The Quebec government is coming to the rescue of Cirque du Soleil, pledging to loan up to $200 million US to support the live entertainment giant whose operations remain paralyzed due to the COVID-19 pandemic.
Can you imagine the US gov't doing this for an American company? Not that different from the US bailing out big3 automakers?
Also surprised that "the Caisse de dépôt et placement, Quebec's pension fund" is one of the three shareholders of CDS, along with "Texas-based TPG Capital" and "Chinese firm Fosun." In the sixties/seventies, many Las Vegas resorts were built financed with the Teamster's Pension Fund. Watch Casino to see how that turned out.
Edit: It might be noted that CDS was something like $900 million in debt before the pandemic struck.
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