Bombardier shares fell 22 cents to a low of $1.43 in late-afternoon trading on the Toronto Stock Exchange.

Under the agreement, Bombardier's transportation unit will be sold to Alstom for US $8.2 billion.

Bombardier Inc. is set to report earnings today as rumours continue to swirl around the potential sale of one of its two main divisions.

Seven months after the original signalling contractor for the Metro Line LRT was fired, the city says a brand new system will be installed on the line.

Environment Minister Benoit Charette echoed the statement, telling reporters there will be a local content requirement for the second phase of the REM transit network.

The Caisse de dépôt admits the performance of the "Metropolis" automated train in winter conditions is still unknown. 

The STM will acquire 153 new AZUR Metro cars as part of an updated deal with Bombardier-Alstom.

The premier says the province would first sign a deal with the City of Montreal for the cars before tabling a bill to secure the agreement.

Construction on the $6.3-billion REM light-rail train is expected to commence by the end of April.

European railway manufacturers Siemens and Alstom announce merger, leaving Montreal-based Bombardier Transportation out in the cold.