RE:RE:No help for Bombardier from governmentIt's unfortunate that govt people aren't that smart though. Bombardier currently pays I'm guessing $60M a month in interest and pref dividends. If the govt loaned them this money interest free (or charge them a few % and give it back via wages), it wouldnt cost them anything and wouldn't add to the debt either as it would be repaid eventually. Whereas now what they give BBD in wage subsidies (which costs them), BBD turns around and gives it to bondholders.
flamingogold wrote: Misleading post. Some will think that our government has turned it's back on BBD. This afternoon Chrystia Freeland told us how deep in the red we are thanks to many government programs to help us through this pandemic including of course assistance to BBD in the form of very expensive wage subsidies. Granted, some industries are receiving more, but the heading is misleading on it's own.
tomski1981 wrote: i skimmed over the document, but i see nothing that will help Bombardier. the only help to aerospace industry is for air carriers and airports. Don't expect the price to shoot up. Maybe explains what happened to the A-shares today.
https://www.budget.gc.ca/fes-eea/2020/report-rapport/FES-EEA-eng.pdf