AC.TO - Air Canada
| Previous Close | 42.91 |
| Open | 43.06 |
| Bid | 43.05 x N/A |
| Ask | 43.15 x N/A |
| Day's Range | 42.93 - 43.33 |
| 52 Week Range | 22.57 - 47.43 |
| Volume | 1,068,051 |
| Avg. Volume | 1,214,854 |
| Market Cap | 11.677B |
| Beta (3Y Monthly) | 0.39 |
| PE Ratio (TTM) | 10.29 |
| EPS (TTM) | 4.19 |
| Earnings Date | Oct 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 52.96 |
- The Motley Fool
Should You Buy Air Canada (TSX:AC) Right Now?
Air Canada (TSX:AC)(TSX:AC.B) continues to post record-breaking results, but is the stock for every portfolio?
- CNW Group
Drone Delivery Canada Announces Commercial Agreement with Vision Profile
TORONTO, Sept. 10, 2019 /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT, OTC: TAKOF) (the "Company" or "DDC") is pleased to announce that with the assistance of its sales agent Air Canada Cargo (TSX:AC.TO - News), it has entered into a commercial agreement dated September 9, 2019 (the "Agreement") with Vision Profile Extrusions Limited ("Vision"), a prominent manufacturing company, to deploy a drone delivery platform for the use of Vision between its properties in Vaughan, Ontario. Pursuant to the terms of the Agreement, DDC will deploy its DroneSpot takeoff and landing zones as well as additional drone flight infrastructure on the Vision sites, and deploy its Sparrow cargo drone, with a capacity of up to 10lbs, on defined flight routes between Vision's properties in Vaughan, Ontario, which routes have already been approved by Transport Canada.
- The Canadian Press
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,495.09, down 40.24 points).Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.06, or 3.36 per cent, to $32.57 on 9.6 million shares.Encana Corp. (TSX:ECA). Energy. Up 24 cents, or 4.03 per cent, to $6.20 on 8.5 million shares.Lydian International Ltd. (TSX:LYD). Materials. Down one cent, or eight per cent, to 11.5 cents on 6.9 million shares.Kinross Gold Corp. (TSX:K). Materials. Down 22 cents, or 3.36 per cent, to $6.32 on 5.7 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up eight cents, or 4.49 per cent, to $1.86 on 5.7 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down 65 cents, or 2.76 per cent, to $22.90 on 5.6 million shares. Companies in the news:Air Canada (TSX:AC). Down 56 cents to $44.00. Canadian travel agencies are scrambling to help passengers whose British Airways flights have been cancelled on Monday and Tuesday after a pilots strike grounded the global carrier. The airline says more than a dozen flights between Canada and London are slated to be cancelled over the two days, affecting about 3,500 passengers based on the size of the scheduled aircraft. Air Canada says it has added larger aircraft on the route between Toronto and London-Heathrow to accommodate increased demand it has seen in recent days.Osisko Gold Royalties Ltd. (TSX:OR). Down 49 cents, or 2.96 per cent to $16.09. Osisko Gold Royalties Ltd. has signed a deal to acquire Stornoway Diamond Corp. with the help of the mining company's secured creditors. Under the terms of the agreement, Osisko and Stornoway secured creditors want to form an entity that will acquire the company and assume the debts and liabilities owing to the secured creditors as well as the obligations relating to the operation of the Renard mine. Osisko will also keep receiving its 9.6 per cent revenue stream from diamonds at the Renard mine, but has agreed to reinvest its proceeds from the stream for one year from the date of closing of the proposed credit bid transaction. The Canadian Press
- Bloomberg
Friday the 13th Won’t Be All Bad for Canada Stocks Rejig
(Bloomberg) -- Air Canada fell as much as 1.5% on Monday after the stock was unexpectedly left out of a reshuffle of the S&P/TSX 60 Index and Kirkland Lake Gold Inc. added instead.Kirkland Lake rose 2.8% at 9:50 a.m. in Toronto after the announcement late Friday; Husky Energy Inc. was removed in the changes. S&P Dow Jones is still set to announce the changes for the TSX composite on Sept. 13.READ MORE: A Hidden Gem May Join The Big Leagues After Canada Index ShuffleThe index changes -- important in the age of passive investing since they drive the composition of exchange traded funds -- may turn out to be the biggest news in what’s expected to be a relatively quiet week. Expect CannTrust Holdings Inc. to be among those ejected from