Close X
Saturday, September 28, 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

    Appeal Court Tosses Out Constitutionality Challenge Over Health Care

    Darcy Allen, who is from Okotoks, Alta., had argued unsuccessfully in Court of Queen's Bench that the Alberta government's monopoly on health care was unconstitutional.

    Appeal Court Tosses Out Constitutionality Challenge Over Health Care

    Jury Selection In Dennis Oland's Second-degree Murder Trial Completed

    Jury Selection In Dennis Oland's Second-degree Murder Trial Completed
    New Brunswick's Justice Department says a jury has been chosen for the trial of Dennis Oland on a charge of second-degree murder in the death of his father, high-profile businessman Richard Oland.

    Jury Selection In Dennis Oland's Second-degree Murder Trial Completed

    Lululemon Posts Us$47.7 Million Q2 Profit, Revenue Up 16%, Direct Sales Rise

    The Vancouver-based fashion retailer's net income, reported in U.S. currency, amounted to 34 cents per share.

    Lululemon Posts Us$47.7 Million Q2 Profit, Revenue Up 16%, Direct Sales Rise

    Constitutional Challenge Of Pipeline Hearing Rules Won't Proceed

    Constitutional Challenge Of Pipeline Hearing Rules Won't Proceed
    VANCOUVER — The National Energy Board has the right to limit evidence or exclude participants from the Kinder Morgan pipeline hearing, or any other hearing it conducts.

    Constitutional Challenge Of Pipeline Hearing Rules Won't Proceed

    Abbotsford Man Vishal Bajaj, 26, Charged With Drug Trafficking For Second Time

    Police say they seized cash, cocaine, heroin and methamphetamine

    Abbotsford Man Vishal Bajaj, 26, Charged With Drug Trafficking For Second Time

    'Terrorist, Go Back': Elderly Sikh Man Brutally Assaulted In Chicago, Called 'Bin Laden'

    'Terrorist, Go Back': Elderly Sikh Man Brutally Assaulted In Chicago, Called 'Bin Laden'
    Inderjit Singh Mukker was assaulted on Tuesday when the assailant pulled up to his car yelling racial slurs, including, “Terrorist, go back to your country, Bin Laden!”

    'Terrorist, Go Back': Elderly Sikh Man Brutally Assaulted In Chicago, Called 'Bin Laden'