Advertisement
Canada markets closed

  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CAD/USD

    0.7275
    +0.0012 (+0.16%)
     

  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     

  • Bitcoin CAD

    88,534.90
    +1,462.80 (+1.68%)
     

  • CMC Crypto 200

    1,387.00
    +74.37 (+5.67%)
     

  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     

  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     

  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

EU resumes Air Canada/Transat merger review, sets December 11 deadline

Reuters
·1 min read
FILE PHOTO: Air Canada signage is pictured at Vancouver's international airport in Richmond,

BRUSSELS (Reuters) - EU antitrust regulators have resumed their investigation into Air Canada's <AC.TO> proposed acquisition of rival Canadian carrier Air Transat <TRZ.TO> and set a deadline of December 11 for a decision.

The European Commission, which oversees competition policy in the 27-member European Union, suspended its investigation in June as it waited for the companies to provide certain data.

The Commission opened an in-depth study of the planned C$720 million ($552.8 million) acquisition in May, saying it had concerns that it would result in higher prices and less choice for flights between Europe and Canada.

A filing by the Commission showed that the suspension had now ended and that a December 11 deadline had been set.

(Reporting by Philip Blenkinsop)