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BRIEF-Nav Canada will proceed with its proposal to decrease existing base rates charged to its customers
August 11, 2017 / 1:22 PM / 12 days ago

BRIEF-Nav Canada will proceed with its proposal to decrease existing base rates charged to its customers

Aug 11 (Reuters) - Nav Canada

* Nav Canada - will proceed with its proposal to decrease existing base rates charged to its customers by an average of 3.5 per cent​

* Nav Canada - ‍will also implement a temporary one-year rate reduction of 0.4 per cent​

* Nav Canada - ‍company also announced its decision to reimburse its customers approximately $60 million in a one-time 4.6 per cent refund​

* Nav Canada - ‍3.5 per cent average reduction to base rates and 0.4 per cent one-time rate reduction will both become effective on September 1, 2017​ Source text for Eikon: Further company coverage:

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