LONGUEUIL, Que. - Aerospace parts manufacturer Heroux-Devtek (TSX:HRX) is taking a $5.8-million charge related to Bombardier's decision to suspend work on a new Learjet model.
It's not a new low - far from it. But projections that the loonie will plunge below 80 cents US by spring will clip the wings of vacationing snowbirds, take the air out of cross-border shopping and generally cast a pall over the consumer psyche, economists say.
MONTREAL - Metro's shares hit a record high Tuesday after the Canadian grocer beat expectations in the first quarter and said it was boosting its quarterly dividend on anticipation of the trend continuing.
U.S. stocks tumbled Tuesday after disappointing results at blue-chip companies like Microsoft Corp. and Caterpillar Inc. sparked concerns about the strong dollar's drag on earnings growth.
Marriott International Inc. has signed a deal to buy the Delta hotel brand from B.C. Investment Management Corp. for $168 million.