AEROPLAN driven domestic travel has picked up considerably in July, with bigger gains expected in August. Europe travel is being held back by a minority government with its head in its arxe. The demand is there, if silly quarantine with no basis is lifted. 

The political angle is certainly picking up. Troody is losing face in home province and the CERB votes will soon turn to no votes, once the handouts end. Minority government may collapse. 

The vaccines front will surprise with the speed of delivery. In the meantime, little boys will sell, Big Boys will buy. How’s Fidelity coming along? Folks like Gerry Schwartz must be drooling at the idea of  what he could have owned. AC market cap today is less than the value of its AEROPLAN in near future market. Good Investing to All.