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Posted AT 7:10 AM EDT on 08/05/08

Air Canada loss grows to $288-million

The Canadian Press

MONTREAL — — Air Canada has reported a first-quarter net loss of $288-million compared with a loss of $34-million in the first three months of last year. The latest loss included a $125-million provision for cargo price-fixing investigations and $89-million in currency-related setbacks.

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