09:49:39 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 313,900,550
Close 2017-03-28 C$ 2.23
Market Cap C$ 699,998,227
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Globe says Bombardier sees McCuaig get job in Ottawa

2017-03-29 08:55 ET - In the News

The Globe and Mail reports in its Wednesday edition that Bruce McCuaig is leaving Metrolinx after more than six years as president and chief executive officer to serve as executive adviser to the federal government's $35-billion Canada Infrastructure Bank. The Globe's Bill Curry writes that Mr. McCuaig's move is the second high-profile federal appointment to the Infrastructure Bank, following the announcement last month that former Ontario Teachers' Pension Plan's Jim Leech will work as a senior adviser. The feds are planning to introduce legislation before the summer recess that would establish the bank, and the Liberal government wants the institution in place before the end of the year. Ottawa has set aside $15-billion in federal funds for the bank over the next 11 years, plus another $20-billion in capital through equity or debt. Metrolinx is responsible for the ambitious Regional Express Rail program to link GTA communities with high-frequency commuter rail. It is also managing the construction of the Eglinton Crosstown Light Rail Transit plan in Toronto and launched Pearson International's UP Express rail link. Bombardier is suing Metrolinx over the agency's cancellation of a $770-million contract.

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