Media advisory - NAV CANADA to Announce Major Technology Development Benefiting the Aviation Industry Français
EDMONTON, AB, June 24, 2025 /CNW/ - NAV CANADA will hold an event in Edmonton, where the company will announce a major new technology deployment that will enhance the predictability, resilience, and sustainability of air traffic management across Canada. Members of the media are invited to attend.
This initiative marks a significant advancement in modernizing Canada's aviation infrastructure and delivering long-term benefits to industry stakeholders and the travelling public.
Event Details:
Date: Wednesday, June 25, 2025
Time: 12:00 PM (MST)
Location: upon RSVP
Who participates:
NAV CANADA senior executives
The Hon. Chrystia Freeland, Minister of Transport and Internal Trade
The Hon. Eleanor Olszewski, MP for Edmonton Center and Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada
Notes for media:
To confirm your attendance, please RSVP by replying to [email protected]
Media attending the event will have the opportunity to speak with spokespeople and obtain visuals.
About NAV CANADA
NAV CANADA is a private, not-for-profit company, established in 1996, providing air traffic control, airport advisory services, weather briefings and aeronautical information services for more than 18 million square kilometres of Canadian domestic and international airspace.
The Company is internationally recognized for its safety record, and technology innovation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
39 minutes ago
- Cision Canada
Air Canada completes $500 million substantial issuer bid, acting on its commitment to balanced long-term capital allocation Français
MONTRÉAL, June 25, 2025 /CNW/ - Air Canada (TSX: AC) has taken up and paid for 26,595,744 of its Class A Variable Voting Shares and Class B Voting Shares (collectively, the " shares") at a price of $18.80 per share under its $500 million substantial issuer bid (the " Offer") to purchase shares for cancellation. The successful completion of the Offer by Air Canada is an additional step towards its goal of reducing its fully diluted number of shares below 300 million by 2028, creating value for shareholders while investing in growth through a balanced long-term capital allocation strategy. The shares bought under the Offer, representing about 8.24% of the total number thereof, were acquired for about $500 million. After the Offer, about 296.1 million shares are expected to remain issued and outstanding. Other information about the Offer A total of about 26.8 million shares were validly deposited in the Offer and not withdrawn pursuant to auction tenders at or below $18.80 or purchase price tenders. As the Offer was oversubscribed, about 99.14% of the successfully tendered shares were purchased by Air Canada, other than "odd lot" tenders not subject to proration. Payment and settlement of the purchased shares will be made on or before June 27, 2025 in accordance with the Offer and applicable law. Any shares that are not purchased, including as a result of proration or auction tenders at more than $18.80, will be returned to shareholders as soon as practicable. Air Canada estimates that for purposes of the Income Tax Act (Canada) (the " ITA") the paid-up capital per share is about $10.59. Shareholders who have sold shares to Air Canada under the Offer will as a result be deemed to have received a dividend equal to $8.21 per share, the amount by which the purchase price exceeds the paid-up capital per share for Canadian federal income tax purposes. The dividend deemed to have been paid by Air Canada to Canadian resident persons is designated as an "eligible dividend" for purposes of the ITA and any corresponding provincial and territorial tax legislation. The "specified amount" for purposes of subsection 191(4) of the ITA is $8.21. Shareholders should consult with their own tax advisors with respect to the income tax consequences of the disposition of their shares under the Offer. The full details of the Offer were described in the offer to purchase and issuer bid circular dated May 16, 2025, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available under Air Canada's profile on SEDAR+ at This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Air Canada's shares. All dollar amounts are in Canadian dollars and issued and outstanding shares are based on the number thereof as of June 20, 2025. CAUTION REGARDING FORWARD-LOOKING INFORMATION This news release includes forward-looking statements within the meaning of applicable securities laws. Forward-looking statements relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These statements may involve, but are not limited to, comments relating to guidance, strategies, expectations, planned operations or future actions. Forward-looking statements are identified using terms and phrases such as "preliminary"; "anticipate"; "believe"; "could"; "estimate"; "expect"; "intend"; "may"; "plan"; "predict"; "project"; "will"; "would"; and similar terms and phrases, including references to assumptions. These statements also include statements relating to the terms of the Offer, including the timing of payment and settlement for shares purchased under the Offer, the number of shares expected to be issued and outstanding after completion of the Offer and Air Canada's 2028 fully diluted share count goal. Forward-looking statements, by their nature, are based on assumptions including those described herein and are subject to important risks and uncertainties, which are amplified in the current environment. Forward-looking statements cannot be relied upon due to, among other things, changing external events and general uncertainties of the business of Air Canada. Actual