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Canada May Sell Part of VIA Rail, Cut Routes as Costs Mount

Canada may sell part of VIA Rail or cut service provided by the money-losing passenger-rail company as the government looks to pare spending, documents show.

The transport ministry is “assessing several options for future support for passenger-rail services,” including “significant reductions” in service and privatizing part of the network, according to a briefing note prepared for Transport Minister Denis Lebel, which was obtained by Bloomberg News under Canada’s freedom-of-information law.