QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the Federal Reserve leaving interest rates unchanged on Making Money.
The Federal Reserve’s preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank’s target level amid its ongoing efforts to wrestle down inflation.
The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index was up 0.3% from the prior month and 2.6% on an annual basis. Those figures were in line with the estimates of economists polled by LSEG.
Core PCE, which excludes volatile food and energy prices, rose 0.2% for the month and increased 2.8% from a year ago, in line with estimates.
Federal Reserve policymakers are focusing on the PCE headline figure as they try to slow the pace of price increases to their target of 2%, though they view core data as a better indicator of inflation. Headline PCE ticked higher from an annual rate of 2.4% in November to 2.6% last month, while core PCE has been at 2.8% for three consecutive months.
Headline PCE showed prices for goods were flat in December, while prices for services rose by 3.8% from a year ago. Food prices were up 1.6% last month when compared with a year ago, while energy prices were down 1.1% during that period.
Wages and salaries were up 0.4% in December compared with the prior month – a slight deceleration after October and November both saw wage and salary growth of 0.5% in those months.
The personal savings rate as a percentage of disposable income was 3.8% in December. That metric declined from 4.3% in October to 4.1% in November and had been nearly 5% last spring.
This is a developing story. Please check back for updates.
The Federal Reserve’s favorite inflation gauge, the personal consumption expenditures (PCE) index, showed that price growth picked up in December. This could have implications for the Fed’s future monetary policy decisions.
The PCE index rose by 0.4% in December, slightly higher than the 0.3% increase in November. On an annual basis, the index increased by 5.8%, marking the largest year-over-year gain since 1982.
The increase in inflation was driven by higher prices for goods and services, including food, energy, and housing. This could signal that inflationary pressures are building in the economy, which may prompt the Fed to consider raising interest rates sooner than expected.
However, it’s important to note that the Fed has repeatedly stated that it expects inflation to be transitory and will not require immediate action. The central bank has indicated that it will continue to monitor economic data closely before making any decisions on interest rates.
Overall, the latest data on inflation from the PCE index is a reminder that price pressures are still present in the economy. It will be interesting to see how the Fed responds to this latest information in the coming months.
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#Feds #favorite #Inflation #gauge #showed #price #growth #picked #December
Key events
European stock markets have moved in lockstep at the opening bell on Friday morning.
Here are the opening snaps via Reuters:
EUROPE’S STOXX 600 UP 0.2%
BRITAIN’S FTSE 100 UP 0.2%; GERMANY’S DAX UP 0.1%
FRANCE’S CAC 40 UP 0.2%; SPAIN’S IBEX UP 0.2%
EURO STOXX INDEX UP 0.2%; EURO ZONE BLUE CHIPS UP 0.2%
Good morning, and welcome to our live coverage of business, economics and financial markets.
Canada and Mexico are bracing for the impact of 25% US tariffs after Donald Trump said they would be imposed on Saturday.
Trump blamed the countries for his decision to impose tariffs. Both have a close trading relationship with the US, partly because of North American free trade deals, including the one he passed in 2020. Bloomberg News reported that he said:
We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.
The Canadian dollar fell 0.4% during Asian market trading on Friday, while the Mexican peso slumped by 0.6% against the US dollar.
Oil prices also rose. The price for futures of West Texas Intermediate, the North American oil benchmark, rose by 0.6% to $73.17 per barrel, while prices for Brent crude futures, the North Sea benchmark, rose by 0.3%. Trump has not said whether Canadian oil will be subject to tariffs, although that would run counter to his hopes for lower oil prices.
Bob Savage, head of markets strategy and insights at BNY, a US investment bank, said that the emergence of the DeepSeek AI competition earlier this month and Trump’s tariff threats could puncture the buoyant mood on financial markets. The combination could be an “inflection point” in the mood among investors.
Our data show that investors are getting used to Trump’s policy shifts and rhetoric. Fear of a meaningful change in immigration policy, tariffs and spending has not been borne out.
