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What does the latest interest rate hike mean for your wallet?

Published Wed, 26 Feb 2025 01:50:19 GMT

The Bank of Canada has once again increased its benchmark interest rate, this time by .25 basis points to five percent, amid growing apprehension from a number of financial experts regarding its potential impact on consumers. And their concerns are not unfounded.Let us examine the evidence …Undoubtedly, food and housing constitute the fundamental necessities of life. Pertinent data reveals that the cost of housing exerts a considerable influence on our grocery expenditures. Notably, despite prevailing inflation, the latest quarterly results from Empire/Sobeys/IGA indicate a $16 million decline in food sales compared to the corresponding quarter of the previous year. That’s right, $16 million. Similarly, Loblaw/Provigo experienced a mere 3.1 percent increase in food sales over the past year, despite inflation consistently exceeding nine percent for the preceding 12 months. Metro witnessed a modest 5.8 percent rise in food sales at their stores during the last quarter.In essence, reta...

Researchers discuss outcomes of inflexible universal emissions policy on local producers

Published Wed, 26 Feb 2025 01:50:19 GMT

By Erika MathieuSunny South NewsDr. Linda Gorim, associate professor and WGRF Chair in Cropping Systems at the University of Alberta gave a talk during Farming Smarter’s “Plot Hop” event on July 13.Dr. Gorim’s presentation outlined enhanced efficiency and fertilizers, and later delved into an important conversation about the role of regionally-relevant research in drafting policies for farmers and producers.“I think you are all aware that the Government of Canada wants to cut down fertilizer emissions by 30 per cent by 2030, and to do that there’s this huge push for us to employ 4R practices on our farms.”The 4R practices refer to “right source, right rate, right time, and right place,” and is a framework used to guide farmers to farm management practices which keep nutrients in fields.Gorim said of her ongoing trial grows on the Farming Smarter plots, “we know that for a very long time here on the prairies, producers have been asked to use enhanced efficiency and fertilizers.” Thes...

County ups their funding 
commitment for Malloy Drain Project

Published Wed, 26 Feb 2025 01:50:19 GMT

By Erika MathieuSunny South NewsThe Malloy Drain Steering Committee recently heard updates from the project’s technical committee regarding the status of the project.A project overview was presented to the Committee and provided a summary of how the project has evolved since the last phase was completed and also included a revised cost estimate outlining the “significant” increase in projected costs since the original estimate was completed in 2017. Included in the presentation was also a revision of the project’s original scope of work as costs have increased.The report to council noted the Town of Coaldale has recently drafted a letter to the Minister of Environment and Protected Areas, Rebecca Schultz alongside a request to the Province to increase the government’s funding commitment for the project from $1,238,000 to $4,445,850. The request to the Province noted proposed the three parties (Lethbridge County, the Town of Coaldale and SMRID) would increase their funding contributi...

Coaldale tables decision on West Industrial ASP

Published Wed, 26 Feb 2025 01:50:19 GMT

By Nikki JamiesonSunny South NewsFurther readings for an Area Structure Plan bylaw have been postponed pending further information.A public hearing for Bylaw 875-P-06-23 was held during Coaldale town council’s regular July 10 meeting.The bylaw would amend the West Industrial Area Structure Plan to include a section of land – Lot 4, Block 1, Plan 181 1388 – located in the southeast portion of the area. The land had not been included in the ASP for the area following landowner feedback when the ASP had been passed in 2022, as there had since been a change in ownership for the land in question, and town administration has received a request to include it in the ASP.One comment had been received by the Town in regard to the bylaw. Cameron Mills, director of growth and investment for the Town, said while the respondent was “generally supportive of the proposal”, he felt there could be improvements made in terms of open space and connectivity.“There is in fact a green strip buffer on the ...

Discovering Saratoga: Hunting for hidden horseshoes

Published Wed, 26 Feb 2025 01:50:19 GMT

SARATOGA SPRINGS, N.Y. (NEWS10) - From now until Labor Day, 300 horseshoes from retired racehorses are being hidden in Saratoga Springs as part of a new treasure hunt to foster excitement and community engagment. The group, Saratoga Hidden Horseshoes, teamed up with Saratoga-based artist Alfred Flores to give away a special golden horseshoe on Wednesday evening. NEWS10 in Your Town: Hidden horseshoes scavenger hunt Revealed on NEWS10 ABC at 5:30 p.m., the golden horseshoe was hidden on Wednesday evening in Congress Park. Happy Hunting!

