Latest news with #TorontoStockExchange
Hamilton Spectator
11 hours ago
- Business
- Hamilton Spectator
Bombardier shares up after deal for 50 jets valued at US$1.7B
MONTREAL - Shares in Bombardier Inc. were up more than 10 per cent in early trading after announcing a firm order for 50 of its Challenger and Global aircraft combined with a services agreement. The company valued the deal with the unidentified buyer at a total of US$1.7 billion. Aircraft deliveries are expected to begin in 2027. Bombardier also says the buyer, a first-time Bombardier customer, will hold 70 new aircraft purchase options. The company says if all the purchase options are exercised, the combined aircraft and service agreements' value would top US$4 billion. Bombardier shares were up C$15.27 at C$133.91 in trading on the Toronto Stock Exchange. This report by The Canadian Press was first published July 2, 2025. Companies in this story: (TSX:BBD.B)
Winnipeg Free Press
11 hours ago
- Business
- Winnipeg Free Press
Bombardier shares up after deal for 50 jets valued at US$1.7B
MONTREAL – Shares in Bombardier Inc. were up more than 10 per cent in early trading after announcing a firm order for 50 of its Challenger and Global aircraft combined with a services agreement. The company valued the deal with the unidentified buyer at a total of US$1.7 billion. Aircraft deliveries are expected to begin in 2027. Bombardier also says the buyer, a first-time Bombardier customer, will hold 70 new aircraft purchase options. The company says if all the purchase options are exercised, the combined aircraft and service agreements' value would top US$4 billion. Bombardier shares were up C$15.27 at C$133.91 in trading on the Toronto Stock Exchange. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 2, 2025. Companies in this story: (TSX:BBD.B)
Otago Daily Times
a day ago
- Business
- Otago Daily Times
Canadian company acquires Cosgroves
A Canadian company with an international reach in sustainable engineering and environmental consulting has bought Christchurch-headquartered engineering firm Cosgroves. The Toronto Stock Exchange and New York Stock Exchange-listed Stantec paid an undisclosed sum for its latest acquisition. Cosgroves has more than 90 staff across New Zealand and works with clients, architects, project managers and other professionals in consulting engineering on private and public building projects such as the redevelopment of the Christchurch Town Hall. Stantec said the addition of Cosgroves would expand its buildings engineering capabilities in New Zealand, particularly in fire engineering, electrical, mechanical, hydraulics, buildings sustainability, and civil expertise. Cosgroves was expected to support Stantec's growth in healthcare, advanced manufacturing and data centres. The acquisition will increase Stantec's market presence in New Zealand by about 10%, to more than 900 staff. Stantec president and chief executive officer Gord Johnston said bringing Cosgroves onboard would diversify its offerings and reinforce its position among top-ranked firms in New Zealand. "Our two firms have shared values and a history of working together, and our complementary strengths will support our strategic plan in a key region we've identified as a core area for growth." The combined Cosgroves and Stantec team sees itself nicely positioned to make the most of increased public funding in healthcare in the next decade, and to increase market share in New Zealand and Australia. Cosgroves founding director Brady Cosgrove said the company had delivered reliable, sustainably focused services for nearly 30 years and was now facing an exciting opportunity for growth. Stantec said it had experienced strong business growth in New Zealand in the water, transportation, and government sectors and expanded its regional footprint with the acquisition of Cardno, Traffic Design Group (TDG), and MWH. In 2019 Stantec bought Australian buildings engineering firm Wood & Grieve Engineers. Cosgroves has provided consulting engineering services for projects such as the Rutherford Regional Science and Innovation Centre at the University of Canterbury, Invercargill Central central business district redevelopment, Manukau Health Park, Christchurch Hospital's outpatients building and the development of the Court Theatre.
Otago Daily Times
2 days ago
- Business
- Otago Daily Times
Christchurch engineering firm sold to Canadian company
A Canadian company with an international reach in sustainable engineering and environmental consulting has bought Christchurch-headquartered engineering firm Cosgroves. The Toronto Stock Exchange and New York Stock Exchange-listed Stantec paid an undisclosed sum for its latest acquisition. Cosgroves has more than 90 staff across New Zealand and works with clients, architects, project managers and other professionals in consulting engineering on private and public building projects such as the redevelopment of the Christchurch Town Hall. Stantec said the addition of Cosgroves would expand its buildings' engineering capabilities in New Zealand, particularly in fire engineering, electrical, mechanical, hydraulics, buildings' sustainability, and civil expertise. Cosgroves was expected to support Stantec's growth in healthcare, advanced manufacturing and data centres. The acquisition will increase Stantec's market presence in New Zealand by about 10%, to more than 900 staff. Stantec president and chief executive officer Gord Johnston said in a statement bringing Cosgroves on board would diversify its offerings and reinforce its position among top-ranked firms in New Zealand. ''Our two firms have shared values and a history of working together, and our complementary strengths will support our strategic plan in a key region we've identified as a core area for growth.' The combined Cosgroves and Stantec team sees itself nicely positioned to make the most of increased public funding in healthcare in the next decade, and to increase market share in New Zealand and Australia. Cosgroves founding director Brady Cosgrove said the company had delivered reliable, sustainably focused services for nearly 30 years and was now facing an exciting opportunity for growth. 'In joining Stantec, we are positioning ourselves to capitalise on increased investments through our local relationships and Stantec's international experience, while providing our staff with expanded opportunities to work on national and international projects.' Stantec said it had experienced strong business growth in New Zealand in the water, transportation, and government sectors and expanded its regional footprint with the acquisition of Cardno, Traffic Design Group (TDG), and MWH. In 2019 Stantec also bought Australian buildings engineering firm Wood & Grieve Engineers. Previously Cosgroves has provided consulting engineering services for projects such as the Rutherford Regional Science and Innovation Centre at the University of Canterbury, Invercargill Central redevelopment to breathe life back into the central business district, Manukau Health Park, Canterbury District Health Board's Outpatients Building and the development of The Court Theatre.
5 days ago
- Business
Canada's GDP shrank in April, with hefty decline in manufacturing
Canada's economy shrank by 0.1 per cent on a monthly basis in April, Statistics Canada said on Friday, with the data agency's advance estimate for May showing a similar decline in activity. The manufacturing sector alone dipped 1.9 per cent — the steepest drop since April 2021, per Statistics Canada — driving a decline among goods-producing industries. Transportation equipment manufacturing was hit hard, which the data agency attributed to uncertainty caused by the trade war in the auto industry as car manufacturers pulled back on production in response to U.S. President Donald Trump's tariff on vehicle exports. Wholesale trade also fell in April, particularly in sub-sectors related to autos and motor vehicle parts, as exports and imports of those products dropped Investment activity largely drove the country's economic growth in April, with the finance and insurance sector growing 0.7 per cent — specifically financial investment services, funds and other financial vehicles. The announcement of U.S. tariffs on April 2 heightened trade tensions and prospects of a global economic slowdown, leading to unusually high activity on Canadian equity markets in April, noted Statistics Canada. That led to a trading frenzy on the Toronto Stock Exchange in the four days that followed the announcement, which the data agency said was the main contributor to elevated activity in April. Public sector activity also rose in April, mostly because of the federal election, while the arts, entertainment and recreation sector increased 2.8 per cent that month as several Canadian NHL teams qualified for the playoffs. Jenna Benchetrit (new window) · CBC News
