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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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GST Holiday Brings Mixed Reactions from Retailers

 

Retail organizations are welcoming the federal government’s decision to temporarily suspend the Goods and Services Tax (GST) on a wide range of items from December 14 to February 15. This move is expected to boost consumer spending during the typically slow post-holiday period. However, industry observers warn that the implementation could pose significant logistical challenges for many retailers.

The Retail Council of Canada has highlighted that while the GST break will be straightforward for some businesses, others may face a laborious process. Retailers will need to identify which products qualify for the tax exemption, reprogram their point-of-sale systems, and prepare to reverse these changes once the holiday ends.

Small and medium-sized businesses, in particular, may struggle with the short notice and the administrative burden. Despite these challenges, the retail sector remains optimistic that the GST holiday will drive increased traffic and sales, providing a much-needed boost during a period of economic uncertainty.


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