00:04:16 EDT Thu 03 Jul 2025
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Globe says empty shelves coming to a Walmart near you

2025-04-28 07:13 ET - In the News

See In the News (C-WMT) Walmart CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that despite U.S. President's deliberate attempts to upend the global economy, stock markets remain surprisingly stable. The Globe's Tim Shufelt writes that the S&P 500 is down by just 6.1 per cent so far this year, while Toronto is flat. This is completely out of sync with how this year has felt. Sentiment indicators allude to widespread misery and lots of investors have been rattled by this year's descent into chaos. The stock market's resilience stands in glaring contrast to the dark forces that lurk barely at bay. Donald Trump has repeatedly proven willing to flirt with disaster until the very last moment. His bonkers "Liberation Day" tariff announcement triggered a panic in markets that came close to spiralling out of control. The S&P 500 lost 9.1 per cent in one week, combined with an alarming drop in Treasury prices and the U.S. dollar. Ultimately, market mayhem forced Mr. Trump to back down. Then there is Mr. Trump's idea of firing Fed chair Jerome Powell and presumably replacing him with an unqualified lacky. Now retailers like Walmart are warning of empty shelves and rising prices. Mr. Trump is the only person who can save us from Donald Trump.

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