Tag #Government Divestment

What factors contributed to the timing of the government's decision to sell its Air Canada shares, and what conditions were attached to the original 2021 investment?

This sale reflects Air Canada's strong recovery from pandemic-related losses and the broader positive trend in the stock market. The airline's profitability, coupled with a rising S&P/TSX Composite Index (up 22.4% year-to-date), created a favorable environment for the government to sell its shares at a profit. This action also follows similar recent stock sales by other companies, indicating a broader trend of equity divestment in the current market climate.