{"id":63805,"date":"2015-10-28T10:07:10","date_gmt":"2015-10-28T15:07:10","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=63805"},"modified":"2015-10-28T10:07:10","modified_gmt":"2015-10-28T15:07:10","slug":"bombardier-shares-get-lift-from-rumoured-aid-from-quebec-government","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/10\/28\/bombardier-shares-get-lift-from-rumoured-aid-from-quebec-government\/","title":{"rendered":"Bombardier shares get lift from rumoured aid from Quebec government"},"content":{"rendered":"<figure id=\"attachment_62556\" aria-describedby=\"caption-attachment-62556\" style=\"width: 638px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/17311_927648623963047_4778410361248082826_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-62556\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/17311_927648623963047_4778410361248082826_n.jpg\" alt=\"(Facebook photo)\" width=\"638\" height=\"638\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/17311_927648623963047_4778410361248082826_n.jpg 638w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/17311_927648623963047_4778410361248082826_n-150x150.jpg 150w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/10\/17311_927648623963047_4778410361248082826_n-300x300.jpg 300w\" sizes=\"auto, (max-width: 638px) 100vw, 638px\" \/><\/a><figcaption id=\"caption-attachment-62556\" class=\"wp-caption-text\">(Facebook photo)<\/figcaption><\/figure>\n<p>MONTREAL \u2013 Bombardier\u2019s shares got a lift Wednesday after a published report suggested the Quebec government will be making a financial contribution to the embattled transportation giant.<\/p>\n<p>The Quebec-based company\u2019s stock (BBD.B) gained more than three per cent in early trading on the Toronto Stock Exchange.<\/p>\n<p>The Montreal La Presse report says the provincial government\u2019s intervention will be announced Thursday following the release of Bombardier&#8217;s third-quarter results.<\/p>\n<p>It wasn\u2019t clear whether the province or the province\u2019s biggest pension fund manager, the Caisse de depot, would buy Bombardier shares or make some other form of financial contribution.<\/p>\n<p>Analyst Benoit Poirier of Desjardins Capital Markets said he suspects the province could either make a $1 billion to $2 billion direct participation in Bombardier Transportation or provide favourable financing to CSeries customers. He doubts it will come through equity financing given the 62 per cent drop in the company&#8217;s stock price this year.<\/p>\n<p>The company\u2019s B shares (BBD.B) were at $1.50 early Wednesday. They had cratered in August to a low of $1.03 after hitting their 52-week high of $4.43 in early December.<\/p>\n<p>The governments of Quebec, Canada and Britain have previously made sizable financial contributions to Bombardier to help develop and sell the CSeries, the 110- to 160-seat commercial jet that is set to enter into service next year following a two year delay.<\/p>\n<p>Quebec isn\u2019t the only government partner concerned about Bombardier.<\/p>\n<p>Northern Ireland\u2019s economy minister was meeting with senior company officials as part of a five-day mission to Montreal and Toronto.<\/p>\n<p>Meanwhile, Bombardier could learn later Wednesday whether the Toronto Transit Commission will sue the company over the late delivery of streetcars.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONTREAL \u2013 Bombardier\u2019s shares got a lift Wednesday after a published report suggested the Quebec government will be making a &hellip;<\/p>\n","protected":false},"author":33,"featured_media":62556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[35],"class_list":["post-63805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-original","mauthors-ross-marowits","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/63805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=63805"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/63805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/62556"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=63805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=63805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=63805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}