Close X
Monday, September 30, 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

    Ontario And Alberta Split Air Ambulance Tab For Woman Who Went Into Early Labour

    Ontario And Alberta Split Air Ambulance Tab For Woman Who Went Into Early Labour
    Alberta's Ministry of Health confirmed the two provinces had come to an agreement so Amy Savill would not have to pay thousands of dollars.

    Ontario And Alberta Split Air Ambulance Tab For Woman Who Went Into Early Labour

    Housing Activity Will Slow 'Modestly' In 2016 As Interest Rates Rise: RBC Report

    Housing Activity Will Slow 'Modestly' In 2016 As Interest Rates Rise: RBC Report
    The report pegs the risk of an outright crash in real estate as low, saying RBC expects the economy to grow and that interest rates will likely rise gradually starting next year.

    Housing Activity Will Slow 'Modestly' In 2016 As Interest Rates Rise: RBC Report

    B.C. Police Bust Marijuana-Motorhome Road Trip, Seize 90 Kilos Of Pot In Hope

    B.C. Police Bust Marijuana-Motorhome Road Trip, Seize 90 Kilos Of Pot In Hope
    HOPE, B.C. — Mounties say officers in British Columbia's Fraser Valley have seized 90 kilograms of marijuana from a motorhome driven by two Ontario residents.

    B.C. Police Bust Marijuana-Motorhome Road Trip, Seize 90 Kilos Of Pot In Hope

    Coroners Inquest Into 3 Mental Health Patients' Deaths After Abbotsford Hospital Stay

    Coroners Inquest Into 3 Mental Health Patients' Deaths After Abbotsford Hospital Stay
    The B.C. Coroners Service says each of them had been admitted to Abbotsford Regional Hospital for mental health issues a few days before their deaths.

    Coroners Inquest Into 3 Mental Health Patients' Deaths After Abbotsford Hospital Stay

    As Crude Hits Six-year Lows, Towns In Alberta's Oilpatch Feeling The Pinch

    As Crude Hits Six-year Lows, Towns In Alberta's Oilpatch Feeling The Pinch
    CALGARY — Oil prices are the lowest they've been since the Great Recession and mayors in Alberta's oilpatch are noticing the difference.

    As Crude Hits Six-year Lows, Towns In Alberta's Oilpatch Feeling The Pinch

    'Bharat Mata Ki Jai': When Jason Kenney Led India's Independence Day Celebrations In Toronto

    'Bharat Mata Ki Jai': When Jason Kenney Led India's Independence Day Celebrations In Toronto
    Canadian Defence Minister Jason Kenney led the India Independence Day celebrations here by chanting `Bharat Mata ki jai’ and `Hindustan zindabad’.

    'Bharat Mata Ki Jai': When Jason Kenney Led India's Independence Day Celebrations In Toronto