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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (16234)	3/1/2016 9:17:36 AM
From: Goose94	Read Replies (1) of 202922

Bombardier (BBD.B-T) Via Rail Canada is looking for funding in the March 22 federal budget for a new fleet of cars costing upward of $1.3-billion that would go with a dedicated Toronto-Ottawa-Montreal passenger rail corridor. The new line could be operational in fall 2019 with the government's support. Via chief executive officer Yves Desjardins-Siciliano wants the feds to allow it to proceed with plans to have large pension funds invest in the $2-billion construction of the corridor, a move that requires a cabinet order. Any budget dollars for a new fleet of Via cars for the corridor could be a potential boon to Bombardier. Channelling federal dollars and powers to separate freight and passenger rail networks to allow for a dedicated Montreal-Ottawa-Toronto corridor was a key recommendation from a sweeping review of Canada's transportation system, was tabled last week by the Liberal government. On Monday, Desjardins-Siciliano said the rail corridor fits nicely with the Liberal government's plans to invest billions of dollars in large infrastructure projects that generate jobs, long-term economic growth and reduce greenhouse gas emissions.

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