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29.07.2021 / 01:05

What’s causing higher inflation and why it could last years

inflation reared its head in North America this spring, the common view was that it would be just a temporary bout of price increases. Now, though, many analysts aren’t so sure.“Inflation rates of three, four — or yes, even five per cent — could be with us for a year or two,” says Douglas Porter, chief economist with Bank of Montreal.Economists surveyed by the Wall Street Journal this month had a similar outlook for U.S.

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Porter Airlines extends service suspension until October

coronavirus pandemic.The airline had been scheduled to resume flights at the end of August.“We never intended to suspend operations for such an extended period of time,” Porter president and CEO Michael Deluce said in a statement. Air Canada urges feds to ease coronavirus limits, calls for ‘science-based approach’ “Unfortunately, the layers of travel restrictions are serving to keep most people at home and show no signs of easing.

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Porter Airlines extends suspension of flights until August 31

Porter Airlines is extending the suspension of all its flights until the end of August.The airline had previously planned to resume flying on July 29.Porter chief executive Michael Deluce says the ability to successfully relaunch service is directly tied to the lifting of travel restrictions.Due to ongoing government travel restrictions, we are modifying our return-to-service date to Aug. 31.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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