MONTREAL, Nov. 6, 2013 /CNW Telbec/ - Air Canada provided the following statement on the unusual trading activity of AC-B shares earlier this morning on the Toronto Stock Exchange (TSX).
The Corporation has no pending material news to be issued and was advised by the Investment Industry Regulatory Organization of Canada (IIROC) that the temporary halt between 11:01 and 11:06 was solely triggered by their Single Stock Circuit Breaker Rule. Various external sources have indicated to Air Canada that there is speculation, not yet substantiated, that the Single Stock Circuit Breaker Rule may have been triggered by an erroneous trade order that was placed in respect of the AC-B shares.
Air Canada's third quarter financial results are scheduled to be issued on Friday November 8 prior to the opening of markets, as previously announced.
SOURCE Air Canada