http://www.theglobeandmail.com/globe...ticle32336739/
(Sorry, Globe Subscribers only).
"Investors may have been unprepared for Air Canada’s recent liftoff. In 11 trading days since late September, it’s up by more than a third, hitting a new 52-week high of $12.70 late last week. The company has only provided an innocuous, but positive, announcement on debt restructuring during this time.
As it turns out, a fair amount of the gain may be coming because big investors, particularly in the United States, are warming to the Air Canada thesis."