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.
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.
Getting a workplace mentor can help you achieve your performance objectives. They will support you in planning, completing and recording the ACCA Practical Experience Requirement (PER) necessary to become an ACCA member. But you may also find yourself being asked to mentor your more experienced and more qualified colleagues.
Karl Moore of the Desautels Faculty of Management at McGill University with Talking Management for The Globe and Mail, talks with Maurice Schweitzer, a professor at the Wharton Business School.
Watch full video: The Globe and Mail, 10 February, 2016
Karl Moore is a professor of strategy and organization at the Desautels Faculty of Management at McGill University. In this exclusive interview he speaks with Susan Cain, a self-described introvert, who wants to create a world that empowers other introverts and recognizes their strengths.
Pierre Karl Péladeau is calling on the Caisse de Depot to intervene in Lowe's takeover of Rona, but Karl Moore, Professor of Business Strategy, McGill University says he likely won't be able to scuttle the deal, as the Caisse has a duty to maximize value for Quebec pensioners.
Watch full video: Business News Network, 3 February, 2016
Professor Karl Moore of the Desautels Faculty of Management at McGill University with Talking Management for The Globe and Mail talks with Cornell’s Chris Marquis.
Read full transcript: The Globe and Mail, 3 February, 2016
Second time will likely be a charm for Lowe’sCos. in its attempt to acquire Quebec’s Rona Inc.
The fact both boards agreed to the C$3.2 billion ($2.3 billion) offer, along with Lowe’s commitment to preserve head-office jobs and maintain supply agreements, will likely seal the deal. Political conditions in Canada’s second-most populous province also favor the acquisition after helping to scupper a hostile offer in 2012.
I have been blessed. Don't think that I don't recognize it. I do. I'm still insanely driven and hyper-entrepreneurial, so I'm not always satisfied, but I am grateful. I get to spend a lot of time with people that many business leaders would spend fortunes to connect with. Over the years, I've done my best to give back as well. Nothing is more fulfilling than speaking to students who are interested in business, innovation, technology and marketing. I happen to live in the same city as McGill University.
Someone with a healthy streak for mischief must have come up with the idea to rename the airport on Toronto Island after Billy Bishop.
The 2009 decision to link the legendary First World War flying ace to the airport was meant to be a feel-good story: Bishop once ran a flight service for wealthy Torontonians from the island to Ontario cottage country, and the new name was a popular choice.