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Air Canada says travel demand remains stable despite economic concerns - Yahoo Canada Finance

Author: Yahoo Canada Finance

Source: https://ca.finance.yahoo.com/news/air-canada-says-travel-demand-remains-stable-despite-economic-concerns-160737586.html

Image of Air Canada says travel demand remains stable despite economic concerns - Yahoo Canada Finance

The Canadian PressPassenger rights overhaul will barely dent bottom line, Air Canada saysMONTREAL — Air Canada says the country's passenger rights overhaul will hardly hurt its bottom line.On a call with analysts Monday, chief financial officer John Di Bert said the financial impact of the reforms will be "incremental." He says the full impact of the updated rights charter will become more apparent in 2024, noting there would be some added pressure.In April, the federal government announced sweeping reforms to the Air Passenger Protection Regulations, with the specifics now beingCBCCanada's medical system 'severely damaged' by use of nursing agencies, Gardam warnsAs a country, Canada needs to find a way to control the hiring of nurses through agencies or costs will only spiral further, says Health P.E.I.CEO Dr.Michael Gardam."Our system is being severely damaged by this," Gardam told a P.E.I. legislative committee last week."People are being moved around for substantial profit and there doesn't seem to be a mechanism at this stage to try to contain that."Health departments across Canada have been turning to nursing agencies to fill shifts that can't beReutersCANADA STOCKS-TSX set to snap eight-day losing streak, Industrials riseCanada's main stock index seemed on track to snap an eight-day losing streak as TSX moved higher on Monday after Air Canada's annual profit forecast lifted the industrial sector while investor sentiment was optimistic ahead of a week full of scheduled economic data.At 10:32 a.m.ET (14:32 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 53.76 points, or 0.29%, at 18,791.15.Air Canada said it expects 2023 core profit towards the higher range of its previous forecast after strong demand for international travel helped the carrier beat third-quarter profit estimates.The Canadian PressEx-North Dakota lawmaker charged with flying to Prague with intent to rape a minorBISMARCK, N.D.(AP) — A former longtime North Dakota lawmaker is charged with traveling to Prague with the intent to rape a minor, according to a federal indictment unsealed Monday.Ex-Republican state Sen.Ray Holmberg was arrested Monday in Grand Forks, according to an arrest warrant. He is also charged with one count of receiving images depicting child sexual abuse, according to the indictment filed Thursday in federal court in North Dakota.It accuses the 79-year-old Holmberg of traveling frThe Canadian PressFrench government says 9 people detained after violent attack on Lyon soccer team busesPARIS (AP) — French police have detained nine people and are searching for other suspects after a violent attack on buses carrying the Lyon soccer team and fans left coach Fabio Grosso with a head injury and forced the postponement of its game at Marseille, the interior minister said Monday.Interior Minister Gerald Darmanin said on BFM television that five police officers were also injured in the attack Sunday night, which drew nationwide attention amid concerns about soccer violence.“Shame anAssociated Press6 teenagers shot at Louisiana house partySix teenagers were shot at a Louisiana house party Saturday night, leaving one in critical condition, local authorities said.When deputies arrived, they found several teenagers with gunshot wounds.

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