TSX flat as Bombardier hit by CSeries delay

TORONTO — The Toronto stock market was flat amid mixed commodities and a warning from transport giant Bombardier that its flagship new airliner will be going into service later than expected.The S&P/TSX composite index inched up 0.71 of a point to 13,773.29.Bombardier shares were down about 2.5% to $4.41 after the company announced the delay concerning its new CSeries aircraft. It said that the CS100 won’t be going into service until the second half of 2015 while the CS300 will go into service about six months later. The initial CSeries planes were expected to be ready for service late this year or early in 2015.The Canadian dollar rose 0.27 of a cent to 91.64 cents US.U.S. indexes were also lower following strong gains Wednesday amid earnings reports from the banking sector and data showing a continuing decline in jobless insurance claims and tame inflation. The Dow Jones industrials points to 16, the Nasdaq slipped 3.52 points to 4,211.36 while the S&P 500 index was down 3.32 points to 1,845.06.On the commodity markets, February crude on the New York Mercantile Exchange declined 19 cents to US$93.98 a barrel.

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