Meet SNC, the Firm That Trudeau’s Risking His Career to Save
- Prime minister facing crisis over his defense of the firm
- SNC’s appeal based on jobs and Quebec’s status within Canada
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SNC-Lavalin Group Inc. has had more than its share of woes lately. The company faces charges for bribery in Libya, posted two profit warnings for troubles in Chile and Saudi Arabia, and has lost almost half its value in nine months.
Why, then, is Canadian Prime Minister Justin Trudeau risking his political career to rescue the construction firm? It comes down to three things: jobs, SNC’s political clout and the special status that many Quebec companies hold in the halls of power of Canada’s capital.