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Federal government seeking feedback on promised school food policy as inflation rises
nationalpost.com/pmn/news-pmn/canada-news-pmn/federal-government-seeking-feedback-on-promised-school-food-policy-as-inflation-rises
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Federal government seeking feedback on promised school food policy as inflation rises
nationalpost.com/pmn/news-pmn/canada-news-pmn/federal-government-seeking-feedback-on-promised-school-food-policy-as-inflation-rises
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Canada Inflation Ticks Up to 2.9% on Higher Gas Prices: Canadian consumer prices reaccelerated slightly as expected due to higher gasoline prices ...
bloomberg.com/news/articles/2024-04-16/canada-inflation-ticks-up-to-2-9-on-higher-gas-prices
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Quick Glance: Canadian Inflation Rises Due to Increase in Gasoline Prices
- Canadian consumer prices saw a slight increase, primarily due to higher gasoline prices. Core metrics indicated further progress in disinflation, prompting the central bank to prepare for a shift to looser monetary policy as early as June or July.
- In March, the consumer price index rose by 2.9% compared to the previous year, up from the 2.8% reported a month earlier. Excluding gasoline, the index slowed to 2.8% from the previous year, in contrast to February's 2.9%.
- However, indications of underlying price pressures decreased. The averages of the Bank of Canada's two core measures decreased to an annual rate of 2.95%, weaker than anticipated. Following the release, yields on two-year Canadian government bonds dropped by approximately 10 basis points to 4.18%.
- The March inflation data suggest that the decline in core metrics this year is not temporary. Bank of Canada officials are now waiting to be convinced that the path to the 2% target can be sustained before making adjustments to monetary policy.
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Honda’s $11 Billion Electric-Vehicle Expansion Includes Government Aid in Canada: Honda Motor Co. will spend C$15 billion ($11 billion) to build electric ...
bloomberg.com/news/articles/2024-04-25/honda-s-11-billion-electric-vehicle-expansion-includes-government-aid-in-canada
Honda to spend $11 billion on four EV factories in North America: The new facilities are in addition to the previously announced EV hub in Ohio.
arstechnica.com/cars/2024/04/honda-to-spend-11-billion-on-four-ev-factories-in-north-america/
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds
US economic growth slows but inflation grows: The world's largest economy grew less than expected but rising inflation may delay a rate cut.
bbc.com/news/business-68898432
Cuba apologizes to Canada for delivering wrong body to grieving family: Cuba apologized to Canada on Wednesday after authorities accidentally delivered the ...
reuters.com/world/americas/cuba-apologizes-canada-delivering-wrong-body-grieving-family-2024-04-24/
How we met: ‘She accosted me and told me she’d looked me up on Facebook’: Beccy, 49, and Natalie, 60, became best friends after she visited Natalie’s rescue farm ...
theguardian.com/global/2024/apr/25/how-we-met-she-accosted-me-and-told-me-shed-looked-me-up-on-facebook
Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
Honda to build electric vehicles and batteries in Ontario, says source: Honda will build electric vehicles and their parts in Ontario with financial support from ...
reut.rs/3UrdpUj
Quick Glance: Honda's Major Investment in Electric Vehicle Factory in Ontario
- According to sources from federal and provincial government levels, Honda is planning to establish a significant new electric vehicle facility in Ontario.
- The forthcoming announcement of the agreement is expected to take place at Honda's facility in Alliston, where plans for a comprehensive project to manufacture electric vehicles, batteries, and components will be revealed.
- Honda's investment in Alliston is projected to surpass the existing major projects in the electric vehicle production sector in Ontario.
- The disclosure of the agreement with Honda is seen as a significant step in the government's efforts to attract companies for establishment in Canada within the emerging electric vehicle industry.
Canada’s Retail Sales Flatlined in the First Quarter: Canadian consumers haven’t tightened their belts this much in nearly a year, and there are no signs of ...
bloomberg.com/news/articles/2024-04-24/canada-s-retail-sales-flatlined-in-the-first-quarter
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Lakefield, Ont., couple celebrates $70M Lotto Max win after keeping it secret for 2 months | Globalnews.ca
trib.al/7Qr4fic
First Quantum Minerals cuts debt by over $1 bln in first quarter: Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1 ...
reuters.com/markets/commodities/first-quantum-minerals-cuts-debt-by-over-1-bln-first-quarter-2024-04-23/
Quick Glance: First Quantum Minerals Reduces Debt by Over $1 Bln in First Quarter
- Canadian mining company First Quantum Minerals announced a $1.14 billion debt reduction in the first quarter.
