Bom­bardier shares close below $1

The Guardian (Charlottetown) - - BUSINESS -

MON­TREAL - Bom­bardier shares closed below $1 for the first time in 25 years on Wed­nes­day as the plane and train maker strug­gles to re­gain its foot­ing. The Mon­treal-based com­pany’s shares lost two cents or al­most two per cent to reach 99 cents. That’s the low­est level since 1991, ad­just­ing for stock splits. Over the past year, its shares have dropped from $3.05 as the com­pany has strug­gled to de­liver its over bud­get and de­layed CSeries com­mer­cial jet­liner, win new or­ders and main­tain a healthy fi­nan­cial foot­ing. An­a­lyst David Ty­er­man of Canac­cord Ge­nu­ity said the de­crease isn’t likely tied to one event.

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