Ontario to ban use of cellphones in school classrooms starting in September
Ontario is introducing a suite of measures that will crack down on cellphone use and vaping in schools.
Bombardier retained its position as the world's biggest business jet manufacturer in 2022, increasing its sales even as worries persisted around a possible economic slump.
The Montreal-based company churned out 123 private planes last year, beating out for the second year in a row Gulfstream Aerospace Corp., which produced 120.
However, the Savannah, Ga.-based rival took in more revenue on its sales, at US$6.6 billion compared with Bombardier's US$6 billion
In 2021, Bombardier billed US$5.8 billion on 120 business jets, the vast majority of them Challengers or the ultra-long-range Globals -- it ended production of the storied Learjet last March.
Since selling off its remaining stake in the Airbus A220 jetliner program in 2020, the 81-year-old company focused exclusively on the burgeoning business jet market while it continued to pay down a sizable debt load.
Bombardier had $4.69 billion in net debt at the end of the year, more than five times its annual adjusted earnings.
CEO Eric Martel said earlier this month he expects steady growth and stronger income on the company's services in 2023.
National Bank analyst Cameron Doerksen cautioned that "sentiment around the business jet industry and Bombardier shares may be less bullish this year" as private plane use softens amid a return to commercial air travel and a potential economic slowdown.
This report by The Canadian Press was first published Feb. 23, 2023.
Ontario is introducing a suite of measures that will crack down on cellphone use and vaping in schools.
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
Anyone who has a Gen-Z person in their life is likely familiar with the popular social media app TikTok, but a new bill in the U.S. may soon take it off of the American market.
U.S. President Joe Biden is out to win votes by scoring some laughs at the expense of Donald Trump, unleashing mockery with the goal of getting under the former president's thin skin and reminding the country of his blunders.
The Canadian Food Inspection Agency has issued a recall for a specific chocolate brand sold in Ontario and Quebec.
Quebec is investing $603 million over the next five years to counter what its French-language minister describes as the decline of the French language in the province.
One person has been charged with second-degree murder in connection with the death of a man who fell from a balcony following an altercation inside a Toronto apartment building.
Ukraine's troops have been forced to make a tactical retreat from three villages in the embattled east, the country's army chief said Sunday, warning of a worsening battlefield situation as Ukrainian forces wait for much-needed arms from a huge U.S. aid package to reach combat zones.
Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
As if a 4-0 Edmonton Oilers lead in Game 1 of their playoff series with the Los Angeles Kings wasn't good enough, what was announced at Rogers Place during the next TV timeout nearly blew the roof off the downtown arena.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”