By Commodity News Service Canada
WINNIPEG, Mar. 6, 2018 – Bombardier has signed a deal with a syndicate of underwriters that will generate C$638 million for the company. Bombardier is in the midst of a restructuring plan and recently got into a trade squabble with rival plane-maker Boeing. Under the terms of the agreement, the underwriters will buy 168 million shares of the company at a price of C$3.80 per share.
Stock markets in Asia rose sharply higher Tuesday morning after North Korea signalled it was open to the possibility of halting nuclear tests and eventually giving up its nuclear weapons. Tokyo’s Nikkei 225 index jumped 1.9 per cent while the Shanghai Composite Index added 0.4 per cent to 3,269.80.
Re-sale homes in the Toronto area saw a yearly decline of C$110,000 in the month of February. That works out to an annual drop of 12.4 per cent in the average selling price of a detached house, townhouse or condo. The number of sales also dropped by 34.9 per cent in that same month.