Caisse hopes Bombardier, Metrolinx will resolve settlement
MONTREAL - The Caisse de depot, which has a 30 per cent stake in Bombardier Transportation, hopes that a public spat with Ontario transportation agency Metrolinx can be resolved through negotiations instead of a drawn-out legal fight. “We’re very hopeful that that situation is resolved amicably,” CEO Michael Sabia said Friday after the pension fund manager released its 2016 results.
Earlier this month, Bombardier Transportation asked an Ontario court to impose an injunction in response to Metrolinx’s notice to terminate a $770-million contract for light rail vehicles in Toronto. The next court appearance is scheduled for March 21.