Air Canada Shares Gain After Oil Declines, Labour Talks Update
Air Canada shares climbed nearly 3% Monday in Toronto, buoyed by falling oil prices and a tentative labor deal covering 6,000 Unifor members. The stock traded near C$20.90 after closing at C$20.30 Friday. The S&P/TSX composite hit a record intraday high as oil dropped about 5% following reports of U.S.-Iran peace talks. Air Canada last month withdrew its 2026 outlook, citing jet-fuel volatility.