Canada's SNC Lavalin eyes ways to protect business amid political crisis

MONTREAL - SNC Lavalin Group’s chief executive said on Friday the company is looking at ways to protect its business in the event it loses a corruption trial that has created a political crisis for Canadian Prime Minister Justin Trudeau.

Trudeau has been on the defensive since Feb. 7 over allegations that top officials working for him leaned on former Justice Minister Jody Wilson-Raybould last year to ensure that the construction company avoided a corruption trial. Trudeau has denied the allegations. “We don’t want to be reacting too late or not early enough if the worst came to the worst,” he said. “We’ve got to be prudent and make sure that we position the company.”

Trudeau has often referred to the 9,000 potential job losses as a reason for helping the company, but Bruce told the CBC earlier this week that he never gave a specific number.Bruce said the political issue engulfing the Liberals has “very little to do” with the Montreal-based company whose backlog of about C$15 billion is expected to rise during the first quarter.

Block me if you think SNC-Lavalin executives are any more trustworthy than those that run our mainstream political parties, or news media.

Crooks! Typical Quebec

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$930 billion Nuveen’s head of private markets is retiring amid ‘challenges’ to the asset management businessIn a Thursday memo to employees, Jose Minaya, Nuveen's chief investment officer, said private markets head Heather Davis would retire.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Marijuana black market 'business has never been better' in Canada despite legalization, cannabis CEO warnsGreg Engel, the CEO of OrganiGram Holdings Inc., said “the lack of enforcement we’ve seen against illicit supply” has been “disappointing” to those operating in the now-legal industry. It’s a plant. That’s all. It should be considered unconstitutional for it to be illegal. . Was it taxed out of affordability? .
Source: Newsweek - 🏆 468. / 52 Read more »