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  • Business
    The Canadian Press

    Bombardier boosts order backlog even as global demand for business jets softens

    MONTREAL — Under the wing of a new logo, Bombardier Inc. said it lengthened its order book last quarter even as global demand for business jets idles. The company grew its first-quarter backlog by five per cent year-over-year to US$14.9 billion. Its book-to-bill — the ratio of orders received to deliveries billed, a key indicator of near-term demand for a company's products — jumped to 1.6. The upbeat figures stood in contrast with a year-over-year revenue drop of 12 per cent to US$1.28 billion

  • News
    The Canadian Press

    Macron outlines his vision for Europe to become an assertive global power as war in Ukraine rages on

    PARIS (AP) — French President Emmanuel Macron warned Thursday that Europe could “die” if it fails to build its own robust defense as Russia’s war in Ukraine rages on, or if it fails to undertake major trade and economic reforms to compete with China and the U.S. Macron urged Europeans to become more ambitious in a fast-changing world to face the challenges of war, fierce trade competition, energy scarcity, climate change and increasing authoritarianism. In a nearly two-hour speech at Sorbonne Un

  • Business
    Yahoo Finance Video

    GDP print will have minimal impact on markets: Strategist

    Markets (^DJI, ^IXIC, ^GSPC) are moving lower on Thursday, reacting to a weaker-than-expected GDP print for the first quarter. Deutsche Bank Chief US Equity and Global Strategist Binky Chadha joins The Morning Brief to discuss his market and inflation outlooks as stocks come under pressure this session. Chadha argues that "there's very little to take away" from the GDP print, suggesting that it should be analyzed "in components." He highlights that the largest component, the Personal Consumption Expenditures (PCE) Index, grew in line with its ten-year trend, indicating that GDP has "few implications for markets going forward." Chadha notes that the disappointing print stemmed from "the two largest, noisiest components of GDP": inventories and trade bonds, which, upon closer inspection, "look absolutely fine." Addressing inflation concerns, Chadha states: "Yes, of course, it matters for inflation, but the growth we've had has not mattered for inflation." He adds, "If you measure inflation relative to growth... we've been steady for about two years." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

  • Business
    Yahoo Finance Video

    GDP is not the number to worry about, PCE is: Strategist

    US GDP showed 1.6% growth for the first quarter, the lowest growth in 2 years. In response, US equities (^GSPC, ^DJI, ^IXIC) fell on the news, is this the number to truly be worried about? eToro Global Markets Strategist Ben Laidler joins Wealth! to give insight into what the GDP print means for investors' portfolios. Laidler remarks: "This GDP number is not great but it's not as bad as it looks. The bits we care about, business investment and the consumer are absolutely fine. This weakness was all about the things that we don't really care about and will probably bounce back next quarter, which is trade and which is inventories.Yes, I am a little bit spooked by the inflation number, but just hold that for 24 hours because tomorrow we're going to get the monthly PCE number, which will give us a lot more information as to how much we should really worry about this today. " For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino