Should Canadians Bail Out Bombardier, Inc.? Shareholders have lost 95% of their money in Bombardier, Inc. (TSX:BBD.B). Now taxpayers could be next. According to The Canadian Press, the federal government spent almost CDN$500,000 for a financial assessment of the Montreal-based company. Officials won’t reveal why the report was…
Downside for the British Pound The GBP to USD exchange rate has bounced back, bolstering the dollar in back-and-forth volatility reminiscent of a tennis match. After building strength last week, the British pound has started to reflect the Bank of England’s zero rate. In a report published yesterday,…
Poor Outlook for Toronto Real Estate Market The overpriced Toronto real estate market could join the Vancouver real estate market in an upcoming correction that could occur very soon as the oil rout continues to weigh on many aspects of the Canadian economy, according to Capital Economics. “Housing…
Awkward Moment for Bombardier, Inc. Bombardier, Inc. (TSE:BBD.B) is seeking to outsource hundreds of Canadian jobs, even as the struggling aerospace manufacturer seeks a billion-dollar bailout from Canada’s federal government. According to The Globe and Mail, the transport giant wants to shift component assembly for its Ontario-built “Q400”…