Legault keeping a close eye on Bombardier's business woes

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Claiming to be monitoring the situation at Bombardier 'very closely,' Premier François Legault did not want to say on Tuesday whether the Quebec government once again intended to rescue the company in financial difficulty.

SHARELast week Bombardier warned investors that it was struggling with a hefty debt load of more than US$9 billion. That led to a steep drop in its share price, with the cost of shares dropping more than one-third.

"I've been following Bombardier very closely and unfortunately it's a company that's having difficulty. I can't say anything else," said Legault.

 

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Sounds like another federal bail out is coming as whatever Quebec wants the JustinTrudeau government gives

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