Canadian Prime Minister Mark Carney delivered an address about the country's economic ties to the U.S.

Inflation surged in Canada last month thanks to a record jump in gasoline prices, though cost pressures from the conflict in the Middle East so far appear contained and may ensure the central bank continues to leave interest rates steady.

A major airline announced Friday that it is suspending select routes in the U.S., citing soaring jet fuel costs that have made certain operations unprofitable.

Travellers heading to Japan should take note, as Canada has updated its travel advisory for the popular destination.

By Promit Mukherjee OTTAWA, April 20 (Reuters) - Canada's annual inflation rate rose 2.4% in March, with prices jumping 0.9% on the month, as higher crude oil costs drove up gasoline prices, data showed on Monday.

Air Canada will suspend service to New York’s JFK International airport over the summer, the latest move in an industry struggling with high fuel costs and falling supplies.

The Bank of Canada cut its key interest rate to 2.50 per cent on September 17 – its first cut after months of pause. The next interest rate announcement is October 29, 2025.

Air Canada plans to suspend service to New York’s JFK International airport starting June 1 amid an airline industry struggling with high fuel costs and dwindling supplies.

Firms’ one-year inflation outlook rises to 3.8%, while majority of households expect economic hit from conflict | Anadolu