The Thursday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Thursday, Nov. 5
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CANADIAN AIRLINES MAY SEE MORE FOREIGN INVESTMENT: The federal government says it wants to raise the limit of foreign ownership of Canadian airlines in hopes it will lead to lower fares. Transport Minister Marc Garneau says he plans to bring in legislation to let international companies to own up to 49 per cent of an airline in Canada, a jump from the current cap of 25 per cent. Garneau says loosening foreign investment rules will help create more competition and allow the launch of low-cost carriers. He also intends to bring in a passenger bill of rights in the coming months that will establish clear, minimum requirements so Canadians know when they are eligible for compensation in cases of oversold flights or lost luggage.
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