Bombardier CEO Alain Bellemare

Conference Board of Canada: The aerospace giant is slated to start delivering the aircraft to Delta in 2018, according to The Chronicle Herald. Bombardier CEO Alain Bellemare calls it a "big win." The news comes after a series of tough times for Bombardier, which announced earlier this year it is cutting 7,000 jobs over two years. The American carrier has placed an order for 75 CS100 aircraft. The Quebec government has promised a US$1 billion bailout for the financially troubled company and the federal government is considering a similar sized financial package. ____ Two new forecasts show little good news for Canada oil and gas sector. And a new report from the Conference Board of Canada says the oil and gas industry is expected to be in the red for a second straight year. The Petroleum Services Association of Canada predicts drilling activity will be 36 per cent lower than what it anticipated just six months ago. (www.immigrantscanada.com). As reported in the news.