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 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. 

Specialty degrees are a fast-growing segment of graduate business education, targeting undergraduates who lack the academic prerequisites or work experience (or both) typically required for a traditional master of business administration program.

Bombardier a reçu un important vote de confiance pour sa C Series, hier, avec la décision d'Air Canada d'acquérir 45 avions CS300 de 130 places. Il s'agit de la première commande en près d'un an et demi pour cette nouvelle gamme d'avions qui représente une bonne partie de l'avenir du constructeur québécois.

With the announcement that Bombardier will be cutting 7,000 jobs over the next two years as it faces declining revenues and a net loss, the spotlight is now firmly on the federal government and whether it will heed the aerospace company's plea for more money.

But where some analysts see the Montreal-based firm, with its 64,000 global workforce, as a prudent investment in an important Canadian industry, others believe it may be time for Ottawa to turn off the government money tap.

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