BBD-B.TO Stock Today: January 16 New $100M Quebec Plant Lifts Shares

BBD-B.TO Stock Today: January 16 New $100M Quebec Plant Lifts Shares

Bombardier stock rallied after the company said it will build a new C$100 million manufacturing facility in Dorval, Quebec to expand capacity. Shares of BBD-B.TO rose 10.7% to C$275.04, setting a new multi-decade high as investors bet on production growth and strong business jet demand. The Quebec government will provide a C$35 million repayable loan. With a five-year-high backlog and an earnings update due next month, the setup for Canadian holders looks active.

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