Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
Stocks fell in morning trading on Wall Street Friday, putting major indexes on track for losses that will end a solid run of weekly gains.
The S&P 500 fell 1.1 per cent as of 10:16 a.m. Eastern. The benchmark index is now on track to break a four-week winning streak. The Nasdaq fell 1.8 per cent and is also set to end four weeks of gains.
The Dow Jones Industrial Average fell 270 points, or 0.8 per cent, to 33,729 and is slightly in the red for the week.
Technology stocks had some of the biggest losses and the sector's dip weighed heavily on the broader market. Microsoft fell 1.3 per cent.
Retailers, banks and industrial firms also fell sharply amid the broad slide.
Meme stock Bed Bath & Beyond sank 40 per cent after the high-profile activist investor Ryan Cohen confirmed that he's sold his stake in the company.
Bitcoin fell nearly 8 per cent, to US$21,432, dragging the rest of the crypto market down with it.
Bright spots included General Motors, which rose 2.4 per cent after reinstating its dividend. Foot Locker soared 20.6 per cent after replacing its CEO and reporting earnings that beat Wall Street's estimates.
Trading has been choppy throughout the week as investors reviewed the latest batch of earnings from retailers and updates on spending, home sales and the employment market.
Big retailers including Walmart and Target have warned investors that inflation is crimping consumer spending. Department store owner Macy's will report its results next week.
A report on retail sales this week showed that spending remains resilient as gasoline prices fall and help ease some pressure from inflation.
Wall Street is trying to determine how stubbornly hot inflation is affecting businesses and consumers and whether the economy can remain resilient and avoid a recession.
The data from government and corporate reports is also being closely watched as investors try to determine how the Federal Reserve will continue with its plan to fight inflation by raising interest rates. The goal is to raise rates and slow down economic growth to cool inflation. But, the central bank is threading a fine line between taming inflation in an already slowing economy and hitting the brakes too hard and veering the economy into a recession.
Minutes of the Fed's July meeting released this week said inflation is still is too high and made clear the central bank will keep raising interest rates. The central bank has raised interest rates twice this year by 0.75 percentage points, triple its usual margin. Forecasters currently expect a hike of a half-percentage point at the board's next meeting.
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
It was evident to the federal government as early as last fall that Loblaw and Walmart might be holdouts to the grocery code of conduct, jeopardizing the project's success.
Royal commentator Afua Hagan writes that when King Charles recently admitted Catherine to the Order of the Companions of Honour, it not only made history, but it reinforced the strong bond between the King and his beloved daughter-in-law.
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
When it comes to cardiovascular fitness, you may tend to focus on activities that move you forward, such as walking, running and cycling.
A recent decision to restrict consular services for fighting-aged Ukrainian men has made a Ukrainian man in Canada feel less certain of his next steps — and worried he could be pulled back to the war.
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A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
During a special winner celebration near their hometown, Doug and Enid shared the story of how they discovered they were holding a Lotto Max ticket worth $70 million and how they kept this huge secret for so long.
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The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
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A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.