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Airlines Slash Flights as Jet Fuel Costs Surge, Squeezing Travellers and Markets

  Airlines Slash Flights as Jet Fuel Costs Surge Canadian travellers are facing fewer flight options and higher fares as jet fuel prices spike to multi‑year highs , forcing Air Canada and Air Transat to cut capacity across key routes. The surge in fuel costs is tied directly to the ongoing Iran conflict , which has disrupted global oil flows and pushed energy markets into another period of volatility. Air Transat is reducing service to Europe and the Caribbean, while Air Canada is suspending several regional and international routes it now considers unprofitable. For consumers, this means higher ticket prices, more crowded flights, and fewer choices heading into the summer travel season . Impact on the Economy and Inflation Airlines passing fuel costs to passengers adds fresh pressure to Canada’s already‑stubborn inflation outlook. Travel inflation — which had been easing — is now expected to rise again, complicating the Bank of Canada’s path toward rate cuts. Higher travel costs a...
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Canada Post Workers Begin Nationwide Strike, Disrupting Deliveries

 


Canada Post workers have initiated a nationwide strike today, following a breakdown in negotiations with their employer. The Canadian Union of Postal Workers (CUPW) announced that approximately 55,000 postal workers are participating in the strike, which began at 12:01 a.m. Eastern Time.

The strike comes after nearly a year of bargaining with little progress on key issues such as fair wages, safer working conditions, and job security. The union had issued a 72-hour strike notice earlier this week, but efforts to reach a negotiated agreement failed.

Canada Post has warned that the strike will significantly disrupt mail and parcel deliveries, especially with the busy holiday season approaching. The Crown corporation stated that mail and parcels will not be processed or delivered during the strike, and some post offices will be closed.

The federal government has appointed a special mediator to assist in the negotiations, but as of now, there is no resolution in sight.

The strike is expected to have a widespread impact on Canadians and businesses relying on postal services for their operations and holiday preparations.


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