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TRZBF - Air Canada: A Buy Despite The Boeing 737 Max Grounding
Transat AT Inc
Overview
Air Canada (OTCQX: ACDVF) has come a long way since the dark days in 2012 when shares touched a low of $0.80 per share. Even in the past three years, shares have skyrocketed over 300% to prices above $45. Stronger-than-expected earnings in Q2 2019 have further fueled optimism for the company's outlook and growth going forward, however the Boeing 737 Max grounding has left some investors on the sidelines. Despite the grounding, Air Canada is poised to continue benefiting from low and stable commodity prices as well as two major announcements in