Posted AT 10:33 AM EST on 29/02/08
Prentice rejects auto subsidies
TORONTO — Federal Industry Minister Jim Prentice rejected the concept of direct subsidies to auto industry players Friday, insisting that setting up a strong economic foundation is a better route to strengthen the business.
In a morning speech to the Toronto Board of Trade, Mr. Prentice said the broad provisions in this week's budget will help auto and auto part makers, as well as all other industries.
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