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Author	Topic: Ottawa extends $250M fund for auto sector	Post a Reply Back to Topics

Nicoalbum Champion Author Ottawa Posts:6,032 Points:1,191,125 Joined:Jan 2010	Message Posted: Jan 5, 2013 11:10:58 AM Ignore Nicoalbum Report Abuse Ottawa has renewed the $250 million investment fund that puts cash aside for car companies and their suppliers, part of a five-year plan to help keep the auto manufacturing industry thriving in Canada. Prime Minister Stephen Harper, speaking at the Ford plant in Oakville, Ont. on Friday, said the Automotive Innovation Fund has helped Canada's auto sector become more innovative, agile and competitive. "The rebound of our auto sector in this country is one of Canada's biggest economic and industrial success stories of the last five years," said Harper, while cautioning the "global economy remains troubled." "Therefore I'm pleased to announce today that our government will make another significant five-year investment in the automotive innovation fund." The fund, established in the 2008 f Visit The Canadian Press for full article

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Message Posted: Jan 5, 2013 11:10:58 AM

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Ottawa has renewed the $250 million investment fund that puts cash aside for car companies and their suppliers, part of a five-year plan to help keep the auto manufacturing industry thriving in Canada.

Prime Minister Stephen Harper, speaking at the Ford plant in Oakville, Ont. on Friday, said the Automotive Innovation Fund has helped Canada's auto sector become more innovative, agile and competitive.

"The rebound of our auto sector in this country is one of Canada's biggest economic and industrial success stories of the last five years," said Harper, while cautioning the "global economy remains troubled."

"Therefore I'm pleased to announce today that our government will make another significant five-year investment in the automotive innovation fund."

The fund, established in the 2008 f
Visit The Canadian Press for full article

REPLIES (newest first)Ignore Short Messages

Billrusty All-Star Author Washington Posts:857 Points:160,160 Joined:Nov 2012	Message Posted: Jan 7, 2013 11:20:06 AM Ignore Billrusty Report Abuse can someone say subsidizing, how about helping that lady who is on hunger strike outside Ottawa.
MidNJ Champion Author New Jersey Posts:7,568 Points:1,174,430 Joined:Sep 2009	Message Posted: Jan 5, 2013 8:02:11 PM Ignore MidNJ Report Abuse Nice to read an article from Canada.
dvrm9 Sophomore Author Alberta Posts:147 Points:123,145 Joined:Jun 2012	Message Posted: Jan 5, 2013 5:18:40 PM Ignore dvrm9 Report Abuse Will Harper bail out the west when we have a down turn in the energy sector? I highly doubt it.
pilotmass Champion Author Boston Posts:1,836 Points:504,560 Joined:Jul 2011	Message Posted: Jan 5, 2013 3:22:54 PM Ignore pilotmass Report Abuse Subsidize unions who refuse to give up wages. brilliant.
fedupMN Champion Author Twin Cities Posts:2,964 Points:575,405 Joined:Mar 2011	Message Posted: Jan 5, 2013 3:18:22 PM Ignore fedupMN Report Abuse An interesting concept, investment by the government....
2008JeepX Sophomore Author Newfoundland Posts:238 Points:72,550 Joined:Jan 2009	Message Posted: Jan 5, 2013 3:08:12 PM Ignore 2008JeepX Report Abuse More votes from ontario ....
Nicoalbum Champion Author Ottawa Posts:6,032 Points:1,191,125 Joined:Jan 2010	Message Posted: Jan 5, 2013 2:57:12 PM Ignore Nicoalbum Report Abuse Apparently, Harper wants to keep jobs in Ontariob and gain more seats [Edited by: Nicoalbum at 1/5/2013 2:58:54 PM EST]
Wally3023 Champion Author Pennsylvania Posts:2,046 Points:543,125 Joined:Sep 2011	Message Posted: Jan 5, 2013 2:54:40 PM Ignore Wally3023 Report Abuse Ok
csblesson Champion Author Texas Posts:1,821 Points:355,600 Joined:May 2012	Message Posted: Jan 5, 2013 2:19:24 PM Ignore csblesson Report Abuse Hmmmm, they are supporting their industry
kag2010 Champion Author Winnipeg Posts:5,269 Points:1,022,685 Joined:Apr 2010	Message Posted: Jan 5, 2013 2:18:26 PM Ignore kag2010 Report Abuse Don't know about Canada,
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Jan 5, 2013 2:16:40 PM Ignore bcline909 Report Abuse cool
NHLiveFree Champion Author New Hampshire Posts:11,113 Points:1,625,315 Joined:Jun 2008	Message Posted: Jan 5, 2013 2:01:40 PM Ignore NHLiveFree Report Abuse It is a shame The Man from Alberta does not devote his efforts to getting more affodable crude oil energy to all the eastern Provinces. The Provinces musn't be scratching his back as well as the auto industry does. Poor Alberta, huh V..V..
doggod Champion Author Anchorage Posts:2,858 Points:743,310 Joined:May 2009	Message Posted: Jan 5, 2013 1:59:22 PM Ignore doggod Report Abuse The fundamental problem with throwing taxpayer money into "investments" is that the politicians are playing with other people's money, whereas actual investors use their own money. If there is a dearth of investment money available for something, it means people looking after their own money have decided it's not a promising place to put it. So the people throwing around other people's money are putting it, by definition, into investments that have been deemed to be bad by those who have done the math and turned them down.
BigRedVTX All-Star Author Georgia Posts:882 Points:505,005 Joined:Jun 2011	Message Posted: Jan 5, 2013 12:55:53 PM Ignore BigRedVTX Report Abuse Don't know about Canada, but spending money to support a failing industry that isn't willing to change, seems like a losing proposition for the taxpayer. Not only did we give GM money (that they haven't paid back), we also sold their business for them at a loss so they could continue to be "the heartbeat of America". And the rub is, our taxes are going up again !!!
humblepie Champion Author Toledo Posts:34,315 Points:2,374,295 Joined:Mar 2006	Message Posted: Jan 5, 2013 12:36:33 PM Ignore humblepie Report Abuse i see the u s isnt the only country will give aways
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Jan 5, 2013 12:19:29 PM Ignore VomVom Report Abuse More subsidies to buy Ontario votes.
Zuegma Champion Author Nova Scotia Posts:1,003 Points:260,830 Joined:Aug 2012	Message Posted: Jan 5, 2013 12:18:57 PM Ignore Zuegma Report Abuse A pre-election vote getting exercise which did not reach the intended goals as Ontario is still showing "red ink".
skempton Champion Author Vermont Posts:1,149 Points:840,135 Joined:Apr 2010	Message Posted: Jan 5, 2013 12:18:12 PM Ignore skempton Report Abuse Are they borrowing from China?
merlinCO Champion Author Colorado Posts:1,650 Points:343,345 Joined:Mar 2012	Message Posted: Jan 5, 2013 11:41:45 AM Ignore merlinCO Report Abuse Why don't they just put that money towards public interest cause all it does is keep overpriced labor working.
Seamus4513 Champion Author Orange County Posts:2,593 Points:388,530 Joined:Mar 2012	Message Posted: Jan 5, 2013 11:17:03 AM Ignore Seamus4513 Report Abuse Canada can focus on themselves
Nicoalbum Champion Author Ottawa Posts:6,032 Points:1,191,125 Joined:Jan 2010	Message Posted: Jan 5, 2013 11:11:45 AM Ignore Nicoalbum Report Abuse Canada is helping the U.S. to survive the crisis one more time [Edited by: Nicoalbum at 1/5/2013 11:15:19 AM EST]