BBlogFlow

Trump backs down on threat to block Canadian jet maker Bombardier from U.S. market

·just now
Source: BNN Bloomberg
Read the original article

This story deserves to be shared

Send it to someone who'd care, or post it on your networks.

Facebook Twitter Email
Photo credit : U.S. President Donald Trump and jet planes are assembled at Bombardier's aircraft assembly centre in Mississauga in a combination photo. (AP Photo/Jacquelyn Martin/THE CANADIAN PRESS/Sammy Kogan)

Trade Minister LeBlanc reacts to Trump’s comments on Bombardier and the importance of protecting the aerospace sector. OTTAWA – U. S. President Donald Trump appears to be backing away from his threat to shut Canadian aerospace giant Bombardier out of the U. S. market, after learning about the company’s significant operations in Kansas. In September, Trump threatened to block sales of Bombardier jets in the United States amid a growing trade dispute with Canada. “NO MORE SELLING BOMBARDIER IN THE UNITED STATES! Their products aren’t good enough!” Trump wrote on Truth Social on Sept. 7. “If they want our Market, they must build here, and stop treating America like a ‘piggybank.’”Trump Truth Social Bombardier U. S. President Donald Trump shares a post on Truth Social regarding Bombardier. (Truth Social) But while visiting Kansas on Monday, Trump struck a dramatically different tone after learning about Bombardier’s operations in Wichita, where the company employs about 1,500 people. “We’re going to take care of Bombardier,” Trump told 12 News in Kansas. He repeated the sentiment on stage at a rally later in the day.

This article is an excerpt. To read the full content, visit the original source. BNN Bloomberg

Reactions

0 comments

No comments yet. Be the first to share your thoughts!

Facebook Twitter

Related articles

Major cruise line to introduce dynamic pricing

Published: October 20, 2026 at 6:43p.m. EDTThe price is about to rise for some travellers who want to vacation on the high seas. Carnival Cruise Lines, one of the world’s largest cruise companies, will introduce dynamic pricing for certain onboard packages starting on Dec. 1. The cruise line announced the introduction of dynamic pricing in a news release about its new packaging framework, called FunPacks. The company called the new structure its “largest offering of packages tailored to different vacation styles.”However, the prices for certain onboard packages are up in the air. The statement read. “Carnival will also introduce dynamic pricing for beverage packages and Wi-Fi plans,” the company said. “Pricing will vary based on sailing length, itinerary and season.”Carnival said the new dynamic pricing model will apply to Wi-Fi and beverage plans in bundled FunPacks and those purchased on their own. Carnival Cruise Line's Carnival Horizon cruise ship is shown docked at PortMiami, April 9, 2021, in Miami. (AP Photo/Wilfredo Lee, file) Carnival Cruise Line's Carnival Horizon cruise ship is shown docked at PortMiami, April 9, 2021, in Miami. What is dynamic pricing?

BNN Bloomberg·

SpaceX turns a profit after a string of losses as its satellite and computer leasing businesses soar

Published: October 20, 2026 at 6:39p.m. EDTA SpaceX Falcon 9 rocket carrying a Dragon spacecraft lifts off from Cape Canaveral, Fla, on its way to the International Space Station on Tuesday. NEW YORK — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed. The company, run by Elon Musk, posted net income in the three months through September of US$4.4 billion, or 35 cents per share. That’s more than double what Wall Street expected, and reverses a loss from the year-earlier period. Revenue soared to US$14.6 billion, up 161 per cent. “They beat across all metrics and the Starlink business looks to be accelerating,” said Dan Ives, an analyst at Yorkville Ives, adding about investors. “This is just what the Street wanted.”The newly public company’s results marked a sharp break from more than a year of losses. The stock rose 4.6 per cent in after-hours trading.

BNN Bloomberg·

Albertans divided on immigration questions after rejecting separation. Live updates.

Trade WarUpdated: October 20, 2026 at 6:13p.m. EDTPublished: October 19, 2026 at 7:00a.m. EDTAlbertans rejected holding a second referendum to separate as voters overwhelmingly chose to stay in Canada, CTV News projects. In a historic vote that saw the oil-rich province put the question of separation to the public, roughly 75 per cent of voters thought Alberta should stay in Canada, while just under 25 per cent voted to pursue a binding referendum on leaving, according to preliminary results just after 8 a.m. MT. LIVE: Real-time data. Interactive maps. Every question. Every result. The remaining nine questions, focused largely on immigration and constitutional changes, are also being counted right now and some have close races. The emphatic result to remain culminates a year-long campaign from pro-Canada and separatist groups. The Alberta government, on the other hand, campaigned for yes votes on the first nine questions, and Premier Danielle Smith also advocated for the province to remain in Canada. She will address Albertans at 6:45 p.m. MT on Tuesday. Elections Alberta was expected to announce results for Question 10 by 4 a.m. MT, but not all polls are reporting results yet.

BNN Bloomberg·

Netflix issues weak fourth quarter forecast as company seeks to kickstart growth

Published: October 20, 2026 at 4:38p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Netflix issued a weaker than expected forecast for fourth quarter profit on Tuesday, days after the streaming pioneer laid off six per cent of its workforce and replaced two of its top programming executives. Shares of Netflix fell nearly seven per cent to US$63.99 in after-hours trading. The stock had fallen more than more than 40 per cent in a year before the earnings report. Third-quarter revenue rose 11.8 per cent to US$12.87 billion, in line with Wall Street forecasts, but the lowest rate of increase in nearly three years. The company forecast fourth-quarter net income of US$2.79 billion and EPS of 67 cents, below the average analyst forecast of US$3.07 billion and 73 cents. Latest updates on company news hereNetflix reduced its advertising forecast for 2026 to roughly US$2.7 billion, down from about US$3 billion. Some ad product capabilities rolled out slightly slower than expected, executives said in their quarterly letter to shareholders.

BNN Bloomberg·

Finance minister announces date for new federal budget to be tabled

Finance Minister Francois-Philippe Champagne announced during question period in the House of Commons that the federal budget will be unveiled on Nov. 5. OTTAWA - Finance Minister François-Philippe Champagne will table the federal budget on Nov. 5, he announced in the House of Commons on Tuesday. “This plan will unlock investment, create high-paying jobs across our nation, and strengthen our economy and our country for generations to come,” Champagne declared as he unveiled the date. The fall budget, which provides Canadians with the federal government’s economic blueprint, will be the second under Prime Minister Mark Carney. Last month, Carney said his government is on track to balance its operating budget by 2027-28, one year earlier than he first promised. Finance and National Revenue Minister Francois-Philippe Champagne looks on as Prime Minister Mark Carney responds to a question during an announcement on Parliament Hill in Ottawa, Tuesday, April 14, 2026.

BNN Bloomberg·

The federal budget is coming. Here’s when it will be tabled

Finance Minister Francois-Philippe Champagne announced during question period in the House of Commons that the federal budget will be unveiled on Nov. 5. OTTAWA - Finance Minister François-Philippe Champagne will table the federal budget on Nov. 5, he announced in the House of Commons on Tuesday. “This plan will unlock investment, create high-paying jobs across our nation, and strengthen our economy and our country for generations to come,” Champagne declared as he unveiled the date. The fall budget, which provides Canadians with the federal government’s economic blueprint, will be the second under Prime Minister Mark Carney. Last month, Carney said his government is on track to balance its operating budget by 2027-28, one year earlier than he first promised. Finance and National Revenue Minister Francois-Philippe Champagne looks on as Prime Minister Mark Carney responds to a question during an announcement on Parliament Hill in Ottawa, Tuesday, April 14, 2026.

BNN Bloomberg·