Evening Update: Facebook blasted by Canadian privacy watchdogs; Bombardier slashes profit, revenue outlook

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Evening Update: Facebook blasted by Canadian privacy watchdogs; Bombardier slashes profit, revenue outlook
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Also: China expands its Belt and Road initiative

China expands its Belt and Road initiative – and global influence – amid dwindling Western oppositiondefies easy description, that’s at least in part because few even in China itself seem to know exactly what it includes .

Bombardier now expects its 2019 total revenue to come in roughly US$1-billion lower than it originally expected, representing a 5.5-per-cent drop. Shares tumbled 15 per cent on the TSX to close at $2.48.Story continues below advertisementthan Ottawa has forecast, but government rebates will ensure all but the highest-income Canadians come out ahead, the Parliamentary Budget Office says in a report .

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