Thursday, July 10, 2008

High oil prices and their impact on the US and Canada this month

Air Canada has cut more than 600 flight attendant jobs across the country and intends to cut up to 2000 in total. In the US, Northwest Airlines has slashed 2500 jobs and bumped up ticket and bag fees.

SUV and full-size pickup truck sales in the US are down almost 50% from what they were a year ago.

US schools are scaling back or cutting services because of fuel costs. More students will be walking farther when classes resume in September. More schools are shifting to four day weeks, and cutting bus trips for non-competitive extracurricular activities.

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