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Global Markets: Bombardier signs U.K. passenger train deal

By Commodity News Service Canada

CNS, June 20 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canadian plane and train manufacturer Bombardier Inc. has signed a C$1.5 billion deal to supply and maintain 750 passenger trains in the United Kingdom. The trains have been sold to FirstGroup in the U.K. and Hong Kong’s MTR Corp. and are expected to operate under the South Western franchise on lines out of London.

– A group of Tim Horton franchise owners have initiated a C$500 million lawsuit against parent company RBI. The Great White North Franchisee Association alleges Restaurant Brands has mismanaged the company since it took over in 2014.

– Capital Group Inc. said today it plans to sell commercial mortgage assets valued at C$1.2 billion. The Canadian-based home lender said proceeds from the sale to KingSett Capital would help reduce outstanding debt and improve liquidity.

– As the United States probe into possible Russian interference in the last U.S. presidential election continues, investigators are looking into former national security adviser Michael Flynn’s former business partner Bijan Kian. Investigators are also looking at whether payments from former clients to Flynn and his company were lawful.

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