Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's... see more

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TSX:AC - Post Discussion

Air Canada > took a chance and sold half at 19.30 rebought at 19.19

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Post by wideopenthrottl on Feb 15, 2024 11:35am

took a chance and sold half at 19.30 rebought at 19.19

should cover dinner from last night...heheheh...GLTA

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Comment by Tempo1 on Feb 15, 2024 12:12pm

For 11 cent less commissions !!!! Pennies , Wasted time. In a positive market, Don't worth the risk of a other increase after your selling.

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Comment by JuIieRichards on Feb 15, 2024 12:19pm

The CRA classifies any active trading, short term or day trading as business income. No capital gains tax advantages. Suppose if the person is in a low income category that is ok. Totally useless for people in higer tax brackets. Unless it is in RRSP accounts. Unfortunately even TFSA account with shiort term trades are open to CRA tax challenges.

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Comment by wideopenthrottl on Feb 15, 2024 12:26pm

I am already triple weight on my AC position and i know it was a risk trading so many but i was actually looking at redeploying some of those funds into SIL (which is currently a bargain)....when my ask got hit on my traders i reloaded a few more and let them go... i am already so overweight on SIL that i flip flopped and just rebought AC on the pullback instead...like you say only lunch money but ...more

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