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Stock market today: Wall Street points modestly lower to kick off holiday-shortened week

Published Fri, 07 Feb 2025 08:55:38 GMT

Wall Street pointed modestly lower Tuesday in a shortened trading week following the Labor Day holiday.Futures for the Dow Jones industrials were essentially flat andthe S&P 500 dipped a little more than 0.1%.Markets are looking ahead to a quieter week with earnings season winding down and just a trickle of government economic data out this week, including updates on manufacturing, layoffs and trade.On Friday, the S&P 500 rose 0.2%, coming off its first monthly loss since February, as U.S. employment figures suggested the jobs market may be cooling. That fueled hopes that the Federal Reserve might moderate interest rate increases to tamp down inflation. The Labor Department reported Friday that employers added a solid 187,000 jobs in August, an increase from July’s revised gain of 157,000. Hiring moderated: From June through August, the economy added 449,000 jobs, the lowest three-month total in three years.The report also showed the unemployment rate rose to 3.8% from 3.5%....

Canadian home prices forecasted to be flat this fall amid high interest rates: report

Published Fri, 07 Feb 2025 08:55:38 GMT

TORONTO — A new report forecasts Canada’s real estate market will be softer this fall with average home prices predicted to remain flat.In its fall housing market outlook, Re/Max Canada says the forecast comes as the housing market deals with high interest rates and a lack of homes for sale.According to an online survey, the report says 33 per cent of Canadians who are interested in buying and/or selling a home in the next 12 months will wait and see how interest rate changes play out before buying. Mortgage rates have risen sharply as the Bank of Canada has raised interest rates in an effort to bring inflation under control and back to its target of two per cent.Bucking the overall trend, Re/Max says there are a few outliers where home prices are expected to increase, including larger markets such as the Greater Toronto Area, Calgary and Sudbury, Ont.The online survey of 1,517 Canadians was done by Leger between July 21 and 23.The poll cannot be assigned a margin of error bec...

27 Metro grocery stores reopening today for first time in over a month

Published Fri, 07 Feb 2025 08:55:38 GMT

More than two dozen Metro stores that were shut down due to a workers’ strike are reopening on Tuesday for the first time in over a month.Union members approved a tentative agreement on Thursday, putting an end to the job action. Despite this, the company said the shuttered locations were not be ready to reopen last week since they were in need of major restocking.More than 3,700 workers at 27 locations were off the job since July 29. The closed stores were located almost entirely in the GTA (full list below).A new five-year deal means workers will get an immediate raise of $1.50 an hour, with full-time and senior part-time workers getting an additional $0.50 raise in January, bringing their total pay increase over the coming months to $2 an hour.The workers, represented by Unifor, voted to ratify the deal just two days after Metro was granted a temporary injunction restricting secondary picket lines that blocked fresh product deliveries to its stores.A list of Metro locations...

It’s time to celebrate annuals, the type of loyal friend every gardener can use

Published Fri, 07 Feb 2025 08:55:38 GMT

Summer annuals are the champions of the late-season garden.Perennials are the majority residents in my flower gardens, and each year, I welcome the reliable, repeat performers when they arrive to spend summer like a dear, old friend who comes to visit. Most bloom intermittently from late spring through August, but as I flip my calendar to September, it’s apparent that many of them have one foot out the door.However, the annuals that share their beds don’t care that Halloween decorations are showing up in the stores or that pumpkin spice lattes are back. They’re still showing up every day like it’s mid-July.I didn’t always plant annuals in the ground, instead relegating a few seasonal purchases of petunias, impatiens and calibrachoas to hanging baskets and window boxes. But I always regretted that decision when the shoulder season between summer and fall crept in. This year, the annual Beacon impatiens, Superbena verbenas and Queen Lime zinnias I planted in spring are carrying the la...

Indonesia president holds meeting with Prime Minister Justin Trudeau to discuss trade

Published Fri, 07 Feb 2025 08:55:38 GMT

JAKARTA — Prime Minister Justin Trudeau met with Indonesian President Joko Widodo where the two leaders discussed trade and their growing partnership. Trudeau was welcomed officially to the president’s palace where he was greeted by the Indonesian military’s marching band. Indonesia is hosting the Association of Southeast Asian Nations, as the 10-nation bloc prepares to make Ottawa its latest strategic partner. Widodo left an event at the summit on Tuesday to personally greet Trudeau in Jakarta. Before their bilateral meeting took place, Trudeau gifted Widodo with a Team Canada Basketball jersey with his nickname, Jokowi, on it, alongside the number seven, which signifies Widodo being the seventh president of Indonesia. Trade Minister Mary Ng and Canada’s Envoy to the Indo-Pacific region also joined Trudeau. This report by The Canadian Press was first published Sept. 5, 2023. The Canadian Press

