Experts say governments need to support Bombardier in order to diversify economy

 Continued government support for global firms such as Bombardier Inc. is critical if Canada wants to diversify its economy beyond natural resources, say two business experts. 

Bombardier (TSX:BBD.B) announced Wednesday it's cutting 7,000 jobs over two years, including roughly 3,000 in Canada, months after the Quebec government pledged US$1 billion of public money for the firm.

The federal Liberals say they are studying Bombardier's request for more funding, which reports say is also $1 billion. 

..."There is no one at the size of a truly global competitor with a global footprint as Bombardier," said Karl Moore, professor at the Desautels faculty of management at McGill University.

Read full article: Yahoo! News, 18 February, 2016