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Stock impact report

Bright winter forecasts buoy ski resort hopes, even as younger generations shy away [BNN Bloomberg (Canada)]

Vail Resorts, Inc. (MTN) 
Last vail resorts, inc. earnings: 3/9 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Blasts of frigid Arctic air could send the mercury plunging in December and herald the arrival of a more “traditional Canadian winter,” according to Doug Gillham, a meteorologist at the Weather Network, which released its seasonal outlook last week. Most of Canada is expected to see near- or colder-than-normal temperatures, and near- or above-normal precipitation and snow, stated the network's forecast for December, January and February. In Quebec's Eastern Townships, Mont Sutton has already accumulated more than 60 centimetres of snow. “It's really exceptional,” said spokeswoman Lydia Lyonnais. Season pass sales are up 10 per cent from the same time last year, while equipment rentals rose 39 per cent, she said. Across regions, demand seems as sturdy as a backwoods snowboard. “There's still a strong appetite,” said Canadian Ski Council CEO Paul Pinchbeck. “So we're feeling really good.” The domestic market grows one to two per cent a year — “not hugely,” but well compared Show less Read more
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