07:04:19 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,796,918
Close 2015-10-30 C$ 10.05
Market Cap C$ 11,706,209,026
Recent Sedar Documents

Globe/wire say Bombardier, Barrick are kings of red ink

2015-10-30 07:25 ET - In the News

See In the News (C-BBD) Bombardier Inc

The Globe and Mail reports in its Friday, Oct. 30, edition that Bombardier's third quarter slump is among the worst reported by a Canadian company since 2007. A Bloomberg dispatch to The Globe reports that Bombardier lost $4.9-billion, the third-worst loss by a Canadian company since 2007, after writing down its CSeries jetliner, which has been plagued by delays and bleeding cash. Northland Wealth Management manager David Cockfield says: "For a major Canadian company, this is right up there. It is a big number." The Quebec government pledged Thursday to pay as much as $1.3-billion to help bail out the aerospace maker and take a 49.5-per-cent interest in the CSeries program. Bombardier trails only Barrick Gold, which posted an $8.56-billion loss in the second quarter of 2013 and a $5.35-billion plunge in the third quarter of 2009. Bombardier is the second worst performing stock in the S&P/TSX Composite Index this year with a 67-per-cent retreat. Barrick has lost 17 per cent in the same period. The declines pale in comparison with a $19.4-billion plunge at Nortel Networks in July, 2001, among the worst in corporate history at that time.

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