Canadian airfares rise as travel demand rebounds
A Flight Centre Travel Group report shows domestic flights from July to September average 14 percent higher than a year ago. Calgary to Vancouver up 27 percent, Montreal to Toronto up 386 percent, Edmonton to Vancouver up 82 percent amid limited capacity and airline consolidation. Analysts cite Boeing delays, engine recalls, and market exits by Lynx Air and Swoop as factors.
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TSX underperforms as U S shares rise amid rate moves
Canada’s main stock index slipped 51.22 to 21 587.88 while U S markets gained. The Dow rose 188.94 to 38 778.10 the S P 500 up 41.63 to 5 473.23 and the Nasdaq up 168.14 to 17 857.02. Traders eye policy cuts and rate holds by Canada and the U S with housing starts in Canada firming in May.
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