Nothing too outrageous, just a natural progression of devaluation... It's probably holding up better than currency inflation over the years.

fixed reward availability is still the biggest "issue". (Oops, forgot to account for image compressionl)
Just put the two PDF side by side yourself:
Current: https://www.aircanada.com/content/da...s-chart-en.pdf
New : https://www.aircanada.com/content/da...une2026-en.pdf


Notable changes:
Median business class redemption is ~500-1000 points higher within North America. Probably due to changes in their internal point/dollar valuation and we should see that across all zones.
TATL business class is 5000 pts more in 4000-6000nm bracket, 20k more in First class (Those are already very hard to come by)

Within Atlantic zone actually got cheaper !? it's 2500-5000 pts less in business class, although it would be hard to fine one over 4000+ miles.