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Another blow to Canadian industry?

Published 11/27/2018, 09:10 AM
© Reuters.  Another blow to Canadian industry?
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  • After mass layoffs at Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) and yesterday's closure of the General Motors (NYSE:GM) plant in Oshawa, another cloud threatens the industrial sector in the country.
  • VIA Rail is preparing to announce that the $1B contract for the renewal of its Windsor-Quebec corridor fleet will be awarded to the Germany's Siemens (OTCPK:SIEGY), instead of Bombardier, La Presse reports.
  • Under free trade agreements with Europe and the U.S., VIA, a Crown corporation, cannot demand a level of "Canadian content" for the contract.
  • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC, BBCA, FLCA
  • Now read: Danielle's Bi-Weekly Market Update


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