Canadian dollar extends weekly decline as retail sales sag

Canadian dollar extends weekly decline as retail sales sag

The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Friday as the sell-off in global equity markets continued and domestic data showed retail sales falling more than expected in July. The loonie was trading 0.3 per cent lower at 1.3525 to the greenback, or 73.94 … Read more

Quebec’s election campaign is under way. A guide to the five parties vying for votes on Oct. 3

Quebec’s election campaign is under way. A guide to the five parties vying for votes on Oct. 3

Quebec Premier Francois Legault speaks at the nomination meeting of Martine Biron, candidate at the Chutes-de-la-Chaudiere riding for the CAQ, on Aug. 10, in Levis, Que.Jacques Boissinot/The Canadian Press Quebec’s fall election campaign is officially under way. François Legault, Leader of the incumbent Coalition Avenir Québec party, kicked off the election campaign with a speech … Read more

Fall travel guide: Four cheap U.S. destinations to visit during the off-season

Fall travel guide: Four cheap U.S. destinations to visit during the off-season

There’s plenty to see across the US this fall, and the season is a great time to visit destinations that are prohibitively hot in the summer or extremely busy in the winter. Natalia Weidner, a Virtuoso-network travel advisor with Oakville, Ont.-based Travel Professionals International based, says that hotels are typically 10- to 30-per-cent cheaper in … Read more

Globe editorial: By asking farmers to cut emissions, is Ottawa biting the hand that feeds us?

Globe editorial: By asking farmers to cut emissions, is Ottawa biting the hand that feeds us?

In late 2020, as part of its plan to reduce Canada’s greenhouse gas emissions, the Trudeau government floated a target for the agriculture sector: cut emissions from fertilizers by 30 per cent. Some farmers feared it would mean that they’d be forced to use 30 per cent less fertilizer – which could mean farming 30 … Read more

Fairfax proposes taking Swiss Chalet owner Recipe Unlimited private in $1.2-billion deal

Fairfax proposes taking Swiss Chalet owner Recipe Unlimited private in .2-billion deal

Fairfax Financial Holdings Ltd. FFH-T has proposed taking Recipe Unlimited Corp. RECP-T private in a deal that values ​​the restaurant-chain owner at $1.2-billion. Toronto-based Fairfax is already the controlling shareholder of Recipe, which owns restaurants including the Keg, Harvey’s and Swiss Chalet. The investment group currently holds 45.8 per cent of the company’s shares and … Read more

The most oversold and overbought stocks on the TSX

The most oversold and overbought stocks on the TSX

The S&P/TSX Composite eased lower by 0.3 per cent for the trading week ending with Friday’s close and sits 6.0 per cent lower for the year. The benchmark’s Relative Strength Index (RSI) of 59 leaves it in the upper reaches of the neutral technical range, far closer to the overbought sell signal of 70 than … Read more

Tax & Spend: The melting value of Ontario’s prepared-food tax break

Tax & Spend: The melting value of Ontario’s prepared-food tax break

The Tax and Spend newsletter will return Aug. 15. There I was at my local ice-cream shop in Eastern Ontario, about to pay for my single scoop of salted-caramel ice cream. The price was $3, according to the chalkboard hanging from the ceiling. The after-tax tally on the register was $3.39. That was a problem … Read more

Opinion: Canadians may need to grocery shop more often amid supply chain disruptions

Opinion: Canadians may need to grocery shop more often amid supply chain disruptions

Anecdotally, some Canadians of late have noticed that certain produce isn’t as fresh as it used to be, and will rot much sooner, but there are no specific data on this yet.Fred Lum/The Globe and Mail Sylvain Charlebois is a professor of food distribution and policy and the director of the Agri-Food Analytics Lab at … Read more

Ranchers push back against Health Canada’s proposed warning label for ground beef

Ranchers push back against Health Canada’s proposed warning label for ground beef

A group representing Canadian ranchers says their industry has been unfairly singled out by proposed new regulations that if enacted, would require packaged ground beef to be sold with a health warning label.Jeff McIntosh/The Canadian Press A group representing Canadian ranchers says their industry has been unfairly singled out by proposed new regulations that would … Read more

How Canada’s fragile food supply chain is being disrupted

How Canada’s fragile food supply chain is being disrupted

Employees restock shelves at Fiesta Farms independent grocery in Toronto on Jan. 20. The Omicron variant has resulted in grocers reporting labor shortages of up to 20 per cent at larger chains, and 25 to 30 per cent at independent grocers.Christopher Katsarov/The Globe and Mail Thinly stocked produce shelves. Handwritten signs apologizing for empty freezer … Read more