Friday July 4, 2014 – 10am
Posted Jul 4, 2014 01:57:10 PM.
This article is more than 5 years old.
10:00- Kristine Owram, Financial Post Transportation Reporter
Is the age of ultra low-cost airlines finally coming to Canada? Two new startup airlines hope so, but if history is any indicator, they’ll have an uphill fight making Canada an affordable airline market. Two new discount carriers, one based in Calgary the other in Vancouver, are promising to cut the floor out from Canada’s two major airlines, Air Canada and Westjet, with much lower prices.
@KristineOwram
10:30- Noel Hulsman, Managing Editor of Finance and Autos for Yahoo Canada
Some Canadians are reconsidering those shopping trips and vacation plans south of the border thanks to the increasing strength of our dollar. The loonie, as the Canadian currency is also known, climbed above 94 cents U.S. on Wednesday, its highest level since December. That’s well above its 2014 low around 88 cents in March. The currency’s rise is bad news for exporters who count on a lower Canadian dollar to spur sales, but makes cross-border shopping more attractive for Canadians looking to stretch their money in the United States, where prices for many goods and services are cheaper.
@NGHulsman
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