Companies

SNC-Lavalin Scandal Highlights Problem of Big Companies’ Weight in Canadian Economy

SNC-Lavalin Scandal Highlights Problem of Big Companies’ Weight in Canadian Economy
SNC-Lavalin headquarters in Montreal. Paul Chiasson/The Canadian Press
Rahul Vaidyanath
|Updated:

NEWS ANALYSIS

The Liberal government is in hot water because of its alleged actions regarding SNC-Lavalin, a company deemed to be of national significance but saddled with a history of questionable conduct. The government’s efforts to assist the Montreal-based global engineering and construction firm shows how far it can go for such companies.

SNC-Lavalin employs around 50,000 people and earned $9.1 billion in revenue in 2017. In Quebec, the company is viewed by many as a crown jewel. It is but one example of a large Canadian company in which the government effectively has a vested interested in helping avoid ruin.

Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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