Though Canadian flights have long been dominated by Air Canada and WestJet, the emergence of newer carriers including Flair Airlines and Lynx Air has shaken up the sector, injecting fresh competition to a once-complacent market.
The ramp-up comes three-and-a-half years after the pandemic brought some operations to a screeching halt, when Via Rail suspended its cross-Canada routes and temporarily laid off more than 1,000 workers.
One Bay Street economist says it's unlikely the housing market will flare up, despite the Bank of Canada's decision to keep its key interest rate on hold on Wednesday.
The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter.
While companies in other industries are mandating workers return to the office, the tech sector's shift is notable—and even shocking to some—because the industry was an early champion of remote work.
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end.
The federal government has put a price tag on how much it would like to see Google and Meta spend under an act requiring the tech giants to compensate media for news articles.