What Kleenex can teach us about Canadian prosperity

Published Fri, 07 Feb 2025 08:55:38 GMT

In today’s Big Story Podcast, the brand synonymous with facial tissue is being pulled from the Canadian market, as its manufacturer cites challenges in the space. And Kleenex isn’t the first big-name brand to exit Canada while succeeding in other markets.When you look deeper at how Canada encourages competition and innovation, you can see threads that go beyond facial tissue, salty snacks or name-brand frozen pizza.Walid Hejazi is a professor of Economic Analysis and Policy at the Rotman School of Management, and the co-author of Everybody’s Business. He said there are a lot of factors at play, one of which is that we lack competition in parts of our economy.“One of the big challenges in Canada is because the [telecom, air transportation and finance] sectors are oligopolies, they’re heavily restricted from competition. What ends up happening is the cost, the price that we pay for internet and cell phones, for financial services, for air transportation, they&#...

Man dead, woman critical after being pulled from Lake Michigan

Published Fri, 07 Feb 2025 08:55:38 GMT

CHICAGO — One person is dead and a second person is in critical condition after being pulled from Lake Michigan in two separate incidents.Around 10:30 p.m. Monday, officers responded to a person in the water after a witness observed multiple people jumping into the lake on the 5000 block of South Lake Shore Drive. A 27-year-old man did not resurface. The Chicago Police Department Marine Unit responded and recovered the man who was transported to the University of Chicago Medical Center in critical condition. He was later prononced dead.Area One detectives are investigating. ‘It seemed to be the only choice’: Suspect allegedly leaves note inside victim’s car after violent attack Around 2:30 a.m. Tuesday, police said witnesses saw a woman walking with a man near Montrose Harbor and then heard cries for help a short time later.Rescue teams were able to pull her out of the water. Police describe her condition as very critical.No word yet on how exactly the woman ended up in the water.

4 shot on Chicago's West Side

Published Fri, 07 Feb 2025 08:55:38 GMT

CHICAGO — Four people were shot following an argument on the city's West Side.The shooting happened around 1:36 a.m. Tuesday on the 4700 block of West Gladys. Police said a group of people were in a verbal altercation with another group when an unknown person fired shots in the direction of the group.A 19-year-old woman was shot in the right buttocks and transported to Mount Sinai Hospital in good condition. A 20-year-old man was shot in the left arm and groin area, and was transported to Mount Sinai Hospital in good condition. Man dead, woman critical after being pulled from Lake Michigan An 18-year-old man was shot in the right shin and transported to Stroger Hospital in good condition. Another 18-year-old man sustained a graze wound to the left shoulder and refused medical attention.No one is in custody. Area Four Detectives are investigating.

Dean's A-List Interview: Comedian Iliza Shlesinger

Published Fri, 07 Feb 2025 08:55:38 GMT

CHICAGO — After spending some time in New Zealand, a versatile actor, comedian, and author is bringing her show to Chicago at the beginning of September.Iliza Shlesinger is bringing her "Hard Feelings" tour to the city on Friday, September 8 as she performs at the Chicago Theatre. Before the show, she joined Dean Richards over Zoom to talk about the tour & her life at the moment on "Dean's A-List Interview" on Tuesday's WGN Morning News.She talks about why she's stayed in New Zealand recently and what her family enjoys the most about visiting Chicago. You can see Dean's interview with Iliza from the September 5 show in the video above or below.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

Texas' new patient safety law takes effect, sort of

Published Fri, 07 Feb 2025 08:55:38 GMT

Editor's Note: The above video shows KXAN's top headlines for Sept. 5. Watch Matt Grant's investigation tonight at 10 on KXAN.AUSTIN (KXAN) -- Five months after KXAN took the findings of our investigation into the Texas Medical Board straight to lawmakers, a major new law is now in effect aimed at protecting patients and saving lives. However, patients wanting to research their doctors ahead of time still have to wait another two years to see greater transparency, our ongoing investigation found."The serious issues that were uncovered in your original investigative reporting made it very, very, very clear that patients were at risk," said Dallas medical malpractice attorney Kay Van Wey. "Texas patients will suffer while the Texas Medical Board is taking its sweet time implementing the new law."The new law, which reforms the Texas Medical Board, or TMB, took effect Sept. 1.How we got hereHouse Bill 1998 passed the legislature this past session with overwhelming bipartisan support. It...