Business
Transborder route deal reached
Oct 24, 2012 / 7:15 am
Canada's competition watchdog says it has reached an agreement with Air Canada and its U.S. partner that will allow them to co-operate on transborder routes.
Under the agreement, the airlines are prohibited from co-ordinating their prices and sharing other commercially sensitive information on 14 transborder routes.
The federal agency will also appoint an independent monitor to ensure Air Canada and its partner United Continental comply with terms of the agreement.
The Competition Bureau says the agreement will protect air travellers on high-demand routes between Canada and the United States.
Air Canada (TSX:AC.A) says it's pleased the settlement preserves its long-time relationship with United Airlines, two of North America's largest arriers.
Read more Business News
Today's Market
| S&P TSX | 12648.11 | -9.98 |
| S&P CDNX | 945.56 | +3.51 |
| DJIA | 15298.76 | +4.26 |
| Nasdaq | 3498.965 | +33.722 |
| S&P 500 | 1648.11 | -2.40 |
| Gold | 1389.30 | -2.70 |
| Lumber | 316.00 | -4.50 |
| Oil | 96.05 | -0.11 |
| Natural Gas | 4.235 | -0.026 |
| CDN Dollar | 0.9695 | N/A |
_
Okanagan Companies
| Sun Rype | 6.30 | +0.20 |
| Pacific Safety | 0.05 | -0.02 |
| Knighthawk | 0.02 | 0.00 |
| QHR Technologies Inc | 0.54 | -0.03 |
| Cantex | 0.015 | 0.00 |
| Anavex Life Sciences | 0.475 | -0.025 |
| Metalex Ventures | 0.08 | 0.00 |
| Russel Metals | 26.55 | -0.07 |
| Copper Mountain Mining | 1.74 | -0.01 |
| Colorado Resources | 1.57 | +0.12 |
| ReliaBrand Inc | 0.13 | 0.00 |
_
The most brilliant marketing strategyOwning a business is a daily battle. Customers reduce everything to the most easily comparable factors – apples to apples – and dollars per unit. Business owners must constantly strive to...
The Accidental RunI had a crazy thought a few years ago. I was in the lobby of a Church talking to Matt Blacklock. Matt is a friend and ultra-marathon runner who has tackled some of Canada’s toughest long distan...
Stocks press onBig Picture Stocks press on Most major global equity markets continued their upward journeys this week despite less-than-inspired economic data. In the US, weaker-than-forecast employment and housing...
_
- Loonie heads lower
- Loonie takes a short dive
- Music industry biggies donate $70M
- IRS investigated for tea party targeting
- Loonie weakens as commodities fall
- The buck is up - a little
- Cheap deadly cars made in Brazil
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here
