Yesterday was a bad day for Canada's New Government:
Ottawa is investing $900 million in Canada's aerospace sector over the next five years, Industry Minister Maxime Bernier announced Monday.
"Canada's new government has launched a new initiative for the defence and aerospace industry. It involves research and development and is intended to promote excellence and innovation in Canadian aerospace and defence industries," Bernier said in French.
"Through this initiative, contributions will be made to fund research and development strategic projects undertaken by major players in those industries in Canada," he added.
The Strategic Aerospace and Defence Initiative will be administered by Industry Canada's Industrial Technologies Office (ITO).
The initiative is expected to invest nearly $900 million over the next five years, with funding to reach a maximum of $225 million per year, in support of Canada's aerospace, defence, security and space industries.
This is not something a Conservative government ought to be doing, regardless of the potential electoral benefits. Because it's just wrong.
UPDATE: The disappointment file is growing.
