Advertisement
Canada markets closed

  • S&P/TSX

    22,059.03
    -184.99 (-0.83%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • DOW

    39,375.87
    +67.87 (+0.17%)
     

  • CAD/USD

    0.7332
    -0.0015 (-0.20%)
     

  • CRUDE OIL

    83.32
    -0.56 (-0.67%)
     

  • Bitcoin CAD

    76,880.07
    -2,675.87 (-3.36%)
     

  • CMC Crypto 200

    1,169.95
    -38.75 (-3.21%)
     

  • GOLD FUTURES

    2,399.60
    +30.20 (+1.27%)
     

  • RUSSELL 2000

    2,026.73
    -9.90 (-0.49%)
     

  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     

  • NASDAQ

    18,352.76
    +164.46 (+0.90%)
     

  • VOLATILITY

    12.48
    +0.22 (+1.79%)
     

  • FTSE

    8,203.93
    -37.33 (-0.45%)
     

  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     

  • CAD/EUR

    0.6760
    -0.0032 (-0.47%)
     
MARKETS LIVE BLOG:

S&P 500, NASDAQ JUMP TO FRESH RECORDS AS U.S. JOBS DATA FUEL BETS FOR SEPT. RATE CUT

Bitcoin slides as the stock market reaches higher

More inflation in the system to come - UK's Sainsbury's

Reuters
Chief Executive Officer of Sainsbury's Simon Roberts poses inside a Sainsbury’s supermarket in Richmond, west London

LONDON (Reuters) - There is more food price inflation yet to come through, the boss of Sainsbury's, Britain's second largest grocer, said on Thursday.

"We're battling really hard to keep prices down but there is more inflation in the system to come," Chief Executive Simon Roberts told reporters after Sainsbury's reported first half results.

He highlighted the impact of higher energy costs in food production, as well as higher fertiliser and labour costs.

(Reporting by James Davey; editing by Sarah Young)