Aug 7 (Reuters) - NAV Canada NAVCA.UL :
* NAV CANADA TO IMPLEMENT PROPOSED RATE REDUCTION
* NAV CANADA TO IMPLEMENT PROPOSED RATE REDUCTION
* NAV CANADA - WILL PROCEED WITH PROPOSAL TO DECREASE EXISTING BASE RATES BY AVERAGE OF 0.4 PER CENT
* NAV CANADA - ON AVERAGE, CUSTOMERS WILL PAY SAME RATES IN FISCAL 2019, AS THEY DID IN FISCAL 2018
* NAV CANADA - PROJECTIONS FOR CONTINUED GROWTH INTO NEXT YEAR HAS ALLOWED COMPANY TO REDUCE ITS RATES AS OF SEPTEMBER 1, 2018
* NAV CANADA - 0.4 PER CENT AVERAGE REDUCTION TO BASE RATES WILL BECOME EFFECTIVE ON SEPTEMBER 1, 2018