Scheduled to open before the end of 2027, the 126,000-square-foot manufacturing centre will be located near Bombardier’s existing facility, where it produces its Challenger business jet. Investissement Québec, the investment arm of the Quebec government, is investing $35 million in the project in the form of a repayable loan. (The Logic)

Talking point: Founded in 1942, Bombardier turned itself around after years of gloomy financial returns thanks in large part to its focus on the booming private jet market. In September, Canada recorded its first international trade surplus in seven months thanks in large part to a jump in the export of private jets. The company has also benefitted from the federal government’s removal of a luxury tax on aircraft and boats. Last month, Canada’s new Defence Investment Agency announced a $753-million deal to buy six of Bombardier’s Global 6500 jets to replace the Royal Canadian Air Force’s aging fleet of Challengers, which it uses to transport VIPs. The company’s stock was up nearly six per cent by early afternoon.