The 85 might have been a good plane, but it would not have contributed significantly to Bombardier's bottom line compared to the the C-Series and 7000/8000 programs. The problems and production delays in the C-Series have been a disaster for Bombardier. This cancellation has been predicted for a long time and is the right move. Limited resources must be deployed where they will have the biggest impact. They certainly can't afford a 7000/8000 delay.
Yep, and I think the Lear series has run its course. The 40 series is a good plane, but that wing can only do so much.