Invest in Canada » auto bail out http://www.invest-in-canada.com The real facts about the Canadian Economy Wed, 19 Aug 2009 17:03:53 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Majority of Canadians back auto bailout http://www.invest-in-canada.com/manufacturing/majority-of-canadians-back-auto-bailout.htm http://www.invest-in-canada.com/manufacturing/majority-of-canadians-back-auto-bailout.htm#comments Fri, 26 Dec 2008 21:32:35 +0000 investor http://www.invest-in-canada.com/?p=137 A majority of Canadians are comfortable with billions of dollars in government loans for the ailing auto industry, a new poll suggests. The Canadian Press Harris-Decima survey found that 56 per cent of respondents supported the notion of “proportional, repayable loans,” while 33 per cent were opposed.

Ontario, the heart of Canada’s auto sector, showed the most support, with 62 per cent in favour of the bailout and just 28 per cent opposed. The federal and Ontario governments announced on Dec. 21 they’ll provide $4-billion in loans to General Motors and Chrysler. Ottawa is contributing $2.7-billion and Queen’s Park will kick in $1.3- billion.

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