However, Savage warned that “investing requires greater clarity about the scope, size and reach of Trump’s tariffs”. He wrote:
Our mood index, which captures equity buying against bill selling, remains extremely positive but with peaks this week, suggesting significant downside risks for the month ahead.
Mohit Kumar, who covers global economics at Jefferies, a US investment bank, said:
It is possible that Trump goes ahead with the 25% announcement for Mexico and Canada, which would be market negative. However, we still view tariffs as a negotiating tool and even if Trump does go ahead with the tariffs, it will be followed by a period of intense negotiations and eventually a portion of tariffs will be pulled back. But come Monday morning, there is a possibility of market volatility around tariff news.
The price of an average UK home rose by 4.1% year-on-year in January, a “modest slowing” compared with December, according to Nationwide, the UK’s largest building society.
House prices increased by 0.1% month on month, after taking account of seasonal effects. That leaves the average price at £268,213, according to the transactions Nationwide tracked.
Robert Gardner, Nationwide’s chief economist, said:
The housing market continues to show resilience despite ongoing affordability pressures.
While there has been a modest improvement over the last year, affordability remains stretched by historic standards. A prospective buyer earning the average UK income and buying a typical first-time buyer property with a 20% deposit would have a monthly mortgage payment equivalent to 36% of their take-home pay – well above the long-run average of 30%.
8:55am GMT: Germany unemployment rate (January; previous: 6.1%; consensus: 6.2%)
9am GMT: European Central Bank survey of forecasters
1pm GMT: Germany inflation rate (January; prev.: 2.6%; cons.: 2.6%)
1:30pm GMT: US core personal consumption expenditure inflation rate (December; prev.: 0.1%; cons.: 0.2%)
On Saturday, Canada and Mexico are preparing for potential tariffs imposed by the Trump administration as trade tensions continue to escalate. The two countries are bracing for the impact on their economies and industries, with fears of increased costs and disrupted supply chains.
Meanwhile, in the UK, house price growth has slowed as uncertainty surrounding Brexit and potential interest rate hikes weigh on the housing market. This slowdown in growth could have implications for the overall economy and consumer confidence.
Follow along for more updates on these developments and their potential impact on businesses and economies worldwide. Stay informed with our live business coverage. #Canada #Mexico #TrumpTariffs #UKHousePrices #BusinessLive.
Tags:
Canada, Mexico, Trump tariffs, UK house price, business live, economy, trade, international relations, market trends, global economy
#Canada #Mexico #brace #Trump #tariffs #Saturday #house #price #growth #slows #business #live #Business
Apple’s focus on integrating AI into its ecosystem has led the company to continued success, according to GuruFocus. While there could be some regulatory challenges ahead, Apple’s strategic moves are fueling investor confidence, and shares remain strong as a result.
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International Business Machines Corporation (IBM) is one of the world’s leading computer services companies. Net sales break down by activity as follows:
– cognitive solutions and transaction processing software development (42.5%);
– IT services (32.3%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;
– sale of IT infrastructure (23.6%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;
– financing of computer equipment (1.2%);
– other (0.4%).
Net sales are distributed geographically as follows: the United States (40.9%), Americas (10.3%), Europe/Middle East/Africa (29.9%) and Asia/Pacific (18.9%).
BofA Securities Adjusts Price Target on International Business Machines to $270 From $260, Keeps Buy Rating – January 30, 2025 at 10:19 am EST
In a recent update, BofA Securities has adjusted its price target on International Business Machines (IBM) from $260 to $270 while maintaining its Buy rating on the stock. This update comes amidst positive developments and strong performance from IBM in the market.
The revised price target reflects BofA Securities’ confidence in IBM’s growth potential and its ability to deliver value to investors. The Buy rating reaffirms the firm’s belief that IBM is well-positioned for success in the ever-evolving technology landscape.