the composite index after it fell beneath its listing price of C$2.50.Kirkland Lake has soared 80% this year amid gold’s safe-haven rally and is up 675% over three years.Air Canada had climbed more than 300% since 2016 and is the best-performing stock in the Bloomberg World Airlines Index this year. The carrier’s performance has been boosted this year by its planned acquisition of tour operator Transat AT, which will accelerate its global presence in the leisure industry.CannTrust, on the flipside, has fallen almost 85% from its 2018 peak. A demotion from the TSX would mean it has spent a mere six months in the index.To be eligible for index inclusion, a stock must have a float-adjusted market cap of greater than 0.04% of the index itself, according to AltaCorp. It should also have a float turnover of more than 0.5 times over the period of the prior year. For a deletion, the stock will have a float weight of less than 0.025% of the index. The measurement period to determine changes is based on volume-weighted trading over the last 10 trading days of August.The conference schmoozefest will continue with Canadian companies presenting across North America: Barclays Global Financial Services Conference, Rodman & Renshaw 21st Annual Global Investment Conference, RBC Global Industrials Conference and BMO Media & Telecom Conference.Here’s a recap of what happened last week:Markets -- Just The NumbersWhile skepticism remains, markets were buoyed by the easing of U.S.-China trade tensions this week. A spate of good economic data up north supported the Bank of Canada’s reluctance to signal a potential interest rate cut when it held interest rates steady. That culminated with a blockbuster 81,100 jobs created last month, Statistics Canada reported Friday. It was the seventh-largest monthly gain in records going back to 1976, and brought gains to 471,300 over the past 12 months, the most in a year since 2003.Chart of The WeekPoliticsPrime Minister Justin Trudeau is expected to kick off Canada’s election campaign over the next week. The federal election is set to take place on Oct. 21.EconomyEconomists will have one eye on August housing starts, expected on Sept. 10, after the Bank of Canada kept rates unchanged in September, in contrast to the rest of the world’s easing trend. Deputy Governor Lawrence Schembri on Thursday noted the domestic economy’s resilience, highlighting the bank’s determination to chart its own course.TrendingInCanada1\. Tennis superstar (and Canadian!) Bianca Andreescu made history and won the US Open in New York last week. And in true Canadian fashion, she apologized to fans of Serena Williams for her win.(Updates with S&P/TSX 60 shuffle announcements, share price)\--With assistance from Madeleine Lim.To contact the reporters on this story: Divya Balji in Toronto at dbalji1@bloomberg.net;Aoyon Ashraf in Toronto at aashraf7@bloomberg.netTo contact the editors responsible for this story: Madeleine Lim at mlim131@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- CNW Group
Media Advisory - Air Canada Deputy Chief Executive Officer & Chief Financial Officer, Michael Rousseau, will participate in a fireside chat at the 7th Annual Laguna Conference hosted by Morgan Stanley
MONTREAL , Sept. 9, 2019 /CNW Telbec/ - Michael Rousseau , Deputy Chief Executive Officer & Chief Financial Officer at Air Canada, will participate in a fireside chat at the 7th Annual Laguna Conference ...
- The Motley Fool
2 Canadian Growth Stocks to Buy in September
Air Canada (TSX:AC)(TSX:AC.B) is one of the two stocks which growth-hungry investors should consider to buy in September.
- Yahoo Finance Canada
Canadian airlines hit with $45K in fees for violating passenger rules
Air Canada, WestJet, Porter and Air Transat have been fined for violating Air Passenger Protection Regulations.
CNW GroupThe Air Canada Café Opens at Toronto Pearson, Providing Customers an Eye-Opening Airport Coffee Experience
MONTREAL, Sept. 5, 2019 /CNW Telbec/ - Air Canada is serving up its newest offering for premium customers with the opening of the Air Canada Café at Toronto Pearson International Airport. Air Canada's premium clientele will have access to this new Café, revolutionizing the coffee shop experience at Toronto Pearson. It will offer a wide selection of beverages and food that can be taken to go," said Andrew Yiu, Vice President, Product at Air Canada.
