Dollarama sales surge over 20% amid ‘weakening’ consumer confidence
The Montreal-based retail giant also said it may need to change its sales outlook if the Iran war drags on for the long term and results in higher operational costs.
#Canada #Consumer #CostofLiving #Dollarama
https://globalnews.ca/news/11900366/dollarama-earnings-consumers-june/
Dollarama sales surge over 20% amid ‘weakening’ consumer confidence
The Montreal-based retail giant also said it may need to change its sales outlook if the Iran war drags on for the long term and results in higher operational costs.
#Canada #Consumer #CostofLiving #Dollarama
https://globalnews.ca/news/11900366/dollarama-earnings-consumers-june/
Help wanted: The oilpatch will need 72,000 workers over the next decade
The plethora of hiring opportunities in the oil and gas sector comes at a time when the national economy is struggling and there is uncertainty in some industries because of the impacts of tariffs and artificial intelligence.
https://www.cbc.ca/news/canada/calgary/bakx-careers-in-energy-sidhu-oilpatch-alberta-9.7230589?cmp=rss
Jeff Bezos claims AI will usher in a new era of productivity. But productivity is not the question. The real issue is: for whom, and toward what purpose? Is AI-driven productivity intended to raise living standards—or to concentrate value and expand data extraction? #AI #Economy #tech
Yesterday, Trump threatened Iran w/return to war & Dow tanks 950+pts. Today, he calls off bombing & the Dow is already up 731pts. Nice for investors, maybe, but Dow isn't the #economy. It's just Epstein class. Rest of us still paying big $ at the pump & check out. Got it.

Yesterday, Trump threatened Iran w/return to war & Dow tanks 950+pts.

Today, he calls off bombing & the Dow is already up 731pts.

Nice for investors, maybe, but Dow isn't the #economy. It's just Epstein class.

Rest of us still paying big $ at the pump & check out.

Got it.

Long-term mortgage rate hits 6.52%, just below its high this year

Despite the increase, the average rate remains below 6.84%, where it was a year ago.

Fast Company

President Trump expressed support for rising inflation, citing higher energy costs linked to the Iran conflict as temporary. He claimed U.S. forces are moving millions of barrels of Iranian oil through the Strait of Hormuz, suggesting inflation will decrease once the conflict ends.

#economy