- With a series of capital restructuring measures, the company aims to strengthen its balance sheet and cut debt to achieve operational goals.
- The company's total debt as of March 31 is $5.99 billion, down from the previous $7.38 billion.
- Despite a $159 million net loss due to the closure of the Cobre Panama mine, the company posted a $75 million profit in the year-ago quarter.
Body of Canadian father missing after he dies in Cuba: His family is demanding answers from Canadian officials after they were sent back the wrong body.
bbc.com/news/world-us-canada-68885840
Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Venice introduces first payment charge for tourists: The Italian city became the first in the world on April 25 to introduce a payment system for tourists in an ...
theglobeandmail.com/world/video-venice-introduces-first-payment-charge-for-tourists/
Politics Briefing: Federal, Ontario governments commit up to $5-billion to Honda EV plant
theglobeandmail.com/politics/article-politics-briefing-federal-ontario-governments-commit-up-to-5-billion/
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Japan is poised to fill an EV gap left by China: A new Honda facility in Canada shows that Asia’s auto industry is ready to meet North American needs.
japantimes.co.jp/commentary/2024/04/24/japan/japan-china-ev-gap/
Dashcam video shows dramatic rescue from burning car: Drivers in Minnesota stopped in the middle of a highway to help pull a man out from a vehicle on fire.
bbc.com/news/av/world-us-canada-68860065
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Canada's Rogers profit takes hit from higher costs related to Shaw acquisition: Rogers Communications posted a drop in first-quarter profit on Wednesday ...
reuters.com/business/media-telecom/canadas-rogers-communications-tops-quarterly-subscriber-additions-estimate-2024-04-24/
Punjabi Canadian resident’s video sparks laughter and sympathy: From grappling with the intricacies of Canadian winters to navigating cultural differences ...
indianexpress.com/article/trending/trending-globally/punjabi-canadian-residents-video-sparks-laughter-sympathy-9290450/
Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
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Ontario is about to change when your boss can ask you for a sick note: Ontario is planning to relax rules on sick notes and is testing artificial intelligence ...
thestar.com/politics/provincial/ontario-is-about-to-change-when-your-boss-can-ask-you-for-a-sick-note/article_591ca7c2-025a-11ef-882c-cbb4058f9a21.html
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Bunge-Viterra agriculture merger runs into Canada competition concerns: Canada's Competition Bureau on Tuesday said it found major competition concerns around U ...
reuters.com/markets/deals/canadian-competition-bureau-has-major-concerns-about-proposed-bunge-viterra-2024-04-23/
Shortages key to copper's upward price trajectory to new peaks: Upward momentum that has propelled copper prices to within a whisker of the psychological $10 ...
reuters.com/markets/commodities/shortages-key-coppers-upward-price-trajectory-new-peaks-2024-04-23/
Airbus granted reprieve from Canadian sanctions on Russian titanium, sources say: Source says it came to Ottawa’s attention there were unforeseen effects of the ...
theglobeandmail.com/politics/article-airbus-granted-reprieve-from-canadian-sanctions-on-russian-titanium/
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Two-thirds of Canadians consider themselves fans of women's sport - study: Two thirds of Canadians consider themselves to be fans of women's sport ...
reuters.com/sports/two-thirds-canadians-consider-themselves-fans-womens-sport-study-2024-04-22/
Why measles vaccination needs to be a top priority: Measles cases in Ontario are on the rise, and we all need to do our part to stop the spread
theglobeandmail.com/opinion/article-why-measles-vaccination-needs-to-be-a-top-priority/
Montreal tenant forced to pay his landlord’s taxes offers advice to other renters
theglobeandmail.com/real-estate/article-montreal-tenant-forced-to-pay-his-landlords-taxes-offers-advice-to/
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Ukrainian politician calls for more military aid from Canada: Chair of Ukraine’s commission on arms control says Ukraine is hoping to receive shells, missiles ...
theglobeandmail.com/world/article-ukrainian-politician-calls-for-more-military-aid-from-canada/
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Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
Conservatives, NDP demand Ottawa protect Canadians' jobs at new EV plants: Canadian workers are being sidelined in favour of foreign workers at the NextStar ...
