Air Canada stock slides to one-year low despite frothy summer profits

MONTREAL — Air Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates. The company's stock slipped nearly three percentage points to $17.

MONTREAL — Air Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates.

On Monday, Raymond James analyst Savanthi Syth lowered her earnings forecast for the Montreal-based company due to the run-up in jet fuel prices over the past three months.

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