Bombardier Inc. tumbled to the lowest level in more than a year after it reduced 2014 profit targets for aerospace and train divisions and boosted the cost estimate for a second time for the CSeries family of jets.
Bombardier Inc. agreed to sell its Flexjet aircraft flight-share unit to a U.S. buyer who will order business jets valued at a minimum of $1.8 billion from the Montreal-based maker of planes and trains.
Air Canada surged to the highest level in almost five years in anticipation of strong September travel data, taking its gains for the year to 123 percent and making it the best performing stock in the country.
Bombardier Inc. stuck to its goal of first takeoff for the CSeries in June after the delayed jetliner performed well on flight-safety tests that included bending the wings to gauge structural integrity.
Canadian Pacific Railway Ltd. posted higher first-quarter earnings than analysts estimated as Chief Executive Officer Hunter Harrison makes progress on profitability goals set during last year’s proxy fight.