montrealgazette.com/news/national/conservatives-ndp-demand-ottawa-protect-canadians-jobs-at-new-ev-plants
Canada's TC Energy says NGTL pipeline system resumes normal operations after fire
reuters.com/business/energy/canadas-tc-energy-says-ngtl-pipeline-system-resumes-normal-operations-after-fire-2024-04-22/
Canada’s oddly specific EV credits for Honda amounts to poor industrial policy : The federal government and Ontario’s a multibillion-dollar deal with Honda would ...
theglobeandmail.com/business/commentary/article-canada-honda-electric-vehicle-chain/
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Indigenous delegates say they are being left out of key talks on global plastic pollution treaty
theglobeandmail.com/politics/article-indigenous-delegates-say-they-are-being-left-out-of-key-talks-on/
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Ontario to increase speed limits on several parts of Highway 401, and other major highways
thestar.com/politics/provincial/ontario-to-increase-speed-limits-on-several-parts-of-highway-401-and-other-major-highways/article_7fcf8518-0243-11ef-bb89-53714d450e92.html
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U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Australian reporter who covered Nijjar slaying faced visa issues with Indian government
theglobeandmail.com/politics/article-australian-reporter-who-covered-nijjar-slaying-faced-visa-issues-with/
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BOJ to project inflation will stay around target, signal chance for rate hike: The Bank of Japan is expected to project inflation will stay around its 2% target ...
reuters.com/markets/asia/boj-project-inflation-will-stay-around-target-signal-chance-rate-hike-2024-04-22/
Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
These two fixes for the housing crisis have a bigger impact than Ottawa’s policies
theglobeandmail.com/business/commentary/article-these-two-fixes-for-the-housing-crisis-have-a-bigger-impact-than/
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Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...
reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/
Canadian Man Dies On Cuban Vacation, But Family Receives Wrong Body: The Jarjour family in Quebec is wondering why the remains of another man were shipped from ...
huffpost.com/entry/bc-cn-canada-cuba-wrong-body_n_6626eef6e4b04378c08b3026
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
Cindy Lee and me: How a mysterious 32-song album by a gender-bending Canadian artist took the music world by storm
thestar.com/entertainment/music/cindy-lee-and-me-how-a-mysterious-32-song-album-by-a-gender-bending-canadian/article_1ff038f2-00ab-11ef-a505-2395250520f6.html
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Macron Says Inflation Cannot Be Sole Target of Monetary Policy: French President Emmanuel Macron said inflation can no longer be the only target for European ...
bloomberg.com/news/articles/2024-04-25/macron-says-inflation-cannot-be-sole-target-of-monetary-policy
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Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Roku Q1 Results Show Benefits Of Streaming Price Hikes: Roku posted solid first-quarter financials, with positive results in several key metrics illustrating the ...
deadline.com/2024/04/roku-q1-earnings-show-streaming-price-hikes-1235895379/
Milei sparks wild rally that makes peso number one in the world: Four months into office, President Javier Milei has pulled off a critical feat in a country ...
batimes.com.ar/news/economy/javier-milei-sparks-wild-rally-that-makes-peso-number-one-in-the-world.phtml
Unilever beats sales forecast as customers return to brands: Unilever beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann's ...
reuters.com/business/retail-consumer/unilever-beats-quarterly-sales-growth-expectations-2024-04-25/
Federal government raises economic forecast slightly: The German economy is experiencing weak growth - for how much longer? There are increasing signs of ...
fr.de/wirtschaft/bundesregierung-hebt-konjunkturprognose-leicht-an-zr-93030997.html
Quick Glance: CDU Official Demands Halt to Nuclear Power Plant Decommissioning
- A revelation from "Cicero" magazine indicates that the decision for Germany's nuclear phase-out was primarily driven by green anti-nuclear activists, sparking harsh criticism towards Economy Minister Robert Habeck.
- The Economy Ministry refutes the "Cicero" portrayal, emphasizing that decisions were based on transparent and open-ended evaluations.
- The CDU and FDP criticize Habeck, calling for clarification and a reassessment of the nuclear power plant decommissioning.
- Experts and politicians express concerns over potential public misrepresentation and the erosion of trust in the government due to the revelations from the documents.
