Bombardier Inc. T.BBD.A

Within weeks Bombardier will pay more as interest expenses:

[Teamee]

https://casaplorer.com/prime-rates

September 21, 2022 - Federal Reserve Update

Prime Rates Continue to Rise After Another 75-bps Rate Hike

The Federal Open Markets Committee (FOMC) meeting on September 21, 2022 resulted in a third consecutive rate hike of 75 basis points. At the time, June and July’s outsized hikes were the largest seen since 1994. This additional rate hike will cause prime rates to increase to 6.25% from the current prime rate of 5.50%. There has been growing pressure on the Fed to rapidly increase interest rates, especially as the US inflation rate remains close to the highest level in over 40 years.

 

[Shamhorish]

teamee, i think you are wrong, Bombardier will not pay more as interest expenses till presnt loans expire and up for renewal then it is either they pay it in full, or they pay some and renew the rest presently, i think bbd cleared the way till end of 23 or end of 2024 i do not remember and from now till then, bbd has the intention to reduce the amount of debts beside as bbd pay debts

[Teamee]

Good point, you are right but only if it gets a new loan: https://www.cnn.com/2022/09/21/economy/fed-rate-hike-september/index.html Fed goes big again with third-straight three-quarter-point rate hike   By Nicole Goodkind, CNN Business Updated 5:50 PM EDT, Wed September 21, 2022