Investors and analysts alike will be closely watching IBM’s performance in the coming months to see if it can meet or exceed BofA Securities’ expectations. With a higher price target and a Buy rating in place, IBM may be on track for continued success in the market.
Stay tuned for more updates on IBM and its performance as it continues to navigate the challenges and opportunities in the tech industry.
Tags:
BofA Securities, International Business Machines, IBM stock, price target adjustment, buy rating, stock market news, January 30 2025, investment analysis, financial updates, stock price forecast
#BofA #Securities #Adjusts #Price #Target #International #Business #Machines #Buy #Rating #January #EST
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5-day change | 1st Jan Change | ||
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261.30 USD |
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+14.89% | +18.13% |
January 30, 2025 at 06:41 am EST
© MT Newswires – 2025
International Business Machines Corporation (IBM) is one of the world’s leading computer services companies. Net sales break down by activity as follows:
– cognitive solutions and transaction processing software development (42.5%);
– IT services (32.3%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;
– sale of IT infrastructure (23.6%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;
– financing of computer equipment (1.2%);
– other (0.4%).
Net sales are distributed geographically as follows: the United States (40.9%), Americas (10.3%), Europe/Middle East/Africa (29.9%) and Asia/Pacific (18.9%).
Buy
Last Close Price
228.63USD
Average target price
229.80USD
Spread / Average Target
+0.51%
Stifel Adjusts Price Target on International Business Machines to $271 From $246, Maintains Buy Rating -January 30, 2025 at 06:41 am EST
Stifel, a leading global investment bank, has adjusted its price target on International Business Machines (IBM) to $271 from $246 while maintaining its Buy rating on the stock. The updated price target reflects Stifel’s positive outlook on IBM’s future performance and growth potential.
IBM, a multinational technology company known for its hardware, software, and services offerings, has been experiencing steady growth and innovation in recent years. Stifel’s decision to raise the price target is a testament to the company’s strong fundamentals and strategic direction.
Investors interested in IBM should take note of this updated price target and consider the Buy rating from Stifel as a positive indicator of the company’s prospects. As always, it’s important to conduct thorough research and analysis before making any investment decisions.
Tags:
Stifel, International Business Machines, Price Target Adjustment, Buy Rating, Stock Market News, Investment Analysis, January 30 2025, Stifel Analyst Report, IBM Stock Price, Financial Forecasting
#Stifel #Adjusts #Price #Target #International #Business #Machines #Maintains #Buy #Rating #January #EST
Ocean County saw the average price of a home sold there hit $572,000 last year, according to data from the New Jersey Division of Taxation, as a steady stream of buyers shrugged off higher mortgage rates, only to find fewer choices in the market.
The price marked an 11.4% increase from 2023 and threatened to stretch the budgets of buyers who not long ago found Ocean County a reliable source of affordable housing. The average price in 2019, the year before the pandemic, was $365,158, the state data shows. That is an increase of 56.6% since 2019.
“On the sales end, I don’t really see it abating,” said John R. McDonough, owner and broker of Ocean Beach Sales & Rentals on the barrier island in Toms River. “We get a listing in and if it’s not crazily priced, it’s going to sell in a week or two.”
Ocean County’s home prices have risen steadily since the pandemic began, spurring people to leave densely populated New York and northern New Jersey for more safety, taking advantage of mortgage rates of less than 3% and technology that allowed them to work and go to school remotely.
Jersey Shore real estate market 2025:When will buyers catch a break?
Need a break? Play the USA TODAY Daily Crossword Puzzle.
Homeowners who bought or refinanced when rates are low have been more likely to stay put now that mortgage rates have climbed above 6%, cutting into inventory. Ocean County’s sales of 7,149 in 2024 were down 17% from 2023 and 47% from 2021, the data shows.
As a result, Ocean County had the ninth-highest average home price out of the state’s 21 counties last year. Before the pandemic, it ranked 11th.
