Technical briefing ahead of G7 summit
Calgary Watch
Finance leaders and central bank governors will be meeting in Kananaskis Tuesday ahead of June's G7 summit.
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Grocery store with almost entirely Canadian inventory encouraging shoppers to buy local
A photo showing the storefront of a new grocery store in Perth, Ont. on Friday, June 13, 2025. (CTV News Ottawa/ Dylan Dyson) A brand-new grocery store in Perth, Ont. has opened with an almost entirely Canadian inventory. The Perth General Store opened on June 7, offering more than 50 Canadian brands for sale, with at least one item from each province and territory. 'We have everywhere from Saskatchewan to Whitehorse and we're going to continue to grow,' said co-owner Megan Adams. 'For us right now, especially with the way the world is, it was really important for us to just stay true to our roots,' she said about her all-Canadian selection. 'And as I started researching Canadian brands, I just got more and more inspired, like, there's some really cool brands out there.' The opportunity to shop local products appeals to many shoppers, who say they are still cognizant of buying Canadian and staying away from American products. 'I definitely would say it's heightened due to politics at the moment,' said Alyson Colon, who stopped in to browse the Perth General Store. 'Particularly with produce I notice it the most. So, I am paying attention to where things are being grown and where they're coming from for sure.' New numbers from Nielsen IQ show Canadians are putting their money where their mouth is, as the sale of Canadian food products increased at the beginning of 2025, while the sale of American food products dropped, compared to the same time last year. Sylvain Charlebois, senior director at the Agri-Food Analytics Lab, says those numbers correlate to the time when the tariff war between Canada and the United States was at its peak. 'When you look at 'made in the U.S.', food products sales were down since February 8.5 per cent, and that is huge in food retail in just a few months,' Charlebois told CTV News Ottawa. 'I would say that this boycott against American products actually did work… When people walked into the grocery store, they basically hated America more than they actually liked Canada.' And retailers and consumers say they are willing to pay the price if it means avoiding American products. 'Where things might appear a little bit more expensive than something that's mass produced in the States, folks are willing to invest and they know that the quality will be there too,' said Adams. 'Is just the juice worth the squeeze?' asked shopper Justin Machan. 'If it's comparable for sure. We're not going to go 30 per cent more to pay for a Canadian product, obviously. That's just crazy. But I mean, overall if we can get it comparable, we'll take it.' 'People are spending basically the same amount of money, then six months ago,' notes Charlebois. 'So, when you have a consumer spending the same amount, it's just about it's about shifting budgets and shifting purchases essentially from one destination to another.'
CTV News
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Timmins Police reveal crime stats for the first four months of 2025
The Timmins Police Service has an online reporting tool that's been running for about a year and a half. Officials said it's helped business owners report crime. 'We're getting more crimes that are being reported to police,' said deputy chief Darren Dinel. 'One of the online crime reporting requirements are lower-end crimes, shoplifting being one of those crimes, so that crime is reported more often on our online portion.' A total of 193 shoplifting incidents were reported to police from January to April this year, compared to 160 for the same period last year. Closer look 'So we'll have to look at that in taking a closer look to see exactly what's taking place,' said Dinel. Calls for service about fraud are also up by 25 per cent for the first four months of the year. 'I can't speak to the exact pieces of the fraud, but again, that's a crime that we're noticing that is being reported more often,' said Dinel. One category that has seen a drop is violent crime, by about 14 per cent. Dinel attributes that to a higher police presence in the field. He said officers have new technology in their vehicles that allows them to work remotely, thereby maintaining a presence in the public eye. In terms of staffing, as of June 9, Dinel said the Timmins Police Service has 89 officers and is working up to a full complement of 96.
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Why American Express Stock Flopped on Friday
Sturdy payment card mainstay American Express 's (NYSE: AXP) stock was looking a bit rickety on the last trading day of the week. The company's shares lost more than 3% of their value on Friday following a report in a top financial newspaper regarding the potential defection of an important customer base. By comparison, the S&P 500 index only fell by slightly over 1% that day. Potential instability in stability That morning, The Wall Street Journal published an article stating that some of the largest American retailers are considering how to use stablecoins in their businesses. Stablecoins are cryptocurrencies that are pegged to a fiat currency, such as the dollar, and typically buttressed by cash or relatively liquid securities. Citing unidentified "people familiar with the matter," the newspaper wrote that influential companies in the sector, such as Walmart and Amazon, are even considering whether to issue their own stablecoins. The Journal also flagged sprawling online travel agency Expedia Group as a business exploring such an option. The attraction of payment instruments like stablecoins is that, if implemented well, they could save retailers vast amounts of money in fees. A key source of revenue for card payment companies is the small charges they impose on merchants accepting their cards, hence the negative AmEx investor reaction to the news. A Genius idea How far such efforts go will depend on the fate of the Genius Act, a proposed law making its way through Congress that would erect a regulatory framework for stablecoins. If it successfully makes it through the legislative process and becomes law in some useful form, stablecoins could indeed become a money-saving instrument convenient for U.S. retailers and their customers. Should you invest $1,000 in American Express right now? Before you buy stock in American Express, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and American Express wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor 's total average return is999% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. American Express is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Walmart. The Motley Fool has a disclosure policy.
