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I've canceled all my meetings and public events today in order to meet with my Civil Aviation Expert Panel. All evidence is being evaluated in real time and we're considering all potential actions. — Marc Garneau (@MarcGarneau) March 12, 2019

Garneau previously told reporters that Transport Canada would wait for more evidence about what caused the tragic crash before taking steps to address any problems. Garneau said he would board that model aircraft “without any hesitation.”

Canada has been in touch with U.S. officials at the Federal Aviation Administration and the National Transportation Safety Board, which is ultimately responsible for investigating the crash. The FAA had not issued any new directives by mid Tuesday.

Boeing fell 7.2 per cent to US$371.11 at 1:35 p.m. in New York. The company has lost about US$29 billion in market value this week.

Air Canada operates 24 of this particular model. WestJet operates 13. On Tuesday, WestJet reaffirmed its decision to fly the jets. Air Canada did not immediately respond to a request for comment.

Boeing also issued a statement reiterating its “full confidence” in the 737 MAX model as a growing list of countries grounded its planes.

“We understand that regulatory agencies and customers have made decisions that they believe are most appropriate for their home markets,” Boeing posted on Twitter. “The United States Federal Aviation Administration is not mandating any further action at this time, and based on the information currently available, we do not have any basis to issue new guidance to operators.”