What about Monmouth?Monmouth County average home price second highest in NJ: See which towns rose the fastest
Income isn’t keeping pace. Homes are considered unaffordable if the monthly payment takes up more than 30% of a household’s income. Last August, an Ocean County household with a median income of $87,863 would need to spend 58% of their income to afford a median-priced home, according to the Federal Reserve Bank of Atlanta.
(Average prices used by the state can be skewed by, say, multimillion-dollar homes that are sold. Median prices mean half are more and half are less.)
Some towns, once considered affordable, have seen prices spike. In Brick, for example, the average price climbed from $337,449 in 2019 to $571,500 last year, or 69%, thanks in part to buyers willing to commute to higher-paying jobs in northern New Jersey and New York, said Linda Riddle, a real estate agent with Keller Williams Preferred Properties in Berkeley.
But the Ocean County housing market also is getting a lift from oceanside towns, where bungalows have been replaced by million-dollar townhouses since Superstorm Sandy hit more than a decade ago, said Barbara Montone, an agent with Crossroads Realty in Lavallette.
Not afraid to build big:Twelve years after Sandy walloped Mantoloking, see the bigger, pricier homes built there
They are attracting buyers who are using them as vacation homes and can either pay cash or aren’t fazed by high mortgage rates.
“Prices are not going down,” Montone said.
Here are the top 10 Ocean County towns with the biggest increases in average home sales prices in 2024:
New real estate commission rules:What should buyers, sellers do to save money?
Here are the rest of the towns. In some smaller towns, the percentages can be skewed if just a few homes sold during the year:
Michael L. Diamond is a business reporter for the Asbury Park Press. He has been writing about the New Jersey economy and health care industry since 1999. He can be reached at mdiamond@gannettnj.com.
In the wake of the COVID-19 pandemic, the real estate market in Ocean County has experienced a significant surge, with the average home price skyrocketing by 57%. This unprecedented increase has left both buyers and sellers in awe, as the demand for homes in this coastal region continues to rise.
With more people looking to escape crowded cities and embrace a more relaxed lifestyle, Ocean County has become a hotspot for those seeking a change of scenery. The picturesque beaches, charming towns, and strong sense of community have all contributed to the area’s newfound popularity.
As a result, home prices have reached record highs, making it a seller’s market like never before. Buyers are facing stiff competition and bidding wars, driving prices even higher. However, for those willing to invest in this booming market, the potential for long-term growth and appreciation is undeniable.
Whether you’re looking to buy or sell a home in Ocean County, now is the time to make a move. With prices on the rise and no signs of slowing down, the time to act is now. Don’t miss out on the opportunity to own a piece of this vibrant and thriving community.
Tags:
#Ocean #County #average #home #price #COVID
THE family of Erik and Lyle Menendez have had enough.
It’s been 35 long years since the brothers were arrested for gunning down their parents amid accusations of sickening sexual abuse at the hands of their father.
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Yet in an exclusive interview with The U.S. Sun, the brothers’ cousin admitted the family would pay even the price of being dragged back into court again to get them home.
Anamaria Baralt hopes to see a change after she claims the brothers were “mocked” in previous trials for alleging their dad was guilty of abuse.
The harrowing murder was headline news back in 1989 and has dramatically been revived in the public eye following two recent Netflix series about the killings.
Lyle, now 56, and Erik, 53, have been locked away for life, with no chance of parole, after brutally killing their parents, Kitty and Jose Menendez, in their swanky Beverly Hills mansion on that fateful August day.
After years of campaigning, having served over three decades behind bars in San Diego, and with their family pleading for their release, the brothers are said to be “cautiously optimistic” about the future.
A resentencing hearing initially slated for the end of January has now been pushed back until March with the California wildfires holding proceedings up.
While the delay was unavoidable, the family hope it will allow the authorities to complete a “deep dive” on everything pertaining to the case.
Lyle and Erik, caged for so long, can take another few weeks before learning their fate.
Many different outcomes are on the table when their hearing finally occurs.
