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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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Your daily horoscope: January 2, 2025

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There will be times over the coming 12 months when you feel it necessary to pinch yourself so you know you’re not dreaming. The thing to remember is that it’s your own positive attitude that brings so many good things and good people your way.

ARIES (March 21 - April 20):

If you make any major changes today you will probably have to change them back again tomorrow when Mars, your ruler, is at odds with power planet Pluto. On this occasion at least it might be a smarter move to leave well alone.

TAURUS (April 21 - May 21):

Wherever you go and whatever you do between now and the weekend you will have a great deal of fun. The only cloud on the horizon is that tomorrow’s Mars-Pluto link could make you too confrontational when dealing with people in positions of authority.

GEMINI (May 22 - June 21):

You could get rather emotional over the next 24 hours and no one will be more surprised about it than you. It’s not that your self-control is cracking, it’s just one of those occasions when you get overly sensitive about life for no good reason. It will pass.

CANCER (June 22 - July 23):

As love planet Venus moves into the sympathetic sign of Pisces tomorrow affairs of the heart will start to go well again. Once you are back on good terms with your soulmate other areas of your life will make better progress as well.

LEO (July 24 - Aug. 23):

Do whatever it takes to maintain some sort of contact with a colleague you have fallen out with in recent days. If you get to the point where you are no longer talking at all the consequences will be bad for both of you. Keep hope alive.

VIRGO (Aug. 24 - Sept. 23):

Focus on what’s good about the people you meet between now and the weekend and don’t worry if others say you are being too trustworthy. Even if you are the planets indicate that your forgiving attitude will have a highly positive knock-on effect.

LIBRA (Sept. 24 - Oct. 23):

If travel and social plans are disrupted today maybe you should take it as a hint that you should be doing something different with your time and energy. Work-related matters are under excellent stars, so focus more on those for the time being.

SCORPIO (Oct. 24 - Nov. 22):

If you allow personal desires to dominate your thinking over the next few days you could find that your long-term ambitions take a hit. By all means let your passion shine through but don’t forget you need to be passionate about your career as well.

SAGITTARIUS (Nov. 23 - Dec. 21):

If a colleague tries to persuade you to take a risk of some kind today you would be wise to turn them down flat. According to the planets there is a major flaw in their plans that they seem unaware of. Tell them to go away and think again.


CAPRICORN (Dec. 22 - Jan. 20):

Tomorrow’s sun-Jupiter link will make you impatient with people who don’t share your level of ambition but there is no point being too hard on them. It takes all sorts to make a world and not everyone can be as motivated as you.

AQUARIUS (Jan. 21 - Feb. 19):

Get together with someone whose outlook reflects your own and draw up a plan that takes advantage of new technologies and new ways of doing things. The fact that so many of your rivals are stuck in the past will make it easier for you to succeed.

PISCES (Feb. 20 - Mar. 20):

Venus, planet of emotional and material values, moves into your sign tomorrow, prompting you to assess what relationships are worth carrying on with and what possessions are worth holding on to. Consider having a major clear-out – you’ll feel better for it.

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