Close X
Tuesday, October 1, 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

    Telus Q2 profit takes hit from Blacks closure, operating revenue up 5.1%

    Telus Q2 profit takes hit from Blacks closure, operating revenue up 5.1%
    Telus Corp. (TSX:T) is reporting a 10.5 per cent decline in net income for the second quarter, which included costs related to the closure of the 59 Blacks photography stores.

    Telus Q2 profit takes hit from Blacks closure, operating revenue up 5.1%

    Woman Arrested After Pattullo Bridge Crash That Damaged 30 Vehicles. PICS

    Woman Arrested After Pattullo Bridge Crash That Damaged 30 Vehicles. PICS
    A northbound car crossing the Pattullo Bridge in New Westminster, B.C., straddled the centre line and began driving over pylon dividers just before 6:30 p.m. on Thursday

    Woman Arrested After Pattullo Bridge Crash That Damaged 30 Vehicles. PICS

    B.C. Man Rylan Sandberg, 46, Admits To Possession Of Child Porn In Canada-Wide Bust

    B.C. Man Rylan Sandberg, 46, Admits To Possession Of Child Porn In Canada-Wide Bust
    Forty-six-year-old Rylan Sandberg pleaded guilty to possession of child porn in May.

    B.C. Man Rylan Sandberg, 46, Admits To Possession Of Child Porn In Canada-Wide Bust

    After 24 Pellet Gun Attacks, Abbotsford Police Arrest One, Search For Second Suspect

    After 24 Pellet Gun Attacks, Abbotsford Police Arrest One, Search For Second Suspect
    Police credit the observant cyclist with helping crack the case, by providing video of a hand sticking out the window of a 2006 dark blue Chrysler Sebring.

    After 24 Pellet Gun Attacks, Abbotsford Police Arrest One, Search For Second Suspect

    Saskatchewan Man, 24, Dies While Swimming In B.C.'s Shuswap Lake

    Saskatchewan Man, 24, Dies While Swimming In B.C.'s Shuswap Lake
    The service says Scott Kevin Glen was staying with friends on a rental houseboat moored at a marina near Sicamous, in B.C.'s Interior.

    Saskatchewan Man, 24, Dies While Swimming In B.C.'s Shuswap Lake

    Vancouver ESL Tutor, 70, Arrested For Sexual Interference Of 12-Year-Old Girl

    Vancouver ESL Tutor, 70, Arrested For Sexual Interference Of 12-Year-Old Girl
    Christopher Jon Adams was hired to tutor a girl after she arrived in Canada in 2013 and that an investigation began after allegations he may have touched the child for sexual purposes

    Vancouver ESL Tutor, 70, Arrested For Sexual Interference Of 12-Year-Old Girl