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Why Trudeau’s excuse that he’s protecting SNC-Lavalin ‘jobs’ is total baloney

10 45 2021

Prime Minister Justin Trudeau continues to justify his pressuring of the former attorney general to drop charges against SNC-Lavalin on the grounds that thousands of jobs were at stake. In fact, economic analysis reveals there is no jobs-related reason to intervene on behalf of SNC-Lavalin. The number of jobs potentially at risk is minuscule or non-existent and the company itself says its business is sound. SNC-Lavalin would easily manage a ban on federal projects just as it has flourished despite being banned from World Bank projects since 2013 for corrupt practices. Politics, not economics, is the main motivation for Trudeau and his office to intervene.

It has been widely noted that SNC-Lavalin employs almost 9,000 people across Canada. This represents a miniscule 0.05 per cent of Canada’s total of 18,930,000 jobs. SNC-Lavalin’s job footprint in Canada has fallen from 20,000 in 2013 with no visible economic impact. The threat to move SNC-Lavalin’s headquarters is almost as trivial from a macroeconomic perspective; 700 head-office jobs account for 0.3 per cent of the 228,130 headquarters jobs in Canada, and only 1.6 per cent of Montreal’s total headquarters employment. The reason no one in the federal government has been........

© Financial Post