Yesterday, the Canadiens announced a partnership with Air Canada. The company’s logo is now displayed on the CH’s white jersey, for games away from home. I’m not here to criticize the CH for desecrating the jersey. In my eyes, it’s money easily made, and it doesn’t change the show on the ice as such. It’s […]
Air Canada: Is This TSX Stock a Buy Today?
More on: Image source: Getty Images.
Air Canada(TSX:AC) stock has fallen almost 4% in the past week. The company is due to declare its earnings this week and a question looms over potential investors- should I stay or should I go? To paraphrase The Clash: If I stay there will be trouble, if I go it might cost me double.
Why? Because Air Canada continues to remain in a precarious position right now. Travel, both business and leisure, have fallen off a cliff. Canadians are getting vaccinated but it’s not at an ideal rate. The vaccine rollout has been lackluster over the last two months and has is just beginning to pick up speed. Canada has a list of people who can enter its borders. Business people and tourists aren’t among them. Flights from India and Pakistan are banned until May 31.