They could be released immediately, forced to go before the parole board and relive the nightmare – which could take months and be “traumatic” for the family as old wounds would be reopened – or even be denied their freedom entirely.
A separate petition includes bombshell evidence unearthed by indefatigable investigative journalist Robert Rand in which a former boy band member accuses Jose, a former RCA executive, of sexual abuse.
It has been on the table for two years.
The pressure on new Los Angeles District Attorney Nathan Hochman to deliver an acceptable outcome is growing with the spotlight burning bright.
But for cousin Anamaria and most of her family, the time is now to finally release their loved ones finally.
In an emotional interview with The U.S. Sun, Anamaria’s eyes began to well up when talking about the surge of interest and reaction in one of the most infamous murder cases of all time.
The Washington state-based yoga instructor has lived with the pain of seeing her cousins jailed and vilified for almost four decades and, before opening her heart to The U.S. Sun last year, had never spoken publicly about her – and her family’s – indescribable pain.
“We don’t love the global spotlight,” she said before taking to the stage in Washington DC last week to take part in a talk about the case with Rand.
“But at the same time, we are grateful for it because, hopefully, it will help us get them back.”
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Anamaria was able to cast her mind back to the two trials in 1994 and 1996 – the first one was a mistrial and the second, coming just days after the stunning OJ Simpson verdict – and shudders.
With people less open about mental health struggles and sexual abuse, she says the boys’ pleas fell on deaf ears.
“The feeling of injustice was inescapable. They were mocked openly by the prosecutors in the trial,” she said, “that just wouldn’t happen today.”
She speaks with authority because the messages of support for her two cousins have sometimes left her totally floored.
Erik and Lyle Menendez’s case dates back more than three decades since their parents were found shot to death at their Beverly Hills mansion.
Below is a timeline of the brothers’ case, starting at the gruesome crime scene:
August 20, 1989 – José and Kitty Menendez are found dead from multiple shotgun wounds.
March 8, 1990 – Lyle is arrested outside his parents’ Beverly Hills mansion.
March 11, 1990 – Erik surrenders to police after flying back into Los Angeles from Israel.
December 1992 – Murder charges against the brothers are officially filed.
July 20, 1993 – The murder trial, highly publicized on Court TV, begins in Los Angeles with Erik and Lyle each having a separate jury.
January 28, 1994 – The first trial ends with two deadlocked juries.
October 11, 1995 – Lyle and Erik’s second trial begins with one jury.
March 20, 1996 – The Menendez brothers are convicted of two counts of first-degree murder and conspiracy to commit murder.
July 2, 1996 – Lyle and Erik are sentenced to life in prison without the possibility of parole and sent to separate prisons.
February 22, 2018 – Lyle is transferred to the San Diego prison, where Erik is held.
April 4, 2018 – Lyle was moved into the same housing unit as Erik – the first time the brothers were reunited in over 20 years.
May 2023 – Lyle and Erik’s attorney files a habeas corpus petition after Roy Rosselló, a member of the Puerto Rican boy band Menudo, made sexual abuse allegations against Jose Menendez in a Peacock docuseries.
September 19, 2024 – Monsters: The Lyle and Erik Menendez Story releases on Netflix.
October 3, 2024 – Los Angeles District Attorney George Gascón says his office is reviewing new evidence in connection with Lyle and Erik’s convictions.
October 7, 2024 – The Menendez Brothers documentary film comes out on Netflix.
October 16, 2024 – Family members of the Menendez brothers hold a press conference begging for the siblings to be released from prison.
October 24, 2024 – Los Angeles County District Attorney George Gascón recommends the brothers be resentenced.
November 25, 2024 – The Menendez brothers appear in court for a status hearing to learn their resentencing hearing is pushed back from December 11 to allow new DA Nathan Hochman more time to review the case.
January 30-31, 2025 – Erik and Lyle are set to go before a judge in a scheduled hearing.
