Close X
Sunday, September 29, 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

    Ottawa Posts $1.1 Billion Surplus For June Compared With $1.6 Billion A Year Ago

    Ottawa Posts $1.1 Billion Surplus For June Compared With $1.6 Billion A Year Ago
    The federal government posted a surplus of nearly $1.1 billion for June — half a billion less than in the same month last year when the surplus was $1.6 billion.

    Ottawa Posts $1.1 Billion Surplus For June Compared With $1.6 Billion A Year Ago

    Ashley Madison CEO Noel Biderman Ends Relationship With Company He Founded

    Ashley Madison CEO Noel Biderman is ending his relationship with the adultery website he founded 14 years ago, weeks after the Toronto-based company was hacked in an attack that dealt a blow to its reputation for discretion.

    Ashley Madison CEO Noel Biderman Ends Relationship With Company He Founded

    Activist Files For Emergency Help For Skygreece Airline's Stranded Passengers In Toronto

    Activist Files For Emergency Help For Skygreece Airline's Stranded Passengers In Toronto
    A claim filed by passenger rights advocate Gabor Lukacs says the federal agency has broad powers and should use them now to protect an estimated 1,000 passengers affected by recent flight cancellations by SkyGreece Airlines.

    Activist Files For Emergency Help For Skygreece Airline's Stranded Passengers In Toronto

    Quebec's Securities Regulator Investigating Ex-Bell Employee In Insider Trading Case

    Quebec's Securities Regulator Investigating Ex-Bell Employee In Insider Trading Case
    Quebec's securities regulator is investigating a former Bell employee for alleged insider trading related to several acquisitions the company made between 2012 and 2015.

    Quebec's Securities Regulator Investigating Ex-Bell Employee In Insider Trading Case

    Winds Could Whip Up Fire Activity In B.C., Washington State: Wildfire Service

    Winds Could Whip Up Fire Activity In B.C., Washington State: Wildfire Service
    Fire information officer Kevin Skrepnek says Grand Forks and Christina Lake residents could be asked to leave at a moment's notice if winds blow embers from the 195-square-kilometre Stickpin blaze across the border into B.C.

    Winds Could Whip Up Fire Activity In B.C., Washington State: Wildfire Service

    Several Items Of Interest In Murder Of Physics Student Found On Property: Police

    Police investigating the murder of a Dalhousie University physics student in Halifax say they have found several items on a property outside the city they believe are linked to the homicide.

    Several Items Of Interest In Murder Of Physics Student Found On Property: Police