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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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Cautious Trading as Investors Await Key Data

 

Markets opened cautiously this morning as investors weighed mixed earnings, shifting rate expectations, and another volatile session in commodities.

TSX

The TSX opened slightly higher, supported by financials and energy, though gains remain modest as traders await fresh economic data later this week.

S&P 500

U.S. markets are mixed, with the S&P 500 drifting lower as tech stocks continue to face pressure from rising bond yields and softer forward guidance from several large-cap names.

Oil

Oil is steady after yesterday’s pullback, with traders watching Middle East supply signals and U.S. inventory data expected tomorrow.

Canadian Dollar

The CAD is trading slightly weaker against the USD, reflecting cautious sentiment ahead of the Bank of Canada’s next rate communication.

What’s Moving

  • Winners: Energy names, select Canadian banks, gold miners
  • Losers: Tech, consumer discretionary, rate‑sensitive sectors


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