Bombardier's situation is not due to the current crisis. The stock price fell to a level that would make Bombardier ineligible.
The act should be amended to protect major corporations like Bombardier. There's a whole list of companies that won't benefit from the protective mechanisms in the act. We also need to look at issues like the creation of Restaurant Brands International, which owns Tim Hortons and Burger King. Its head office is in Canada for tax reasons. They're Canadian companies, but they serve foreign interests, which is not in Canada's interest.
We need to ask questions about all kinds of things. We can conceive of a system with different steps and all levels of government responsible for a number of measures. These are complex issues that won't be resolved by waving a magic wand. This law of last resort is not nearly good enough. There's one aspect in particular we mustn't forget: once a company is eligible, the process for deciding whether or not it can be protected is essentially opaque.