Rotterdam man charged with murders of mother, stepfather

Published Wed, 26 Feb 2025 01:50:19 GMT

ROTTERDAM, N.Y. (NEWS10) -- A Rotterdam man is facing charges as part of a double homicide investigation. An arrest warrant has been issued for Anthony Lewis.Lewis was charged with Murder in the First Degree. Police said the 31-year old killed Cathy and Robert Guillaume at their Fern Avenue home in the town of Rotterdam. The victims are Lewis's mother and stepfather. Get the latest, news, weather, sports and community events delivered right to your inbox! Police said Lewis has been in custody at the Carbon County Jail in Pennsylvania on unrelated charges since July 7. He has been charged as a Fugitive of Justice on Murder in the First Degree on a warrant out of Rotterdam and is awaiting extradition from Pennsylvania to New York.The investigation remains ongoing.

Powerball jackpot hits $1Billion

Published Wed, 26 Feb 2025 01:50:19 GMT

ALBANY, N.Y. (NEWS10) — Patrons were in and out of Colson's News & Deli in Downtown Albany Wednesday afternoon. The convivence store sold a winning lottery ticket years ago. Big-ticket dreams spurred by $1B Powerball jackpot, but expert warns: Take it slow“Well first I would take care of my family for sure make sure that you know they have everything they need" a woman named Kristen told us after purchasing a ticket. "We're pretty humble so I don't think that we would need a whole lot and let's hope not!” she added. Tonight’s drawing will be third largest in Powerball history and the seventh largest in US history. Get the latest, news, weather, sports and community events delivered right to your inbox! If someone wins they have the option of taking the cash in installments over 29 years or lump sum. The winnings would amount to around $500 Million after taxes.

Local teen goes from high school graduation straight to the kitchen with new business

Published Wed, 26 Feb 2025 01:50:19 GMT

ALBANY, N.Y. (NEWS10) — A local Guilderland High School grad wasting no time getting his future started. Seventeen-year-old Mateo Sánchez cooking up a storm with a passion. Just one week after graduating high school, the ambitious teen set up a Hispanic-inspired café bearing his name—Café TEO."It feels amazing and just sharing it with people is, like, one of my favorite things," he says in an interview with NEWS10's Mikhaela Singleton.Mateo opening up shop inside his mom’s event bakery business, Delicias Latina, on Delaware Avenue in Albany. Three weeks later, and the business is going strong even seeing repeat customers. Mom, Elaine Escobales Bonifacio, says the idea for Cafe TEO came up after Mateo had been helping out in the bakery."He hated frosting the cakes," she laughs. "I think he finally realized that, yes he does love the kitchen, he does love the environment, but not in the bakery aspect of it. And so when we started talking about café stuff, you know, I just asked him w...

Is it legal to rescue a pet from a hot car in Missouri or Illinois?

Published Wed, 26 Feb 2025 01:50:19 GMT

ST. LOUIS - The dog days of summer are upon us, a time of year for people to not only protect themselves from heat risks, but their pets as well. What if you happen to find a pet stranded in a car? It can be an extreme danger for a dog, cat or any animal to wait inside a car for more than a few minutes on a hot day. Police: Fatal Lemay crash ‘not an apparent speeding situation’ Someone with good intentions might hope to get someone else's pets out of a hot car and rescue them from such situations, but is that legal to do? In the St. Louis area, that largely depends on if you're in Missouri or Illinois. According to the Animal Legal Defense Fund, Missouri does not have any "Right To Rescue" laws for those looking to remove an unattended pet from a hot car while Illinois only allows law enforcement to break into vehicles to rescue an animal. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Daily News ...

Gorman sparks Cardinals to series sweep of Marlins

Published Wed, 26 Feb 2025 01:50:19 GMT

ST. LOUIS (AP) — Nolan Gorman hit a three-run homer and had four RBIs to help the St. Louis Cardinals beat the Mami Marlins 6-4 on Wednesday for just their second series sweep this season.Nolan Arenado's RBI single and Gorman's 19th homer built a 4-0 lead in the first off NL Cy Young Award winner Sandy Alcantara, and the Marlins' losing streak reached a season-high six.Gorman added a run-scoring single in the seventh against Huascar Brazobán, and another run scored on third baseman Jon Berti's throwing error.St. Louis had just one previous sweep this season, from May 12-14 at Boston. The Cardinals have won a season-high five in a row, moving ahead of Pittsburgh and out of the NL Central cellar.Alcantara (3-9) gave up four runs and eight hits in six innings, dropping to 0-3 in his last four starts. Miami arrived after losing three games at Baltimore and went winless on a trip of six or more games for the first time since August 2019.Zack Thompson (2-2), pitching for the first time in...