Markets

TSX Closes Up 130 Pts; Helped By Bombardier

Toronto stocks added to yesterday's gains amid reports that co-ordinated central bank action raised optimism about resolving the euro zone debt crisis and its threat to the global recovery.

Bombardier Inc (BBD-B.TO) recouped 15 cents to close at $4.35 today after slumping to a 15-month low yesterday on news that Delta wasn't going to push through with a hoped for C-Series order.

On the back of this, RBC Capital Markets analyst Walter Spracklin was cited as saying in a Reuters report that an uncertain global economy and a deep sense of caution among aircraft buyers may result in Bombardier missing sales targets for its new C-Series regional jet.

Bombardier, the world's third biggest commercial airplane maker, may not meet its target of selling 300 of the narrow-body, 110- to 135-seat aircraft by the time they enter service late in 2013, he reportedly said.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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