Two senior federal government sources have confirmed to CTV News that the federal government has sold its stake in Air Canada.
Vassy Kapelos and Lynn Chaya, CTV NewsChris Murray, managing Director of Institutional Research at ATB Capital Markets, talks about Air Canada beating its Q3 results.
As of Thursday afternoon, Air Canada shares closed at $25.28 on the Toronto Stock Exchange, up 23 cents. Last week, Transport Minister Anita Anand told CTV News she was “examining the particular legal relationship” with Air Canada in an effort to figure out how to dissuade the airline from bringing in additional carry-on fees.Ian Lee, associate professor at Carleton University’s Sprott School of Business, says the government should have never bought shares in Air Canada in the first place.
“The government of Canada provided billions of dollars to many thousands of corporations in Canada and did not take ownership positions in all those other companies.”
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