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
BOJ will hike rates if trend inflation accelerates, gov Ueda says: The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% ...
reuters.com/markets/asia/boj-will-hike-rates-if-trend-inflation-accelerates-says-gov-ueda-2024-04-23/
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
theage.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Central Bank holds key interest rate steady at 50 percent - Türkiye News: As widely expected, Türkiye’s Central Bank has kept its policy rate — the one-week repo ...
hurriyetdailynews.com/central-bank-holds-key-interest-rate-steady-at-50-percent-192815
ECB’s Panetta Warns Cuts Needed to Avoid Ultra-Low Rates Later
bloomberg.com/news/articles/2024-04-25/ecb-s-panetta-warns-cuts-needed-to-avoid-ultra-low-rates-later
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Bitcoin analysts agree that BTC has ‘a lot further to run’: Bitcoin on-chain and market cycle data all suggest higher baseline prices for BTC in the months ...
cointelegraph.com/news/bitcoin-analysts-agree-that-btc-has-a-lot-further-to-run
Central Bank lowers key rate to 60%: Policymakers at Argentina’s Central Bank lower interest rates to 60% from 70% as officials bet on a sustained slowdown of ...
batimes.com.ar/news/economy/argentinas-central-bank-lowers-key-rate-to-60.phtml
US Treasuries Slide After GDP Data as Inflation Pressures Temper Fed Rate Cuts: Treasuries slid as signs of sticky price pressures in a reading of first-quarter ...
bloomberg.com/news/articles/2024-04-25/treasuries-drop-as-first-quarter-price-pressures-temper-fed-cuts
Gold miner Newmont tops profit estimates; asset sale attracts strong interest: Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday ...
reuters.com/markets/commodities/newmont-beats-quarterly-profit-estimates-2024-04-25/
Writers Guild of Canada Overwhelmingly Votes to Authorize Strike Over AI, Fair Pay
hollywoodreporter.com/business/business-news/writers-guild-of-canada-votes-to-authorize-strike-1235881245/
The Dow drops 375 points on low economic growth, high inflation, and weak tech earnings
qz.com/dow-jones-stocks-gdp-inflation-tech-earnings-1851435533
Gradual volume recovery, valuations to support Hindustan Unilever's stock: Hindustan Unilever: The premium portfolio growth across categories was healthy ...
business-standard.com/markets/stock-market-news/gradual-volume-recovery-valuations-to-support-hindustan-unilever-s-stock-124042501184_1.html
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Austria - an expensive country for workers: According to the OECD, Austria places a higher burden on labor income than almost any other country in the world ...
diepresse.com/18406310/oesterreich-ein-teures-land-fuer-arbeitnehmer
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Turkey Pauses Rate Hikes Ahead of Inflation Peak Near 70%: Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a ...
bloomberg.com/news/articles/2024-04-25/turkey-pauses-rate-hikes-ahead-of-inflation-peaking-at-over-70
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Morgan Stanley Warns of Possible Tokyo CPI Yen Shock Before BOJ: Morgan Stanley MUFG Securities economists flagged a risk of Tokyo inflation data causing a ...
bloomberg.com/news/articles/2024-04-25/morgan-stanley-warns-of-possible-tokyo-cpi-yen-shock-before-boj
Alleged Italian Mobsters Grew Powerful in Toronto. Experts Say Canadian Law Can’t Stop Them. - OCCRP
occrp.org/en/investigations/alleged-italian-mobsters-grew-powerful-in-toronto-experts-say-canadian-law-cant-stop-them
Quick Glance: Italian Mobsters Thrive in Toronto Despite Canadian Law
- Vincenzo Muià traveled to Toronto to meet with Angelo Figliomeni, accused by Canadian police of leading a powerful 'Ndrangheta faction.
- Challenges in Canadian law hinder prosecution of organized crime groups, experts highlight.
- Figliomeni, convicted of weapons charges in Italy, remains safe in Canada due to lack of extradition grounds for 'mafia association.'
- Figliomeni's 'Ndrangheta faction in Toronto influences events in Italy, an unprecedented situation according to Italian authorities.
Jamie Dimon says US has less than 50% odds of nailing a soft landing: "It looks a little bit more like the '70s to me, and I point out to a lot of people ...
businessinsider.com/jamie-dimon-soft-landing-outlook-recession-inflation-jpmorgan-geopolitics-2024-4
Why select NHL games will be on Amazon Prime Video next season: Streaming service Amazon Prime Video will be the exclusive home for NHL games on Mondays for the ...
theathletic.com/5445674/2024/04/25/nhl-games-amazon-prime-sportsnet/
Madison Moderate Allocation Fund Q1 2024 Investment Strategy Letter: The U.S. stock market held the course set by the explosive rally to end 2023 over the first ...
seekingalpha.com/article/4686051-madison-moderate-allocation-fund-q1-2024-investment-strategy-letter
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