Canadian Stocks Advance, Cap Third Monthly Gain

Air Canada reported an unexpected first quarter profit, with a key earnings measure expected to rise to a record this year. The company's cost reduction plan is effective, as expenses per available seat mile fell by 3.3%. Norbert's shares increased significantly after strong earnings, driven by efficient operations in North America and Europe. CEO Peter Weinberg highlighted the continued momentum from last year. First Quantum's shares also rose, reflecting increased output of copper, nickel, and zinc, supported by the new Sentinel mine.

What was a key factor in Air Canada's unexpected profit in the first quarter?

• Increased ticket prices

• Higher fuel prices

• Expansion of flight routes

• Reduced cost per available seat mile

What contributed to Norbert's improved margins?

• New product launches

• Strong operations in North American and European mills

• Increased marketing efforts

• Higher sales in Asia

Who is the CEO of Norbert?

• Michael Johnson

• John Smith

• I Liang

• Peter Weinberg

What was a significant factor in First Quantum's earnings beat?

• Expansion into new markets

• Higher output of copper, nickel, and zinc

• Increased workforce

• Decreased production costs

Which new mine contributed to First Quantum's increased output?

• Copper Mountain

• Sentinel

• Red Dog

• Grasberg