💲Loonie under pressure against U.S. dollar 🛢️Price of oil falls ✈️Air Canada enters partnership with Emirates Here's what you need to know today:
as much as 5.47 per cent in early trading — and that’s despite a warning from the head of the International Energy Agency that “we might not have seen the worst of the [energy crisis] yet.” And while the ramp-up in U.S. earnings season is still a few days away, PepsiCo surprised to the upside this morning — beating profit and revenue expectations, and boosting its full-year revenue-growth forecast.
Air Canada announced a strategic partnership this morning with Emirates that it said will lead to a code-sharing agreement. Separately, an analyst at Canaccord Genuity today upgraded Air Canada shares to buy , saying there’s a “window” for long-term investors after all the recent negative news about aviation.
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