Bombardier and USbased aerospace supplier Triumph settle ongoing legal dispute

MONTREAL — Bombardier and Triumph have reached a settlement about five months after the U.S. aerospace supplier filed a $455-million lawsuit against the Quebec-based aircraft manufacturer.Details of the settlement announced Wednesday were not disclosed.Triumph had alleged in a suit filed in Quebec Superior Court that Bombardier failed to pay for expenses related to changes in the design of wings for the Global 7000 business jet.Bombardier says Triumph ’s US$340M lawsuit without merit, plans own proceedings over Global 7000 delaysQuébec needs to take care of Bombardier , Quebec Premier Philippe Couillard saysBombardier (TSX:BBD.B) had rejected the allegations, saying they are without merit. It said the changes were made collectively by both sides and were within the scope of its contract with Triumph.Triumph says it still supports the Global 700 program.The Global 7000 had its maiden flight last November and is scheduled to enter into service next year.Bombardier spokesman Mark Masluch says the legal dispute won’t cause delays in the aircraft’s deliveries and hasn’t damaged its commercial relationship with Triumph.The Canadian Press read more

Statistics Canada says manufacturing sales gain 11 per cent in May

by The Canadian Press Posted Jul 19, 2017 6:51 am MDT Last Updated Jul 19, 2017 at 9:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email OTTAWA – Canadian manufacturing sales came in better than expected for May, climbing 1.1 per cent to $54.6 billion.Statistics Canada says it was the third consecutive month to see an increase as gains were led by the transportation equipment and chemical manufacturing industries.Economists had expected a gain of 0.8 per cent for the month, according to Thomson Reuters.However, the better-than-expected increase for May came as Statistics Canada revised its figure for April to show an increase of 0.4 per cent compared with its initial reading of 1.1 per cent.Sales in May were up in 16 of 21 industries, representing 71 per cent of the manufacturing sector.The transportation equipment industry saw sales rise 4.2 per cent to $11.5 billion boosted by the motor vehicle and the motor vehicle parts industries. Chemical manufacturing sales climbed 2.4 per cent to $4.4 billion.In constant dollars, overall sales were up 1.1 per cent, indicating that higher volumes of manufactured goods were sold in May. Statistics Canada says manufacturing sales gain 1.1 per cent in May read more