So today Canada and the European Union agreed to open up their skies to each other more, and get rid of restrictions currently in place. The story is found here. Hopefully this will lead to more competition between more air carriers, and therefore result in lower fares for all travellers. I wouldn't expect to see any changes though until this coming summer at the earliest, especially since I don't think many airlines are looking to expand during the current economic recession.
Also, there is a 50% Westjet sale on today for another couple of hours, so if you are looking for a deal, head over there.
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