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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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China's Tariffs Hit Canadian Goods: A $3.7 Billion Blow

China has implemented retaliatory tariffs on Canadian goods worth $3.7 billion, escalating trade tensions between the two nations. The new levies, effective March 20, target key Canadian exports, including rapeseed oil, peas, aquatic products, and pork. These tariffs impose a 100% surcharge on rapeseed oil and peas, while aquatic products and pork face a 25% duty.

The move follows Canada's imposition of tariffs on Chinese electric vehicles, steel, and aluminum products in October 2024. Beijing has criticized these measures as discriminatory and a violation of World Trade Organization rules.

Canadian industry leaders have expressed concern over the economic impact, particularly on the agricultural sector. Chris Davison, President of the Canola Council of Canada, described the tariffs as "devastating" for farmers and the broader value chain. The federal government has announced measures to support affected industries, including $1 billion in financing for the agriculture and food sectors.

This development underscores the growing strain in Canada-China trade relations, with both sides urging diplomatic engagement to resolve the dispute.

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