The Solidarity Fund QFL committed some C$72m to back Québec’s company Bombardier.
The Fund joins other financial institutions to provide the company with capital to continue developing job-creating projects.
The Solidarity Fund QFL is a development capital company that through its Registered Retirement Savings Plans (RRSP) channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and to further Québec’s economic growth.
Commenting on the operation, the Fund’s chief executive officer Yvon Bolduc was reporting as saying: “With this financing offer, we’re backing Bombardier’s management as well as its thousands of employees and many suppliers who not only make up one of Québec’s most dynamic industrial clusters but also provide an excellent example of value-added manufacturing, an industry that the Fund has been supporting for years”.
FinSMEs
07/09/2009