Bombardier sold off the rights to the Twin Otter and Bombardier Water Bomber. These are quintessential Canadian designed and manufactured planes used and respected worldwide. Viking the current rights owner has a multi year backlog. 
The money subsidized a small fraction of the C series.
The C Series fiasco happened simply because of naive optimism of the executive managent, no checks and balances due to a dual-class share structure and finally politicians pathetic eagerness in unconditionally throwing billions of dollars of our money at Bombardier.