Greater Toronto Airports Authority announced that landing fees and terminal charges at Toronto Pearson will each be reduced by 10% effective Jan. 1. GTAA said landing fees have been cumulatively lowered by 13.1% since 2007 while terminal fees have been cut by 15% over the same period. "This fee reduction is welcome because it helps us control costs in this challenging economic environment," Air Canada Executive VP and COO Duncan Dee said in a statement.

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