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Stock Market News

Canada government sells its Air Canada stake, Globe and Mail reports

12/12/2024

Less than a minute

2024.12.12 14:40

© Reuters. FILE PHOTO: An Air Canada plane takes off following a snow storm at Vancouver International Airport in Richmond, British Columbia, Canada December 22, 2022. REUTERS/Jennifer Gauthier/File Photo

OTTAWA (Reuters) – The Canadian government has sold its roughly 6% stake in Air Canada (TSX:) in the past few days, the Globe and Mail reported on Thursday, citing a source.

The government sold its Air Canada shares at an average selling price of about C$25 a share, the newspaper reported. Ottawa had bought Air Canada shares for about C$23.18 apiece in April 2021.

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12/12/2024

Less than a minute