CNW GroupAir Canada To Launch Flights from Toronto to Belgium's Capital
Year-round, non-stop Toronto -Brussels flights complement year-round Montreal -Brussels service MONTREAL , Sept. 4, 2019 /CNW Telbec/ - Air Canada announced today the introduction of new, year-round services ...
- Bloomberg
Air Canada Challenges Onex’s Takeover of Rival WestJet
(Bloomberg) -- Air Canada is calling on the country’s transportation regulator to take a closer look at Onex Corp.’s takeover of WestJet Airlines Ltd., arguing that the C$3.5 billion ($2.6 billion) deal may run afoul of foreign-ownership rules.“I am writing to express the concern that, due to the structure of the transaction and the capital and corporate governance structure of Onex, the transaction may result in an undertaking that is not ‘Canadian’ within the meaning” of the Canada Transportation Act, Air Canada’s general counsel David Perez wrote in an Aug. 15 letter to the Canadian Transportation Agency. “Onex’s structure also appears to provide insufficient protections to ensure that WestJet continues to be Canadian in the future.”Onex, the Toronto-based buyout firm founded and led by Gerry Schwartz, agreed in May to buy Canada’s second-biggest carrier in a cash deal and take the company private. The acquisition was valued at C$31 a share, or C$5 billion including debt, Toronto-based Onex said at the time. The stock closed Friday at C$30.86 in Toronto.Air Canada’s letter said that WestJet’s purchaser will also have a number of co-investors that may include foreign sovereign wealth funds, foreign airlines and other non-Canadians, and that Onex lacks the necessary internal controls to ensure that Calgary-based WestJet remains Canadian.Foreign ownership rules under Canada’s transportation act require a company to be 51% owned and controlled by Canadians, with no more than 25% voting interest held by any single non-Canadian.“We urge the agency to carefully consider whether the transaction will result in an undertaking that is Canadian and to use its powers to investigate and uphold the Act as necessary,” Air Canada said.The appeal was reported earlier in the Globe and Mail.“Onex is pleased to have received approval from the minister of transport and the Competition Bureau for the WestJet transaction,” the company said in an e-mail. “Onex is engaged with the CTA on the regulatory approval process of our transaction.”WestJet spokeswoman Lauren Stewart said the arrangement is still subject to the receipt of the Canadian Transportation Agency’s review of the ownership structure.“Assuming the timely receipt of this approval, the transaction is expected to close in the fourth quarter of 2019,“ Stewart said in an e-mail. “As the deal remains under regulatory review, we will not be providing further comment.(Updates with company comments)To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, ;Michael J. Moore at mmoore55@bloomberg.net, Brendan CaseFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance Canada
Air Canada files challenge over Onex takeover of rival WestJet Airlines
Air Canada has filed a challenge with the federal government over Onex Corp.’s proposed takeover of WestJet Airlines Ltd., arguing that the deal could see Canada’s second largest airline fall under foreign control.
- The Motley Fool
Not So Fast: Air Canada (TSX:AC) Raises Challenge With WestJet (TSX:WJA) Deal
Could the Onex (TSX:ONEX) bid to take WestJet Airlines Ltd (TSX:WJA) private be in danger of falling through?
- Simply Wall St.
Is There More To Air Canada (TSE:AC) Than Its 6.7% Returns On Capital?
Today we'll evaluate Air Canada (TSE:AC) to determine whether it could have potential as an investment idea...
- The Motley Fool
3 Red-Hot Stocks to Ride Into 2020
While many stocks are down, Air Canada (TSX:AC)(TSX:AC.B) and these other two should continue to rise well into next year.
- CNW Group
Superior Court of Quebec Approves Plan of Arrangement for Air Canada and Transat A.T. Inc. Combination
MONTREAL, Aug. 29, 2019 /CNW Telbec/ - Air Canada today announced that the Superior Court of Quebec has granted a final order approving the previously announced Plan of Arrangement for the proposed combination of Air Canada and Transat A.T. Inc. There were no objections made to the court to the application, which was approved by nearly 95 per cent of shareholders at a special meeting of Transat held on Aug. 23, 2019. The acquisition will proceed by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act. The transaction remains subject to regulatory approvals and the other closing conditions set out in the Arrangement Agreement dated July 19, 2019.
