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S airlines have slowed and, in some cases, frozen all new pilot hiring, and although we see this as a temporary issue, softer airline pilot training demand could impact revenue growth and margins in Civil in the coming quarters. Bank of Montreal has posted two quarters of disappointing financial results as it set aside more money for potentially bad loans than analysts had forecast and signalled that provisions for credit losses could remain high for the rest of the year. Join the Conversation. Readers can also interact with The Globe on Facebook and Twitter. We believe the McKesson procurement contract should be finalized imminently and be a tailwind starting in 2H24, representing roughly one-third of the EBITDA margin expansion from 8.
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