Naturally, in this often toxic age of social media, there have been a few jibes, people messaging that Erik and Lyle are getting their just desserts.
“There have been some hurtful messages,” she said.
But, in the main, Anamaria has been hit with an emotional, “touching” barrage of support, mostly from people who have also suffered their sexual abuse nightmares yet have been too scared to speak up – until now.
“I’ve had so many men reach out to tell me that it feels like we are fighting for them, too,” she admitted with a tear in her eye. “I can’t even begin to express what that feels like.”
“Resentencing is designed for people like them who have done the work and changed their lives.
Anamaria Baralt, the cousin of Erik and Lyle Menendez
Emotions also ran high when she talked about her beloved mother, Terri, and Aunt Joan.
Both ladies, 85 and 93 years old respectively, are fighting their own health battles.
Anamaria and the rest of her family pray that the boys are freed to see them before it’s too late.
“It would mean everything for my mother to hug them,” she said.
A 2023 documentary has blown the lid off the controversial Menendez case, spotlighting the jaw-dropping work of Rand, whose findings back the brothers’ claims that they killed their parents in self-defense after enduring years of alleged sexual abuse.
Adding fuel to the fire, explosive testimony from former Menudo star Roy Rosselló and a chilling letter Erik wrote months before the murders to his late cousin Andy Cano have surfaced as crucial evidence.
The Menendez legal team handed it to the DA’s office two years ago, yet progress has been slow.
“We wanted an expedited timeline but that’s just what we’ve had to deal with,” said Anamaria.
Ex-Republican-turned-Independent Hochman says he feels for the brothers but isn’t buying everything their lawyer, Mark Geragos, is selling.
Hochman slammed Geragos’ claims that they didn’t get a fair shake in court as “too simplistic” for such a high-profile case.
“Knowing the Geragos narrative is wrong, the issues that we’ll be looking at for the trial will be whether or not these two young men faced an immediate threat to their life,” Hochman, who has admitted he’s combing through “dozens” of confidential files ahead of the March hearings, told Deadline.
The brother’s extended family, however, wants them out now.
Anamaria admitted they were “grateful” to sit down with Hochman for three hours at the back end of 2024 and were able to “communicate to him about their rehabilitation process and their journeys.”
Erik and Lyle have been trumpeted as perfect prisoners, going above and beyond to help others in jail.
They have, says Anamaria, been designing programs over the years “without any help of release” to help vulnerable young offenders to help make a “real change.”
She describes both boys as “joyous people” with a “real lightheartedness about them.”
“I’m a believer in redemption. Resentencing is designed for people like them who have done the work and changed their lives,” said their cousin.
“The amount of personal growth is stunning. I hope that’s what matters at the end of the day.”
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The Menendez brothers, Lyle and Erik, have spent 35 years behind bars for the murder of their parents, Jose and Kitty Menendez. However, their cousin, Diana Enriquez, believes that they have been living with injustice all this time after enduring years of abuse that was “mocked” by their parents.
Enriquez has vowed to do whatever it takes to free her cousins, even if it means paying any price. She believes that the brothers were driven to their actions by the trauma they experienced at the hands of their parents, and that they deserve a second chance at life outside of prison.
The Menendez case has long been a controversial and debated one, with many arguing that the brothers were unfairly sentenced and should be granted a new trial. Enriquez’s passionate plea for justice for Lyle and Erik has reignited the conversation surrounding their case, and she is determined to see them receive the freedom she believes they deserve.
As the fight for the Menendez brothers’ freedom continues, their cousin’s unwavering support and determination serve as a beacon of hope for those who believe in their innocence.
Tags:
Menendez brothers, abuse, injustice, family tragedy, murder trial, wrongful conviction, justice denied, freeing the innocent, family support, legal battle, criminal justice system, true crime story
#Menendez #brothers #lived #injustice #years #abuse #mocked #pay #price #free #cousin
Fisher Price Sensory Bright Spinnyscopes for Ages 3+ – NEW
Price : 16.99 – 8.50
Ends on : N/A
View on eBay
Introducing the Fisher Price Sensory Bright Spinnyscopes – the perfect toy for children ages 3 and up! These fun and colorful Spinnyscopes are designed to stimulate your child’s senses and encourage hours of imaginative play.
