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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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Ottawa Prioritizes Canadian Steel and Aluminum in Federal Grants


In a significant move to bolster domestic industries, the Canadian government has mandated that all federal grant recipients prioritize the use of Canadian steel and aluminum in their projects. This directive, announced by Industry Minister François-Philippe Champagne, is part of Ottawa's broader strategy to support local manufacturing and counter external trade pressures.

The decision comes amidst ongoing challenges in the global trade landscape, including tariffs imposed by the United States on Canadian steel and aluminum. By emphasizing the use of homegrown materials, the government aims to safeguard jobs, strengthen the national economy, and ensure the sustainability of critical industries.

Minister Champagne highlighted the importance of Canadian steel and aluminum in supporting key sectors such as defense, automotive, and infrastructure. He emphasized that this initiative not only protects Canadian workers but also reinforces the country's commitment to a resilient and self-reliant economy.

This policy shift is expected to have a ripple effect across various industries, encouraging innovation and investment in Canadian manufacturing. It also underscores the government's dedication to fostering a competitive and sustainable industrial base in the face of global challenges.

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