Airlines suffer blow in vacation season

Article Abstract:

Canadian airlines are experiencing slow business for the all-important vacation season in 1999. The month of August, which traditionally makes the bulk of the carriers' annual profit, suffered a 15% drop in regional traffic. While most airlines such as Air Canada Inc feel the blow of the slump, Canadian Airlines International Ltd managed to reduce loss by cutting its fleet and operating costs.

Scheduled Air Transportation, Management dynamics, Scheduled Airlines

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RBC forecasts economy to grow by 2.8% this year

Article Abstract:

The latest survey conducted by Royal Bank of Canada reveals that the economy of the country will grow 2.8 percent in 2006 and 2.7 percent in 2007. The study also revels that the economy is operating slightly below full capacity.

Commercial Banks, Banking industry, Analysis, Economic aspects, Reports, Economic conditions, Royal Bank of Canada

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