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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.
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WestJet Airlines Ltd. fell the most in almost four years amid concern that additional flights will crimp profit as competition with larger rival Air Canada escalates.
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Air Canada predicted further pressure on fares this year after its first-quarter yield dropped as competitors added seating and offered lower prices on some routes in North and South America.
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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.
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Air Canada is forecast to rally beyond a 73 percent first-quarter advance as the company remains the third-cheapest airline stock in the Americas.
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Air Canada is considering purchases of mid-sized jets amid growing confidence the country’s biggest carrier will be profitable next year after an anticipated fifth straight loss.
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Air Canada gained the most in a week after the carrier reached an agreement with the federal government to extend a cap on pension funding by seven years.
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Canadian Pacific Railway Ltd. may face pressure to sell the company after William Ackman’s Pershing Square Capital Management LP bought a 12.2 percent stake and said it expects to hold talks with management.
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Bombardier Inc. will forgo displaying its CSeries at the Paris Air Show in June in order to finish testing before the jetliner’s first flight the same month, Chief Executive Officer Pierre Beaudoin said.
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TransForce Inc., whose stock is the top performer among Canadian industrial companies this year, is looking to the U.S. for the next round of revenue gains.
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