Frequent-flier points to nowhere

Article Abstract:

Air passengers are frustrated over lack of dedicated seats available on Air Canada or Canadian Airlines routes for people paying with points. For many Canadians, frequent-flier points are a near obsession. Air Canada's Aeroplan program has 4.5-million members. According to Air Miles program, more than 64% of Canadian households have the blue and white cards to collect points when they make purchases at participating retailers. There have been complaints about the difficulty of using air points to book tickets. Customers do not get seats available for points bookings on certain flights. The federal government and Air Canada both appointed ombudsmen to handle complaints that include overbooked and cancelled flights, and lost luggage. They have taken steps to address the points problem by adding seats for those using the programs. Air Canada is adding 69,000 Aeroplan points seats to the system for May, June and July. The airlines are also working to reassure customers regarding any fear of losing their Canadian Plus points, as the airline merges with Air Canada. Canadian Airlines withdraws from the Oneworld alliance. Canadian is in talks to join Air Canada's International partnership program. Canadian has negotiated some new partnership agreements to replace some of the options lost from Oneworld, including a new partnership with Air New Zealand. They have been negotiating for two months before canceling the program.

Marketing procedures, Company Planning/Goals, Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Airlines, Air Canada, Canadian Airlines International Ltd.

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OSC suspects broader rigging

Article Abstract:

The Ontario Securities Commission says market manipulation may not be limited to the RT Capital Management Inc. scandal, and therefore a nation-wide crackdown on fund management companies is in the works. Nine directors and employees at Royal Bank of Canada's RT Capital have been accused of "juicing" stock prices.

Commercial Banks, Commercial Banking, Banking industry, Cases, Prices and rates, Stocks, Securities, Securities prices, Stock prices, Ontario. Securities Commission

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Signs point to mutual fund high-closing

Article Abstract:

Experts say Royal Bank of Canada, RT Capital Management Inc., and other mutual funds have routinely posted strong gains on the last day of the year in order to inaccurately boost the closing prices of their shares.

Forecasts, trends, outlooks, Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Finance, Mutual funds, Mutual fund industry

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