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Flair Airlines could be grounded in Canada over foreign control concerns - globalnews.ca - Usa - Canada
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Flair Airlines could be grounded in Canada over foreign control concerns
Flair Airlines could lose its right to fly in Canada over concerns that too much of its operations are controlled by a U.S.-based partner, according to a preliminary review from the country’s transportation watchdog obtained by Global News.The decision, for which Flair is seeking an exemption, could see the airline’s operating licence suspended on May 3, leaving Canadian air travellers with summer travel plans stranded at the gate.Some air industry observers are watching the proceedings skeptically, wondering about the lack of transparency around the review, while others say the airline has long been playing too loose with Canadian ownership requirements.“If you’re buying a ticket for travel beyond May 3rd… buy insurance and make sure you’re ready for some turbulence along the way,” says John Gradek, a professor with McGill University’s aviation management program who’s following the case.Flair Airlines is based in Edmonton, Alta., but operates routes connecting many smaller markets in Canada to other North American destinations.Though it technically began operations in 2005, it was in 2018 that Flair formally joined the emerging crop of ultra low-cost carriers (ULCC) in Canada including WestJet’s Swoop and Lynx Air. Flair offers a no-frills travel experience but appeals to consumers with eye-grabbing deals such as $69 flights from Toronto to Vancouver.Flair currently operates a fleet of 13 Boeing 737 aircraft, but has stated plans to scale up to 50 aircraft by 2025.
‘Our lobsters are gold plated now’: Atlantic Canada lobster exports, prices soar - globalnews.ca - Usa - Canada - county Atlantic
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‘Our lobsters are gold plated now’: Atlantic Canada lobster exports, prices soar
Dumping day - Lobster fishing season opens in southwestern Nova Scotia Sales of live and processed lobster rebounded following the first wave of COVID-19.Prices started to go up with demand and have continued climbing since.Canadian lobster exports reached a staggering $3.26 billion last year, beating the previous record of $2.59 billion, set in 2019, by more than 25 per cent.With many consumers saving money during the pandemic and limited travel or restaurant dining, the crustacean long considered a luxury item for special occasions became a top seller in the U.S.“Americans bought lobster during the pandemic like they never did before and that drove up demand and price,” says Geoff Irvine, executive director of the Lobster Council of Canada.While processed lobster — meat and tails — was in high demand in the U.S., sales of live lobster increased in Asia.“There is unlimited demand in Asia for Canadian lobster,” Sproul says. “It’s a top quality product and we have a good trade relationship.”Strong demand, coupled with smaller catches in winter months, sent shore prices spiralling as high as $19.50 a pound.“The highest wharf price that I’ve ever heard of for lobster in my life was a few weeks ago at $19.50 a pound,” Sproul says.Prices have since dropped to around $14.50 this week and could ease further during the spring lobster fishery.The opening of several lobster fishing areas across Atlantic Canada in the coming weeks is expected to boost supply.Thousands of extra fishing boats will hit the water setting traps.
Justin Trudeau - Chrystia Freeland - Canada bans foreign home buyers for two years to cool market - fox29.com - Usa - state California - Canada - Russia - county Ontario - Ukraine - Ottawa, county Ontario
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Canada bans foreign home buyers for two years to cool market
Justin Trudeau, Canada's prime minister, left, and Chrystia Freeland, Canada's deputy prime minister and finance minister, hold copies of the federal budget in Ottawa, Ontario, Canada, on Thursday, April 7, 2022. Freeland is imposing a one-time windf Prime Minister Justin Trudeau’s government announced Thursday it will ban foreign investors from buying homes in Canada for two years in a bid to cool off a hot housing market.Finance Minister Chrystia Freeland took a number of measures to tamp down speculation and demand amid record home prices in announcing the federal budget for the year.The government announced a two-year ban on foreign home buying as well as higher taxes for people who sell their home within a year, though both measures include multiple exceptions including for permanent residents and foreign students.RELATED: California home prices have more than tripled in these citiesThe budget also includes billions for new housing and measures to help Canadians trying to get into the market, including a new savings account and changes to the first-time home buyers tax credit.The government is under pressure to cool an overheated market after prices climbed by more than 20% last year, while rental rates have also been rising.The federal Liberal government is also promising $500 million Canadian (US$397 million) in additional military aid to Ukraine as well as more humanitarian and financial support to Kyiv in response to Russia’s invasion.RELATED: First-time homebuyer? Real estate experts offer advice in crazy marketCanada responded to months of pressure from the NATO military alliance and others by promising more than $8 billion Canadian (US7.2 billion) in new military spending over the next five years.
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