MIRABEL, Quebec (Reuters) – Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) carried out final preparations for the maiden flight of its CSeries on Monday, hoping to translate its ambitions to shatter an Airbus and Boeing duopoly into faster sales of Canada’s most ambitious jet.
Appearing in blue and white livery under broken skies, the jet was due to fly from Bombardier’s Mirabel factory in Quebec at 9.30 am, capping a 5-year $3.4 billion development of the first all-new plane in its class in decades.
TORONTO (Reuters) – Premium yogawear retailer Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz), still recovering from an embarrassing recall of excessively see-through yoga pants, trimmed its outlook for full-year sales and profits on Thursday, sending its shares lower.
Lululemon said it expected mid single-digit comparable-store sales growth during the third quarter. That is down from the company’s heyday, when sales rose 10 percent and more from one quarter to another.
TORONTO, Sept 11 (Reuters) – The Canadian dollar was
stronger against its U.S. counterpart on Wednesday, breaking
through the 100-day moving average after a string of solid daily
gains prompted by last week’s stronger-than-expected domestic
Divergent North American job reports last Friday were a key
impetus for the Canadian dollar’s rise. The reports showed
Canada added almost three times as many jobs as expected, while
U.S. employers hired fewer workers than expected.
TORONTO, Sept 10 (Reuters) – Canadian housing starts fell
more than expected in August to hit their lowest since April,
hurt primarily by slower condo construction, according to data
released on Tuesday that tempered property bubble fears.
The seasonally adjusted annualized rate of housing starts
was 180,291 units in August, the Canada Mortgage and Housing
TORONTO, Sept 9 (Reuters) – Rainy, cloudy weather is
forecast for Bombardier Inc’s flight test site in
Quebec for much of this week, adding to suspense over the
unspecified date for the maiden flight of the Canadian
company’s all-new CSeries jetliner.
The 100- to 149-seat CSeries is the first completely new
narrow-body aircraft in its class in decades, and is
Bombardier’s attempt to break into a market dominated by Airbus
and Boeing Co.
TORONTO, Sept 4 (Reuters) – Canadian auto sales recorded
their best August ever, industry data released on Wednesday
showed, with Ford Motor Co outselling Chrysler Group
and General Motors Co, and Japan’s largest
automakers making double-digit gains.
Automakers sold 149,301 vehicles in Canada last month, a 6.5
percent rise compared with a year ago, according to DesRosiers
TORONTO (Reuters) – Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) signed a preliminary deal on Wednesday to sell 100 short-haul Q400 NextGen aircraft in Russia and set up a joint-venture assembly line for the planes in that country.
Bombardier, a Montreal-based plane and train maker, said it signed a letter of intent to sell 50 Q400 NextGen turboprop aircraft to the Russian state-owned industrial and defense conglomerate Rostec.
TORONTO (Reuters) – Loblaw Co Ltd (L.TO: Quote, Profile, Research, Stock Buzz), which last month announced a C$12.4 billion ($11.9 billion) deal to buy Shoppers Drug Mart Corp (SC.TO: Quote, Profile, Research, Stock Buzz), will submit its application to the competition bureau after investors vote on the deal next month, Shoppers’ chief executive said on Wednesday.
Shareholders of pharmacy chain Shoppers are expected to approve the acquisition, Canada’s biggest deal so far this year, when they vote at a special meeting on September 12, CEO Domenic Pilla told Reuters.
TORONTO, Aug 23 (Reuters) – The rail company whose oil
tanker train blew up in a Quebec town last month, killing 47
people, will be allowed to continue operating through Oct. 1
after providing insurance documentation demanded by Canadian
The Canadian Transportation Agency (CTA) said on Friday it
would let Montreal, Maine and Atlantic Railway (MMA) and its
Canadian subsidiary keep trains moving for now. Earlier this
month it had ordered MMA to cease operations, saying the railway
lacked adequate insurance.
TORONTO (Reuters) – A Toronto policeman charged with second degree murder in the shooting death of an 18-year-old who brandished a knife on a streetcar was released on C$510,000 ($491,000) bail on Tuesday.
Outlining a rare murder charge against an on-duty police officer, the Toronto police force’s Special Investigations Unit said on Monday it had grounds to believe that Constable James Forcillo broke the law in the death of Sammy Yatim.