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Canadian carrier profits to be down on 2010

22-Mar-2011 12:29 PM

Canada’s Conference Board announced its report has found Canadian carrier profits will be affected as revenues are consumed by rising fuel and labour costs (The Canadian Press, 21-Mar-2011). Pre-tax profits are expected to fall by one-third to CAD785 million in 2011, down from CAD1.2 billion in 2010. Profits will reportedly remain in the CAD700 million to CAD800 million range annually for the next three years, according to the reports.