results may differ materially from results indicated in forward-looking statements due to a number of factors, including those discussed below. Factors that may cause results to differ materially from results indicated in forward-looking statements include economic conditions, statements or actions by governments and uncertainty relating to the imposition of (or threats to impose) tariffs on Canadian exports or imports and their resulting impacts on the Canadian, North American and global economies and travel demand, geopolitical conditions such as the military conflicts in the Middle East and between Russia and Ukraine, Air Canada's ability to successfully achieve or sustain positive net profitability, industry and market conditions and the demand environment, competition, Air Canada's dependence on technology, cybersecurity risks, interruptions of service, climate change and environmental factors (including weather systems and other natural phenomena and factors arising from anthropogenic sources), Air Canada's dependence on key suppliers (including government agencies and other stakeholders supporting airport and airline operations), employee and labour relations and costs, Air Canada's ability to successfully implement appropriate strategic and other important initiatives (including Air Canada's ability to manage operating costs), energy prices, Air Canada's ability to pay its indebtedness and maintain or increase liquidity, Air Canada's dependence on regional and other carriers, Air Canada's ability to attract and retain required personnel, epidemic diseases, changes in laws, regulatory developments or proceedings, terrorist acts, war, Air Canada's ability to successfully operate its loyalty program, casualty losses, Air Canada's dependence on Star Alliance® and joint ventures, Air Canada's ability to preserve and grow its brand, pending and future litigation and actions by third parties, currency exchange fluctuations, limitations due to restrictive covenants, insurance issues and costs, and pension plan obligations as well as the factors identified in Air Canada's public disclosure file available at and, in particular, those identified in section 18 "Risk Factors" of Air Canada's 2024 MD&A and in section 14 "Risk Factors" of Air Canada's First Quarter 2025 MD&A. The forward-looking statements contained in this news release represent Air Canada's expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. However, Air Canada disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities regulations. About Air Canada Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada's passenger and freighter aircraft. Air Canada's climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada's TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US. Media Resources: Photos Videos B-Roll Articles SOURCE Air Canada
Winnipeg Free Press
41 minutes ago
- Winnipeg Free Press
Trade clarity to help Canada's economy rebound after modest recession: Deloitte
OTTAWA – Some economists are putting an increasingly optimistic slant on Canada's tariff dispute with the United States, arguing the economy should be able to avoid 'worst-case' scenarios from the trade war. That doesn't mean the Canadian economy gets off scot-free — a new forecast published by Deloitte Canada on Wednesday calls for a modest recession to hit in the second and third quarters of the year as uncertainty and weakness caused by tariffs start to bite. 'We do think the economy really is going to be considerably slower,' said Dawn Desjardins, chief economist at Deloitte Canada. After a surprisingly strong first quarter that saw many businesses rush their orders to get ahead of looming tariffs, Canadian exports were already showing signs of a steep decline in April. Weakness in the manufacturing side of the labour market is expected to broaden in the months ahead, Deloitte Canada said. The unemployment rate is forecast to rise to 7.3 per cent by the fall from May's level of seven per cent. But Desjardins said this downturn could be much worse if Canada hadn't secured tariff exemptions for CUSMA-compliant exports in early negotiations with the United States. U.S. President Donald Trump's move to double steel and aluminum tariffs to 50 per cent earlier this month means those sectors are still set to take steeper hits, she said, particularly if Canada levies more reciprocal tariffs at the end of a 30-day negotiation deadline in July. Deloitte said parts of eastern and Central Canada, as well as British Columbia, will see subdued growth this year from the tariff dispute while the prairie provinces and Newfoundland and Labrador will see their output rise, thanks largely to energy exports. Overall, Desjardins said the status quo — if maintained — does not mark the 'worst-case outcome' for Canada's economy that some might have feared a few months ago when tariff talks were ramping up. Deloitte expects that, even with two negative quarters, Canada will post real GDP growth of 1.1 per cent this year. That would accelerate to 1.6 per cent in 2026 — not headline shattering growth by any means, but better than a protracted downturn. Unemployment would also drop back below seven per cent early next year, the report said. Deloitte is not the only one bringing a bit of optimism to the forecast. RBC published a report June 13 that also focuses on Canada's upside risks — economist shorthand for ways things might turn out for the better — amid what it called a 'gloomy' outlook on the trade war to date. 