Pension funds post largest investment losses since financial crisis in 2008:

ctvnews.ca/canada/grocery-inflation-slows-in-march-but-price-growth-at-restaurants-remains-strong-1.6848978

Apr 16

Grocery inflation slows in March, but price growth at restaurants remains strong: Inflation on groceries continued to slow in March, rising just 1 ...

5 similar articles

16

11

kuwaittimes Apr 17

Canada budget woos young voters, asks rich to pay more | kuwaittimes: Canada budget woos young voters, asks rich to pay more - Business - OTTAWA: The government ...

kuwaittimes.com/article/13228/business/canada-budget-woos-young-voters-asks-rich-to-pay-more/

4

Apr 16

Statistics Canada set to release its March inflation report - National | Globalnews.ca

5

Apr 16

How are you tackling rising food prices? We want to hear from you: Amid rising food prices, Canadians continue to brace for inflation as spending and consumption ...

ctvnews.ca/canada/how-are-you-tackling-rising-food-prices-we-want-to-hear-from-you-1.6847586

2

Apr 12

Canadians’ wages took major hit in 2022 amid high inflation rates: StatCan - National | Globalnews.ca

9

Apr 16

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

Paid articlePaid

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.

0

Apr 16

Politics Briefing: Inflation rate ticked higher in March, markets bet on June rate cut

theglobeandmail.com/politics/article-politics-briefing-inflation-rate-ticked-higher-in-march-markets-bet-on/

0

12h

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

Paid articlePaid

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.

39

6h

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/

95

Apr 22

Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to be announced ...

reut.rs/3Jtd1yn

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.

55

Apr 24

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/

1 similar article

27

6

PBS

pbs.org/newshour/economy/about-1-in-4-us-adults-over-50-say-they-expect-to-never-retire-an-aarp-study-finds

9h

About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds

104

3h

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

82

Apr 24

A big piece of Saskatoon airline history departing for Lethbridge | Globalnews.ca

trib.al/wfLS7Xo

bbc.com/news/world-us-canada-68885840

297

9

OCCRP Apr 22

Even after a Canadian court case against an alleged mafia group collapsed, public records revealed much about how a faction of the ’Ndrangheta mafia in Toronto ... Show more @jaredferrie

25

Apr 23

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.

211

Apr 24

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.

27

Apr 22

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/

30

Apr 24

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

1

Apr 23

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

32

16h

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

26

Apr 20

Immigration: 'Some Canadians are beginning to question the multiculturalist model'

lemonde.fr/en/international/article/2024/04/20/immigration-some-canadians-are-beginning-to-question-the-multiculturalist-model_6668991_4.html

Quick Glance: Immigration Debate in Canada: Shifting Perspectives on Multiculturalism

Sociologist Christian Bergeron notes the intense debate on immigration in Canada, challenging a fundamental pillar of Canadian society.

Canadian Prime Minister Justin Trudeau aims to welcome around 985,000 new permanent immigrants by 2025.

Bergeron explains the evolving immigration discourse in Canada, raising doubts about the country's traditional multiculturalism principle.

The changing demographics of immigrants in Canada have led to concerns among some Canadians, reflecting a sense of destabilization.

5

1

San Francisco Chronicle

sfchronicle.com/bayarea/article/sf-sales-tax-neighborhood-19394489.php

Apr 21

SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years

158

306

Reuters

A

Apr 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/

14

9h

Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...

2

Apr 21

Canadian Airbus A220 jet workers reject tentative agreement

28

Apr 23

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/

7

Apr 19

JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...

ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b

Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels

JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.

Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.

JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.

Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.

77

11h

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/

3

Apr 23

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/

72

9h

Monthly earnings rise, payroll employment falls: jobs report: The number of vacant jobs in Canada increased in February, while monthly payroll employment ...

ctvnews.ca/business/monthly-earnings-rise-payroll-employment-falls-jobs-report-1.6861362

23

14

NPR

npr.org/2024/04/25/1247177492/why-experts-say-inflation-is-relatively-low-but-voters-feel-differently

2h

Why experts say inflation is relatively low but voters feel differently: Grocery prices are a key component of any household budget, and rising food prices can ...

markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4

89

306

Insider (news website)

B-

4h

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 ...

t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html

22

113

T-Online Apr 18

Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...

Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth

German private individuals hold a net wealth of 7716 billion euros.

Stocks and investment funds saw significant gains in the last quarter.

Cash and bank deposits remain the largest component of wealth.

Household net wealth increases by 244 billion euros to 5560 billion euros.

243

19h

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/

The Sydney Morning Herald

25

2

smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html

16h

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 ...

24

Apr 23

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/

9

Apr 20

Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...

ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd

fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/

35

19

FIJ NG Apr 18

Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...

8

8h

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/

3

Apr 19

Ottawa to force banks to identify carbon rebate by name in direct deposits: The first rebate deposits in 2022 were generically labelled – ‘federal payment’ and ...

theglobeandmail.com/politics/article-ottawa-to-force-banks-to-identify-carbon-rebate-by-name-in-direct/

17

8h

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

3

Apr 25

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/

1

Apr 19

Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...

thehill.com/business/4605828-mortgage-rates-top-first-time/

Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers

US mortgage rates have surged above 7%, increasing costs for homebuyers.

