Christinne Muschi / Reuters
Chris Helgren / Reuters
To say that Bombardier should be allowed to "crash and burn," as some have, is not only heartless for the thousands of workers and their families who would be left in desperate straits as a result, it is bad economic policy. It is important to remember that Bombardier is one of Canada's largest employers.
As the year draws to a close, it's worth looking back at some of the public policy issues that made headlines over the past 12 months, and that have a good chance of being in the news during the next 12 as well.
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As debate about federal support for the biggest player in Canada's aerospace industry, Bombardier, has heated up over the last few months, critics have come forward to say that investing in Bombardier would be a mistake, and that the company should be left to sink or swim on its own. They couldn't be more wrong.
Quebec Economy Minister Jacques Daoust announced that the Quebec government would be "investing" $1.3 billion in taxpayer money in Bombardier's beleaguered CSeries aircraft line, and promptly turned around to prod the new Trudeau government in Ottawa to pony up a similar contribution.
MONTREAL - Goldman Sachs has reiterated its downgrade of Bombardier (TSX:BBD.B) and shaved its stock price forecast even further amid expectations of additional delays in the Quebec company's CSeries...