Close X
Monday, September 23, 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

    Police Investigator Being Cross Examined About Interview In Oland Murder Trial

    SAINT JOHN, N.B. — Defence lawyers for Dennis Oland have begun cross-examining the lead investigator of the murder of Richard Oland.

    Police Investigator Being Cross Examined About Interview In Oland Murder Trial

    Threats Against Westjet Flight Exposed Holes In Information Sharing, Feds Told

    A spate of bomb threats against Canadian airlines over the summer exposed what one airport executive believed were shortcomings in how the industry and federal government share information about threats, newly released documents show.

    Threats Against Westjet Flight Exposed Holes In Information Sharing, Feds Told

    Belgian Princess Visits Vancouver, Calgary To Increase Trade, Investment

    Belgian Princess Visits Vancouver, Calgary To Increase Trade, Investment
    A trade delegation of 228 people — including a Belgian royal — has started a week-long visit to British Columbia and Alberta in an effort to promote Belgian companies and establish ties to other markets, including Asia.

    Belgian Princess Visits Vancouver, Calgary To Increase Trade, Investment

    8 Quebec Police Officers Suspended In Wake Of Sexual-Assault Allegations

    Quebec's public security minister says eight provincial police officers who allegedly sexually assaulted native women have been put on administrative leave.

    8 Quebec Police Officers Suspended In Wake Of Sexual-Assault Allegations

    Scotiabank Tells Employees That Some Regional Processing Offices To Close

    Scotiabank Tells Employees That Some Regional Processing Offices To Close
    The bank says it will open two new hubs in the Toronto area with more advanced technology to handle those tasks.

    Scotiabank Tells Employees That Some Regional Processing Offices To Close

    Oldest Athlete In Seniors Games: Javelin Thrower Florence Storch Dies At 102

    A feisty Alberta centenarian who made headlines for competing in javelin events has died. Florence Storch was 102.

    Oldest Athlete In Seniors Games: Javelin Thrower Florence Storch Dies At 102