Skip to main content

Featured

5 Things to Know Today: Your Canadian Money Brief

  Wednesday, April 29, 2026 | moneysavings.ca/canadian-money-brief 1. The Bank of Canada Is Watching — And So Should You Markets are closely parsing every signal from the Bank of Canada ahead of its next rate announcement. With inflation holding stubbornly above target in key categories like shelter and groceries, economists are split on whether another cut is on the table or a longer hold is in store. If you're carrying variable-rate debt or sitting on a GIC renewal, now is the time to model both scenarios. What to do: Don't lock into a long-term rate product until after the next announcement. A few days of patience could save you thousands. 2. Spring Housing Market: More Listings, Less Panic After years of near-empty inventory, more Canadian sellers are finally listing — particularly in the Greater Toronto Area and Greater Vancouver. The uptick in supply is giving buyers breathing room they haven't seen since pre-pandemic times. That said, prices haven't mean...
Post a Comment
Read more

article

Labels

Air Canada Restructures, Cuts 400 Management Jobs

                Air Canada cuts about 400 management jobs, says decision not related to flight attendants strike.

Air Canada has announced the elimination of roughly 400 management positions, representing about one per cent of its total workforce. The airline described the move as a “difficult decision” following an extensive internal review aimed at streamlining operations and improving efficiency.

The cuts affect non-unionized management roles and, according to the company, will not impact day-to-day flight operations or customer service. Air Canada emphasized that it regularly evaluates its resources to ensure they are aligned with business needs and long-term growth plans.

The announcement comes just weeks after the airline faced financial turbulence linked to a three-day strike by more than 10,000 flight attendants, which led to thousands of cancellations and significant losses. While Air Canada has stated the management cuts are not directly tied to the strike, the timing underscores the challenges the carrier faces in balancing cost control with service expansion.

Despite the reductions, Air Canada is moving forward with growth initiatives, including expanded service at Toronto’s Billy Bishop Airport, with new daily routes to Ottawa and Montreal set to launch in early 2026.


Labels:

Comments

Post a Comment