The rise in mortgage rates impacts monthly costs, limiting purchasing power.

Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.

Experts anticipate a moderate easing of mortgage rates later in the year.

63

Apr 23

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/

20

Apr 24

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/

1

Apr 21

By almost 20 percent: gas prices in Germany are rising again: The regular VAT rate for gas has been in effect again in Germany since the beginning of April. This ...

n-tv.de/wirtschaft/Gaspreise-in-Deutschland-steigen-wieder-article24889291.html

48

Apr 22

How Risky Is Japan’s Monetary-Policy Normalization? | by Takatoshi Ito - Project Syndicate

project-syndicate.org/commentary/bank-of-japan-monetary-policy-normalization-risks-by-takatoshi-ito-2024-04

1

Apr 22

Why the rise in shoplifting? Blame our addiction to online shopping: Shoplifting has surged to an alarming level across Canada, industry insiders say

theglobeandmail.com/business/commentary/article-why-the-rise-in-shoplifting-blame-our-addiction-to-online-shopping/

4

Apr 20

500 Newfoundlanders went on same cruise by coincidence: The residents of the Atlantic Canadian province chased the same good deal online without prior planning.

bbc.co.uk/news/av/world-us-canada-68860064

1.2k

Apr 19

Financial assets of private households at a record high: Overall, people in Germany have more financial assets than ever before. However ...

hna.de/wirtschaft/geldvermoegen-privater-haushalte-auf-rekordhoch-zr-93018343.html

40

18h

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

3

ctvnews.ca

ctvnews.ca/lifestyle/i-will-forget-you-she-told-a-man-she-met-while-travelling-she-never-did-and-they-found-unexpected-love-1.6855095

Apr 20

'I will forget you,' she told a man she met while travelling. She never did and they found unexpected love

60

10h

Tim Hortons to stage theatrical production called ‘The Last Timbit’ | Globalnews.ca

10

Apr 21

Hundreds of young supporters of Donald Trump lined up for his recent Green Bay, Wisconsin, campaign rally. The most common reason many are backing the former ...

6

Apr 21

Biden needs to face facts: He’s still losing to Trump : For President Biden and the Democrats, thing are looking ugly in November.

thehill.com/opinion/campaign/4604865-biden-needs-to-face-facts-hes-still-losing-to-trump/

52

Apr 23

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/

20

Apr 24

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/

1

Apr 23

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

26

Apr 21

Unified, organized Jets have potential to end Canadian Cup drought: It’s not a stretch to think this Winnipeg Jets team can finally bring the Cup back over the ...

sportsnet.ca/nhl/unified-organized-jets-have-potential-to-end-canadian-cup-drought/

81

Apr 19

Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...

reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/

25

Apr 21

Poll: Election interest hits new low in tight Biden-Trump race: Amid a tight Joe Biden-Donald Trump race, the share of voters with high interest in the election ...

nbcnews.com/politics/2024-election/poll-biden-trump-tight-race-election-interest-low-rcna148170

Quick Glance: Poll: Election Interest Declines in Tight Biden-Trump Race

The interest of voters in the election has reached the lowest point in two decades at this stage in a presidential race.

The latest national NBC News poll reveals that the number of voters with high interest in the 2024 presidential election has nearly hit the lowest point in almost 20 years, with a majority holding negative views of President Joe Biden and former President Donald Trump.

Inflation and immigration top the list of the country's most pressing issues, with only one-third of voters giving Biden credit for improving economic performance.

The survey also highlights how the low voter interest and the independent candidacy of Robert F. Kennedy Jr. could potentially disrupt what has been a stable presidential contest with over six months until Election Day.

51

12h

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

3

18h

Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16

taiwannews.com.tw/en/news/5673279

4

Apr 20

A celebrity seal was moved 125 miles away. He showed up again days later.: Canadian wildlife officials relocated Emerson the elephant seal this month after his ...

washingtonpost.com/world/2024/04/19/emerson-elephant-seal-victoria-canada/

135

Apr 23

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/

0

19h

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

5 similar articles

5

65

The Sydney Morning Herald

smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html

Apr 18

If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...

46

Apr 24

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/

12

Apr 18

Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase

freep.com/story/money/personal-finance/susan-tompor/2024/04/18/how-high-could-inflation-drive-social-security-cola-hike-in-2025/73327853007/

Quick Glance: Powell Warns of Lack of Progress on Inflation

Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.

42

Apr 22

Wall St gains after Friday sell-off, Mideast tensions subside: Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as ...

reuters.com/markets/us/futures-recover-after-friday-sell-off-mideast-tensions-ease-2024-04-22/

Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations

World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.

Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.

As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.

While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.

4

3h

Billions of bottles: Canadian statistics paint grim picture of plastic litter problem

ctvnews.ca/climate-and-environment/billions-of-bottles-canadian-statistics-paint-grim-picture-of-plastic-litter-problem-1.6862167

1 similar article

1

The Economist