'While Canada's economic path forward remains challenging, it appears considerably less treacherous than it did just a few months ago — a narrative that has yet to permeate the Canadian psyche,' the RBC report read. Consumer and business confidence has taken a hit as Canadians wait for an outcome from trade negotiations with the United States, but RBC noted the hard data so far shows households are still spending despite the uncertainty. Desjardins also believes that once businesses get a bit more clarity on the trade front — talks so far appear productive, she said — they will also have the confidence to pick up investment again. She projects that will set up an economic recovery starting in the second half of the year, fuelled in part by a pair of additional quarter-point rate cuts from the Bank of Canada in the coming months. RBC, on the other hand, believes the economy is showing enough life that it doesn't need any support from additional rate cuts this year. That could change if cracks start to form in the economy, but RBC's assistant chief economist Nathan Janzen said he expects the central bank will remain on hold given 'resilience' in the economy. 'There is still room for the Bank of Canada to respond with more monetary policy support if the economy needs it,' he said. Both RBC and Deloitte point to recent steps taken by the federal government as girding Canada's economy from a steeper economic downturn. The House of Commons passed Bill C-5 at the end of last week, a sweeping set of legislation that aims to reduce interprovincial trade barriers and speed up major project development. Desjardins said the bill helps address long-standing reputational issues that Canadian industry is slow-moving and gets mired in red tape before getting shovels into the ground. While economists have long been banging the drum to draw attention to Canada's weak business investment levels and flagging productivity, she said the 'jolt' of the trade war has finally 'brought this to the top of this agenda.' 'This signals to business that Canada is now ready to move to a stronger playing field,' she said. RBC agreed that 'action on interprovincial trade barriers could pay long-run dividends helping to support investment and productivity growth.' Uncertainty about the U.S. market in the global trade upheaval also offers an opportunity for resource-rich Canada to support growing worldwide demand for critical minerals necessary to power artificial intelligence and defence products, RBC said. Monday Mornings The latest local business news and a lookahead to the coming week. Desjardins said it could be years before today's steps to knock down interprovincial trade barriers and build out national infrastructure pay dividends. It takes time to reorient supply chains, and manufacturing industries in some provinces will still take a hit during the adjustment. But she argued that the signal is nearly as important as the outcome when it comes to giving businesses the confidence they need to invest. Adopting this 'One Canadian Economy' framework, as Ottawa has dubbed it, 'is not a magic wand that changes the landscape,' Desjardins said. 'It is building more resilience in the economy and more room for growth.' This report by The Canadian Press was first published June 25, 2025.
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Trade-heavy Manitoba's GDP growth to slow in 2025: Deloitte
Manitoba will lag behind Canada in economic growth this year, a new report by Deloitte forecasts. The professional services firm predicts a 0.6 per cent increase in Manitoba's gross domestic product. Nationally, a 1.1 per cent gain in GDP is pegged in 2025. 'The (Manitoba) economy is very exposed to exports,' said Dawn Desjardins, chief economist at Deloitte Canada. 'And we are, at least at this stage, still operating in a very uncertain environment.' Deloitte has noticed a drop in private-sector investments, Desjardins said. Many companies have paused their growth plans as Canadian trade with the United States and China is wrought with tariffs and tension. The tariff landscape has changed rapidly over the past four months. Manitoba is a trade-heavy province, Desjardins noted. It saw $37.4 billion worth of trade with the United States last year, per Canadian Chamber of Commerce data. A reliance on trade has caused Deloitte to project Manitoba's GDP growth behind Alberta and Saskatchewan. Those Prairie provinces have forecasted GDP increases of 1.3 and 1.8 per cent, respectively. Prime Minister Mark Carney has called for free trade — or a complete reduction of interprovincial trade barriers — by Canada Day. Manitoba recently passed Bill 47 to mutually recognize goods and services of other jurisdictions with similar laws. Change to provincial economies won't come overnight, Desjardins stressed. She predicted five years must pass without interprovincial trade barriers before 'substantive increases' in GDP are seen. Further, some industries who have been protected by interprovincial trade barriers could suffer in the short term, Desjardins said. She didn't provide examples of such industries by print deadline. Desjardins shared a rosier outlook for 2026: 'We do think that the … Canadian economy will be doing better.' Leaders should have a better understanding of Canada's trading relationship interprovincially and with countries like the United States, she continued. The Canada-United States-Mexico Agreement on trade will be reviewed then; the United States' 'pain points' should be more clear, Desjardins said. Deloitte's latest economic outlook, released Wednesday, suggests Canada's GDP will grow 1.6 per cent in 2026. Gabrielle PichéReporter Gabrielle Piché reports on business for the Free Press. She interned at the Free Press and worked for its sister outlet, Canstar Community News, before entering the business beat in 2021. Read more about Gabrielle. Every piece of reporting Gabrielle produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
