The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that real gross domestic product increased by an annualized rate of one per cent, beating economists’ expectations and the Bank of Canada’s forecast for the final … Read more
Less than two years after entering the market, Lynx Air is winding down operations, making the Calgary-based airline the latest in a long line of Canadian discount carriers that have failed to take off. The company — which rebranded from “Enerjet” in 2021 — cited rising operational costs, high fuel prices, unfavourable exchange rates, increased airport charges and … Read more
Lynx Air, a Calgary-based airline that launched less than two years ago, says it will cease operations on Monday. The news came as the low-cost airline announced it had sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta. “Over the past year, Lynx Air, has faced a number … Read more
KUALA LUMPUR The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM2.15 per litre respectively, from Jan 4 to Jan 10. The Finance Ministry, in a statement on Wednesday (Jan 3), said the prices were fixed based on the weekly retail price of petroleum products … Read more
