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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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Market Jitters: Futures Slide Ahead of Trump's Tariff Announcement

                                                    

The U.S. stock market is experiencing turbulence as investors brace for President Trump's highly anticipated tariff reveal, dubbed "Liberation Day." Futures tied to major indices, including the Dow Jones Industrial Average, S&P 500, and Nasdaq, have dropped significantly. This decline reflects growing concerns over the potential economic impact of reciprocal tariffs on U.S. trading partners.

While the S&P 500 rebounded slightly on Monday, it closed March near its lowest levels in three years, marking a challenging first quarter. Analysts speculate that the new tariffs could push the effective U.S. tariff rate to its highest level since the 1940s, further straining an economy already grappling with slowing growth and persistent inflation.

The uncertainty surrounding the scope and nature of the tariffs has left markets in limbo, with investors anxiously awaiting clarity. Will the tariffs be blanket measures affecting all trading partners, or will they be tailored to specific countries? This question remains unanswered, fueling market volatility.

As the countdown continues, the labor market's resilience will also be under scrutiny, with key economic data releases scheduled later this week. Investors hope for signs of stability amid the growing unease.

The stock market's reaction underscores the delicate balance between policy decisions and economic confidence. All eyes are now on Wednesday's announcement, which could set the tone for the months ahead.

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