Canadian taxpayers are providing Bombardier with $372.5 million in interest-free loans to support the CSeries and Global 7000 airplane initiatives.

Canadian taxpayers are providing Bombardier with $372.5 million in interest-free loans to support the CSeries and Global 7000 airplane initiatives.
Photo Credit: Paul Chiasson/The Canadian Press

Bombardier execs get big bonuses amid massive layoffs


As members of Canada’s middle class get increasingly annoyed with costs going up and salaries not keeping pace, they learned today that executives at Canadian airplane maker Bombardier got multi-million dollar bonuses last year. As Canadian Press reports, the jump in compensation happened at the same time as the company laid off thousands of workers around the world and taxpayers, through the government of Canada, are providing $372.5 million to Bombardier in repayable loans.

Last year, the government of the province of Quebec invested $1-billion US in exchange for a 49.5 per cent stake in the CSeries airplane project. And Quebeckers’ pension fund bought a 30 per cent stake in Bombardier’s railway division for $1.5 billion US.

At the news conference to announce the government’s loan to Bombardier, Innovation Minister Navdeep Bains (left) said the loan would save thousands of highly-paid technology jobs in the provinces of Quebec and Ontario.
At the news conference to announce the government’s loan to Bombardier, Innovation Minister Navdeep Bains (left) said the loan would save thousands of highly-paid technology jobs in the provinces of Quebec and Ontario. © Paul Chiasson/The Canadian Press

‘Canadian dream becoming more myth than reality’

As Radio Canada International’s Marc Montgomery reported in February of 2014, “more and more middle-class Canadians are trying to maintain their middle-class lifestyle by borrowing against the future, while others are borrowing to reach that dream, or simply giving up altogether. A document obtained by the Canadian Press under the Access-to-Information Act, says the Canadian dream for most people is becoming more ‘myth than a reality.’”

The prime minister knows it

On February 16, 2017, Prime Minister Justin Trudeau told the European Parliament that the CETA trade deal between Canada and the EU most work for the middle class. “Now, we live in a time when some people are worried that the current system only benefits society’s narrow elite. And their concern is valid.

“This anxiety towards the economy and trade – the worry that our kids won’t have access to the same jobs and opportunities that we have – can be addressed only if we ensure that trade is inclusive, and that everyone benefits.”

CBC News video

Nice, but will things change?

Some middle class Canadians who took notice of the prime minister’s statement may have had some consolation knowing he is aware of the problem. Others may be waiting to see if that translates into any kind of change in their situation.

Tagged with: , , ,
Posted in Economy, Politics, Society

Do you want to report an error or a typo? Click here!

@*@ Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

 characters available

Note: By submitting your comments, you acknowledge that Radio Canada International has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Radio Canada International does not endorse any of the views posted. Your comments will be pre-moderated and published if they meet netiquette guidelines.

Netiquette »

When you express your personal opinion in an online forum, you must be as courteous as if you were speaking with someone face-to-face. Insults and personal attacks will not be tolerated. To disagree with an opinion, an idea or an event is one thing, but to show disrespect for other people is quite another. Great minds don’t always think alike—and that’s precisely what makes online dialogue so interesting and valuable.

Netiquette is the set of rules of conduct governing how you should behave when communicating via the Internet. Before you post a message to a blog or forum, it’s important to read and understand these rules. Otherwise, you may be banned from posting.

  1.’s online forums are not anonymous. Users must register, and give their full name and place of residence, which are displayed alongside each of their comments. reserves the right not to publish comments if there is any doubt as to the identity of their author.
  2. Assuming the identity of another person with intent to mislead or cause harm is a serious infraction that may result in the offender being banned.
  3.’s online forums are open to everyone, without regard to age, ethnic origin, religion, gender or sexual orientation.
  4. Comments that are defamatory, hateful, racist, xenophobic, sexist, or that disparage an ethnic origin, religious affiliation or age group will not be published.
  5. In online speak, writing in ALL CAPS is considered yelling, and may be interpreted as aggressive behaviour, which is unpleasant for the people reading. Any message containing one or more words in all caps (except for initialisms and acronyms) will be rejected, as will any message containing one or more words in bold, italic or underlined characters.
  6. Use of vulgar, obscene or objectionable language is prohibited. Forums are public places and your comments could offend some users. People who use inappropriate language will be banned.
  7. Mutual respect is essential among users. Insulting, threatening or harassing another user is prohibited. You can express your disagreement with an idea without attacking anyone.
  8. Exchanging arguments and opposing views is a key component of healthy debate, but it should not turn into a dialogue or private discussion between two users who address each other without regard for the other participants. Messages of this type will not be posted.
  9. Radio Canada International publishes contents in five languages. The language used in the forums has to be the same as the contents we publish. The usage of other languages, with the exception of some words, is forbidden. Messages that are off-topic will not be published.
  10. Making repetitive posts disrupts the flow of discussions and will not be tolerated.
  11. Adding images or any other type of file to comments is forbidden. Including hyperlinks to other websites is allowed, as long as they comply with netiquette. Radio Canada International  is in no way responsible for the content of such sites, however.
  12. Copying and pasting text written by someone else, even if you credit the author, is unacceptable if that text makes up the majority of your comment.
  13. Posting any type of advertising or call to action, in any form, to Radio Canada International  forums is prohibited.
  14. All comments and other types of content are moderated before publication. Radio Canada International  reserves the right to refuse any comment for publication.
  15. Radio Canada International  reserves the right to close a forum at any time, without notice.
  16. Radio Canada International  reserves the right to amend this code of conduct (netiquette) at any time, without notice.
  17. By participating in its online forums, you allow Radio Canada International to publish your comments on the web for an indefinite time. This also implies that these messages will be indexed by Internet search engines.
  18. Radio Canada International has no obligation to remove your messages from the web if one day you request it. We invite you to carefully consider your comments and the consequences of their posting.