Air Canada erases pension deficit, projects small surplus - Air - TopicsExpress

Air Canada erases pension deficit, projects small surplus - Air Canada (TSE:AC.B), the nations largest airline, extended a five-year high, after saying it has eliminated a weighty C$3.7 billion pension solvency deficit and moved to a small surplus. Air Canada rallied 5.5 percent to C$9.44 at 1:53 p.m. in Toronto, after reaching C$9.48, the highest intraday price since mid-2008. The company said in a statement today that preliminary estimates on its Canadian registere... ow.ly/2Das9k

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