Bombardier rejects Boeing trade complaint

New York

CANADA'S Bombardier Inc hit back at rival US planemaker Boeing Co's claim that it sold jets well below cost to win market share in the US, the latest sign of increasing trade tensions between the two countries.

The risk of the US imposing a tariff, which would likely depress sales of Bombardier's newest jet, and concern over how big that tariff might be, unsettled investors, sending the Canadian company's shares down just over 4 per cent.