November 3, 2016 / 12:12 PM / in a year

BRIEF-Canada to boost foreign investment threshold for Canadian airlines

Nov 3 (Reuters) - Canada will let international investors own a total of 49 percent of a canadian airline, up from 25 percent - transport minister

* No single international investor, or group of international investors, will be allowed to own more than 25 percent of a canadian airline - minister

* New investment rules will boost competition and allow the creation of new low cost airlines in Canada - minister

* Although new rules not in place yet, Ottawa will immediately let Canada Jetlines and Enerjet seek increased international investment - minister

* Canada will introduce railways legislation next year addressing future of grain revenue cap and interswitching - transport minister Further company coverage: (Reporting by David Ljunggren)

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