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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Food Prices Expected to Rise 3-5% in 2025

 

A newly released report predicts that food prices in Canada will increase by 3% to 5% in 2025. The report, a collaborative effort by researchers from Dalhousie University, the University of Guelph, the University of Saskatchewan, and the University of British Columbia, forecasts that the average Canadian family of four will spend $16,833.67 on food next year, an increase of up to $801.56 from 2024.

The report attributes the rise in food prices to several factors, including climate change, geopolitical conflicts, energy costs, and the weakening Canadian dollar. Meat prices are expected to rise between 4% and 6% due to prolonged droughts affecting cattle production. Vegetable prices are also anticipated to increase faster than other categories due to the lower buying power of Canadian food importers.

Despite the projected increase, the report notes that the rate of food price growth has moderated compared to the double-digit increases experienced during the COVID-19 pandemic. Researchers remain cautiously optimistic, hoping for a flattening out of food price increases in the coming year.



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