- Baystreet
Stocks in play: Air Canada
Announced today the introduction of year-round service between Montreal and Toulouse starting June 4, ...
CNW GroupAir Canada To Launch Year-Round Montreal-Toulouse Service
MONTREAL, Aug. 28, 2019 /CNW Telbec/ - Air Canada announced today the introduction of year-round service between Montreal and Toulouse starting June 4, 2020. The five-times weekly flights will provide the only year-round service between the two cities and be operated with Air Canada's Airbus A330-300 fleet, featuring Signature Class, Premium Economy and Economy cabins. Special introductory fares from Montreal to Toulouse start as low as $729 CDN round-trip, all-in, and tickets are now available for purchase at aircanada.com or through travel agents.
- The Motley Fool
Why Air Canada’s (TSX:AC) Acquisition of Transat (TSX:TRZ) Could Fall Through
Air Canada (TSX:AC)(TSX:AC.B) will become an even bigger player in the industry if its deal to acquire Transat AT Inc. (TSX:TRZ) is approved, and that could have a significant impact on competition.
- Bloomberg
Air Canada’s Transat Bid Looks Shakier Than Ever to Market
(Bloomberg) -- After battling a rival bid, Transat A.T. and Air Canada now have one more thing to worry about. The gap between Transat’s share price and Air Canada’s takeover bid is sitting at the widest ever -- indicating investors aren’t confident the deal will get done.Transat’s stock fell as much as 5.9% Tuesday to C$15.03 ($11.33), the biggest drop since early July. That’s nearly C$3 below Air Canada’s offer of C$18 a share or C$720 million, which was raised earlier this month in an attempt to fend off an unsolicited bid from Quebec real-estate developer Group Mach Inc.The tour operator’s shareholders voted 95% in favor of the Air Canada bid last Friday. It’s now subject to other closing conditions, including approval under the Canadian Competition Act, the Canada Transportation Act and European Council regulations.Canada’s transport minister Marc Garneau said Monday that officials need until May to review the proposed acquisition in order to ascertain whether the deal is in the best interest of the public.The competition review is anticipated “to be the most strenuous given the overlap of the companies in Montreal and Quebec markets,” AltaCorp Capital analyst Chris Murray said in a recent note. “The upcoming federal election could also expose the transaction to heightened levels of political discourse, which could make regulators reticent to approve relevant reviews.”However, Murray said he believes the deal will ultimately get the required approvals and will close by 2020.Scotiabank analyst Konark Gupta agreed that the deal will eventually get done but added that the “Competition Act approval could be relatively more tedious compared to other regulatory and government approvals” due to substantial overlap between the two companies in sun destinations and transatlantic markets.(Updates with Tuesday’s share move in second paragraph.)\--With assistance from Divya Balji.To contact the reporter on this story: Kristine Owram in Toronto at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Divya BaljiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance Canada
Air Canada's Transat takeover 'raises public interest issues,' says transport minister
Air Canada’s (AC) proposed takeover of Transat A.T. Inc. (TRZ.TO) raises issues issues related to public interest and requires additional time to conduct a thorough analysis, says Canada’s Transport Minister.
- CNW Group
Air Canada Welcomes Transat Shareholders Approval
MONTREAL, Aug. 23, 2019 /CNW Telbec/ - Air Canada is pleased by the announcement, earlier today, by Transat A.T. Inc. ("Transat") of the approval, by a majority of nearly 95% of its shareholders, of its Arrangement Agreement with Air Canada under which Air Canada will acquire all its issued and outstanding shares. "We are pleased with the outcome of Transat's special meeting and grateful to Transat shareholders for this overwhelming show of support," said Calin Rovinescu, President and Chief Executive Officer of Air Canada. "For shareholders of Transat and Air Canada, the combination delivers excellent value, while also providing increased job security for both companies' employees through greater growth prospects.
- Yahoo Finance Canada
Transat shareholders approve Air Canada deal, but regulatory hurdles remain
Transat A.T. Inc. shareholders voted in favour of Air Canada’s proposed takeover deal on Friday,.
