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Author Topic: Ottawa extends $250M fund for auto sector Back to Topics
Nicoalbum

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Ottawa

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

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
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Billrusty
Champion Author Washington

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Message Posted: Jan 7, 2013 11:20:06 AM

can someone say subsidizing, how about helping that lady who is on hunger strike outside Ottawa.
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MidNJ
Champion Author New Jersey

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Message Posted: Jan 5, 2013 8:02:11 PM

Nice to read an article from Canada.
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dvrm9
Veteran Author Alberta

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Message Posted: Jan 5, 2013 5:18:40 PM

Will Harper bail out the west when we have a down turn in the energy sector? I highly doubt it.
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pilotmass
Champion Author Boston

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Message Posted: Jan 5, 2013 3:22:54 PM

Subsidize unions who refuse to give up wages. brilliant.
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fedupMN
Champion Author Twin Cities

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Message Posted: Jan 5, 2013 3:18:22 PM

An interesting concept, investment by the government....
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2008JeepX
Sophomore Author Newfoundland

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Message Posted: Jan 5, 2013 3:08:12 PM

More votes from ontario ....
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 5, 2013 2:57:12 PM

Apparently, Harper wants to keep jobs in Ontariob and gain more seats

[Edited by: Nicoalbum at 1/5/2013 2:58:54 PM EST]
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Wally3023
Champion Author Pennsylvania

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Message Posted: Jan 5, 2013 2:54:40 PM

Ok
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csblesson
Champion Author Texas

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Message Posted: Jan 5, 2013 2:19:24 PM

Hmmmm, they are supporting their industry
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kag2010
Champion Author Winnipeg

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Message Posted: Jan 5, 2013 2:18:26 PM

Don't know about Canada,
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bcline909
Veteran Author Virginia

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Message Posted: Jan 5, 2013 2:16:40 PM

cool
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 5, 2013 2:01:40 PM


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..
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doggod
Champion Author Anchorage

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Message Posted: Jan 5, 2013 1:59:22 PM

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.

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BigRedVTX
Champion Author Georgia

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Message Posted: Jan 5, 2013 12:55:53 PM

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 !!!
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humblepie
Champion Author Toledo

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Message Posted: Jan 5, 2013 12:36:33 PM

i see the u s isnt the only country will give aways
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VomVom
Champion Author Calgary

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Message Posted: Jan 5, 2013 12:19:29 PM

More subsidies to buy Ontario votes.
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Zuegma
Champion Author Nova Scotia

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Message Posted: Jan 5, 2013 12:18:57 PM

A pre-election vote getting exercise which did not reach the intended goals as Ontario is still showing "red ink".
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skempton
Champion Author Vermont

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Message Posted: Jan 5, 2013 12:18:12 PM

Are they borrowing from China?
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merlinCO
Champion Author Colorado

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Message Posted: Jan 5, 2013 11:41:45 AM

Why don't they just put that money towards public interest cause all it does is keep overpriced labor working.
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Seamus4513
Champion Author Orange County

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Message Posted: Jan 5, 2013 11:17:03 AM

Canada can focus on themselves
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Nicoalbum
Champion Author Ottawa

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Message Posted: Jan 5, 2013 11:11:45 AM

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]
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