case. We're going to make sure that decision is taken based on what is in the best interest of Canadians, writ large."
     
    The Quebec government said last month it would invest $1 billion in the CSeries in return for a near 50 per cent stake in the project.
     
    Since then, the province has been lobbying Ottawa to match the contribution.
     
     
    The project has saddled the company with debt, forcing it to into a struggle to raise cash in order to keep it afloat.
     
    Transport Minister Marc Garneau, who represents a Quebec constituency, has said Bombardier has not formally approached the government about possible federal aid.
     
    Trudeau's comments about Bombardier came as no surprise, said CLC president Hassan Yussuff.
     
    "I think Bombardier's got a good, strong argument regarding the business case," Yussuff said after the prime minister spoke.
     
    "Bombardier's got a large footprint across this country in terms of jobs and community and I think it's very important to maintain that."
     
    The last time a prime minister appeared in front of the Canadian Labour Congress was when John Diefenbaker spoke at the organization's 1958 convention.
     
    Trudeau was loudly applauded when he told Tuesday's meeting of more than 120 labour leaders that his government will fulfill the Liberal campaign promise to repeal Bills C-377 and C-525 — the former Conservative government's anti-union legislation.
     
    Trudeau said he recognizes that "labour is not a problem, but a solution."
     
     
    The prime minister also welcomed a pledge from the CLC to help in dealing with climate change and the Syrian refugee crisis.
     
    "We have more than 130 labour councils and 25,000 union locals in communities across Canada and we’ve made it clear to the prime minister that we want to do our part in helping his government meet its goal to welcome and resettle 25,000 Syrian refugees to Canada," said Yussuff.

    MORE National ARTICLES

    Latest Xprize Offers $20 Million To Find New Uses For Carbon Emissions

    Latest Xprize Offers $20 Million To Find New Uses For Carbon Emissions
    Asking the public to "reimagine carbon," a group of oilsands companies is helping to launch a $20-million XPrize competition to find innovative ways to address carbon emissions.

    Latest Xprize Offers $20 Million To Find New Uses For Carbon Emissions

    Audit won't decide if Pan Am execs get $5.7 million in bonuses

    Audit won't decide if Pan Am execs get $5.7 million in bonuses
    Ontario's auditor general will conduct a financial audit of the Pan Am Games in Toronto, but will not determine if executives should split $5.7 million in bonuses.

    Audit won't decide if Pan Am execs get $5.7 million in bonuses

    Boa Constrictor Missing For A Month In Fredericton Has Been Found

    Boa Constrictor Missing For A Month In Fredericton Has Been Found
    A boa constrictor named Venus that went missing in a residential neighbourhood in Fredericton more than a month ago has been found.

    Boa Constrictor Missing For A Month In Fredericton Has Been Found

    Alberta's Notley tries to clarify her feelings about Mulcair's climate plan

    Alberta's Notley tries to clarify her feelings about Mulcair's climate plan
    Alberta Premier Rachel Notley says she "strongly supports" the federal NDP's plan to combat climate change, except for a cap-and-trade system that could potentially move money out of her province.

    Alberta's Notley tries to clarify her feelings about Mulcair's climate plan

    Residents Plucked From Balconies As Fire Races Through Large Surrey Apartment

    Residents Plucked From Balconies As Fire Races Through Large Surrey Apartment
    The most extensive damage appears to be on the top floor of a newer three or four storey building not far from the Gateway SkyTrain station (on King George Boulevard at 108 Street.)

    Residents Plucked From Balconies As Fire Races Through Large Surrey Apartment

    Stepdad Says Kamloops Teen Texted She Was Pregnant Hours Before She Was Killed

    Stepdad Says Kamloops Teen Texted She Was Pregnant Hours Before She Was Killed
    "'Dad, I have something to tell you — I'm pregnant,'" Glen Wilson testified Tuesday, recalling the text he received from CJ Fowler

    Stepdad Says Kamloops Teen Texted She Was Pregnant Hours Before She Was Killed