RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canada not in great shapeToday's commentary maintains my belief the hate for Bombardier is still on. As a contrarian, all good news for me. Bombardier continues to be my best winner. When the tide shifts and the street starts recommending it, that will be one of my sell signals. Disclaimer, I have no affiliation to the company, don't speak French nor live in Quebec.
NoShoesNoShirt wrote: 80-90 of Canadian people who speak English as a first language and lots of them object to bombardier for its French only factory and unpronouncable name.
mouserman wrote: flamingogold wrote: Airbus and Boeing are heavily funded by their governements. In Canada we eat our own.
mouserman wrote: flamingogold wrote: I agree with you, but unfortunately Canadians vote for governments offerring handouts than the hard sacrifices needed for R&D to be a global competitor. Let's take Bombardier for example, I know that name stirs up a lot of hate and despise but Bombardier was working to be the third player in commerical jets behind Airbus and Boeing. That takes a lot of money but Canadians don't want to support their own. BBD made a comeback on their own accord but had to sell their commercial jet and public transportion divisions. A loss for all Canadians.
WinterBaron wrote: The "Not in Great Shape" comments are 100 % fo cused on Canada's fiscal and economic realities.
Absolutely zero to do with social and life style conditions.
Those comments and others like them can't be ignored any longer.
Our international competitiveness has declined terribly in the last 10 years or so along with worker productivity (ranked 28 or 29 out of 30+ OECD countries.)
Our public service accounts for much more of Canada's total payroll as a percent than is the case with most, if not all, of those other OECD nations.
Much as some wish differently, it is impossible to publicly spend our way to fiscal health.
Much more must be directed toward R&D, Industrial use of our own resources and less to government/ quasi government entities.
Finacial post had a very different take on the Bombardier history about 5 years ago. Wasnt pretty, but harsh reality.
https://financialpost.com/diane-francis/secretive-edc-has-helped-fuel-the-serial-subsidization-of-bombardier-the-gravy-train-must-end
Corporate welfare is alive and well, in both countries at the expense of taxpayers.