Industrial policy has taken a back seat so far in an election campaign dominated by news of the Duffy expenses scandal, ‘peegate’, the refugee crisis and the Conservatives’ overall handling of the economy.
So NDP Leader Tom Mulcair’s announcement Tuesday that a New Democrat government would expand support for the aerospace sector puts a key industry in the spotlight. It is likely the first of a number of industry-specific announcements from the party.
The party’s promises include a $160-million fund to help small- and medium-sized companies and the earmarking of some existing federal money to foster the aerospace supply chain’s development.
The NDP is also promising a $40-million injection into the Canadian Space Agency technology development program to help companies commercialize new technologies and reforms to military procurement aimed at benefiting Canadian firms.
Mulcair also pledged to personally lead trade delegations to trade events like the Paris Air Show to promote theRead More »from NDP pledges support for aerospace industry if elected, accusing Tories of inaction