By DON PEAT, JONATHAN JENKINS AND JENNY YUEN
A $4-billion bailout is an investment in the Canadian economy, not a Christmas gift from Premier Dalton McGuinty and Prime Minister Stephen Harper, the Canadian Auto Workers national president says.
Ken Lewenza told reporters yesterday the two governments did the responsible thing by agreeing to an auto aid package.
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Daily Archives: December 21, 2008
Ontario mayors hail auto bailout
Canada offers $4 billion in loans to automakers
By DON PEAT, SUN MEDIA
Ontario mayors welcomed yesterday’s auto announcement but hoped the much-needed aid doesn’t idle too long so it’s stalled out by the new year.
“This has finally happened,” Oshawa Mayor John Gray told the Sun yesterday just after the announcement. “I wished it happened a while ago because it would have lifted a lot of the uncertainty. They have done the right thing and they are trying to preserve our share of automotive production in North America.”
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