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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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Chrystia Freeland Announces Bid for Liberal Leadership

In a significant political move, Chrystia Freeland has announced her candidacy for the leadership of the Liberal Party of Canada. Freeland, who previously served as the finance minister and deputy prime minister, is set to officially launch her campaign this Sunday. Her decision comes after a month of speculation following her resignation from the cabinet.

Freeland's entry into the race is expected to intensify the competition, especially with former Bank of Canada governor Mark Carney also vying for the top spot. If successful, Freeland could become Canada's second female prime minister. Early polling indicates that she is a strong contender, with 29% of Canadians expressing support for her leadership.

Freeland's campaign is likely to focus on key issues such as economic stability and climate change, areas where she has previously shown strong leadership. Her candidacy has already sparked discussions about the future direction of the Liberal Party and Canada's political landscape.



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