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Transat posts loss as weaker loonie hits bottom line

from The Globe and Mail

Package tour operator Transat A.T. posted a loss in the second quarter as the impact of the lower Canadian dollar hit hard but the results were better than expected. Montreal-based Transat said the second-quarter net loss was $7.9 million or 20 cents per share, compared with a net loss of $22.8 million in the year-earlier period. more

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