The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
Ontario had to write-off $1 billion of taxpayer money from the General Motors/Chrysler bailout.
Ontario and Michigan may fund corporate welfare on both sides of the border.
Question: If someone made $62,000 last year, had $187,000 in their bank account, and yet sought a $5,360 subsidy from government, what would the common sense response be?
Ever wonder how Canada's net federal debt reached $671 billion by 2013? Or how net provincial debt among the provinces ended up at $509 billion that same year? Wonder no more. It's partially due to massive subsidies to corporations, government businesses and even consumers that over three decades amounted to $684 billion.
Les gouvernements canadiens versent des milliards de dollars en subventions, notamment aux entreprises
No normal person pays close attention to who is "in" or "out" as finance minister, and that's a good thing. It means the politician in question has avoided messing up the lives of ordinary Canadians. Still, their actions can and do matter, for better or worse.
Albertas provincial government has provided plenty of political theatre as of late, with, as I write, three resignations from the government, including that of Alison Redford as premier. However, the Redford resignation may not be the end of her influence on Albertas future, and in particular, upon the Alberta Heritage Savings and Trust Fund.
Back in late 2011 after the Occupy Wall Street protests, Fiat-Chrysler CEO Sergio Marchionne gave a speech in Toronto to decry what he called "the most inane displays of greed." The reference was to behaviour he had observed while serving on various company boards over the years.