Canada’s Bombardier Inc cut its full-year profit and revenue forecasts on Thursday, as its key railcar-making unit wrestled with delivery delays and manufacturing challenges relating to a few large projects, sending its shares plummeting more than 18 per cent in early trading.
Shares tanked 18.5 per cent to US$2.39, and the stock was the top loser on the Toronto Stock Exchange. “This is not great news, but this is not like ‘the end of the world’ news,” William Blair analyst Nicholas Heymann said.
No bombardier trains in Western Canada The Quebec trains are unethical
Trudeau will bail them out
Bombardier, once a proud Canadian company, is now an absolute drain on the Canadian taxpayer because of the location of there head offices. What an absolute shame. I’m sure the “member from papineau” JustinTrudeau will be to the rescue.
They might need another bail out , really not surprising
Don't worry JT has lots of cash for them. Soldiers that need prosthetic legs not so much.
They continually fail. TTC was streetcars were and is a disaster, Kit Waterloo delays are a disaster. If they had been allowed to fail then a proper restructuring wud have taken place. They never got their act together bc they didn't have to.
send $$$$$$$$$$$$$$$$$$$$ millions
Well that means the liberals need to send them another bailout so the executive's don't miss out on their bonuses
I'm sure Quebec and Canada will crank up the 'corporate welfare' machine to 11 now.
Oh oh time for more subsidies 🤪
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