How Ottawa’s financial aid package for Air Canada compares to the auto sector bailout
(CP) The federal government’s blockbuster financial aid plan for…
Regional airlines reject prospect of government stake in carriers
Canada is the only G7 country to hold off on pledging major financial aid for an industry devastated by the COVID-19 pandemic.
Oilpatch bailout focuses on abandoned wells cleanup, reduced emissions
Government plans to spend $1.7 billion in Alberta, Saskatchewan and British Columbia.
Quebec has no plans to offer struggling SNC-Lavalin a bailout: Minister
SNC-Lavalin faces a trial after allegedly paying $48 million in bribes to officials under Moammar Gadhafi and defrauding Libyan organizations.
Liberals write off $6.3B in loans, including $2.6B to automaker
Key to the jump was a writeoff that was part of a financing package to keep automaker Chrysler afloat during the recession.
US taxpayers lose $11.2B on $49.5B GM bailout
Report to Congress says loss is up from a previous estimate of $10.5 billion.
Retiring GM CEO says taxpayers gained on bailout even with paper loss
Dan Akerson says taxpayers would have had to pick up the company’s $26 billion pension obligation if the automaker went under.
US government sells GM stake, loses $10.5B but 1.9 million jobs saved
Federal, state governments also would have lost $39.4 billion in tax revenue and other payments
US government expects to sell remaining GM stock by year's end
The Canadian government sold a block of 30 million GM shares in September, valued at $1.1 billion.
US government needs $95.51/share to break even on $49.5B GM bailout
Watchdog report says “no question” taxpayers are going to lose money on the investment.