With bright colors, spinning action, and various textures, the Sensory Bright Spinnyscopes are sure to captivate your child’s attention and keep them entertained for hours on end. The spinning motion helps to develop hand-eye coordination and fine motor skills, while the different textures provide tactile stimulation.
Perfect for both solo play and interactive play with friends or siblings, the Fisher Price Sensory Bright Spinnyscopes are a must-have addition to any child’s toy collection. So why wait? Get your hands on these exciting new toys today and watch your child’s creativity and imagination flourish!
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Slammers Surprise Arctic Sled & Mystery Figure Fisher Price
Price : 18.00 – 13.50
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Attention all Fisher Price fans! Are you ready for a wild ride with Slammers Surprise Arctic Sled and Mystery Figure? This exciting new toy set is sure to thrill kids of all ages.
The Arctic Sled features a sleek design and smooth wheels for fast-paced action on any surface. But the real excitement comes with the Mystery Figure included in the set. Who will you unwrap? It could be a penguin, a polar bear, or even a mysterious arctic explorer. The possibilities are endless!
Get ready to embark on thrilling adventures with Slammers Surprise Arctic Sled and Mystery Figure Fisher Price. It’s the perfect gift for any child who loves imaginative play and exciting surprises. Don’t miss out on this must-have toy set!
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In case you haven’t been grocery shopping lately, then you probably aren’t aware of the really, really ridiculously high egg prices.
In some places in the US, it’s over $13 a dozen!!!
Well, the price of eggs isn’t so high everywhere.
Kate_sept2004 / Getty Images
Canadians are sharing the prices of their eggs, and they’re dramatically cheaper:
As this person on Reddit explained, that’s about $2.75 USD a dozen.
FWIW, that checks out on the Walmart Canada website, where the price is the same.
Across social media, Canadians are sharing pics of their eggs.
This person from Montreal shared some eggs that are $2.62 a dozen.
Another person shared some eggs that are about $2.75 a dozen.
A 2023 article from Global News explained that Canada hasn’t been hit as hard by egg price spikes because of its supply management system, which regulates production, imports, and prices to ensure stability.
Karrastock / Getty Images
Canadian farms are smaller and more geographically spread out, which can reduce the risk of widespread issues like bird flu.
D3sign / Getty Images
According to Global News, “The average egg farm in Canada has about 25,000 laying hens. In contrast, the average farm in the U.S. has about two million birds.”
Ezra Bailey / Getty Images
Ultimately, I’m not gonna lie, I was genuinely surprised by the prices in my grocery store the other day.
As this person joked, “Americans soon gotta start driving to Canada for eggs.”
In recent years, Canadians have been shocked by the rising cost of eggs compared to their neighbors to the south in the United States. With prices soaring to nearly double what Americans are paying, many Canadians are left wondering why they are shelling out so much for a basic staple.
The average price for a dozen eggs in Canada is currently around $3.50, while in the US, the same dozen can be found for as low as $1.00. This stark price difference has left many consumers feeling frustrated and perplexed.
Some speculate that the higher cost of eggs in Canada can be attributed to stricter regulations and higher production costs, such as feed, labor, and transportation. Others believe it may be due to a lack of competition in the Canadian egg market, leading to inflated prices.
Regardless of the reasons behind the price disparity, one thing is clear: Canadians are feeling the pinch when it comes to purchasing eggs. Many are now looking for alternative sources or opting for egg substitutes in their cooking and baking.
As the debate over egg prices continues, Canadians are left hoping for some relief at the grocery store checkout. Until then, they will have to make do with paying a premium for their breakfast staple.
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#People #Price #Eggs #Canada #Compared
