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Tour operator Transat suffers bigger loss as weak loonie pushes up operating expenses

from The Province

Shares in Transat A.T. went into a free fall recently after the weakness in the Canadian dollar undercut the restructuring efforts at the travel tour operator and saw it deliver a weaker-than-expected first quarter. Jean-Marc Eustache, Transat chief executive, said he had hoped Transat would turn a profit this winter as the efforts of his turnaround plan took hold. more


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