RE:RE:RE:RE:RE:RE:Cad : USD
nedstar71 wrote: Lllennn wrote: McDonald's is reconsidering its pricing strategy, after customers cutting back their spending took a bite out of the fast food giant's sales.
No doubt. Not that that has anything to do with Reitmans mind you but no question their customers are pulling back and should be, their prices have gotten way out of hand. A 10 piece McNugget 'value' meal with tax is well over $19....a lowly Big Mac meal over $15. They pushed it too far and drove many away.
Big economic crash is imminent.
Yield curve is close to uninverting. Now is the time to be defensive and a time to have some dry powder.
Reitmans is in a bad spot here with retail that is currently getting pummeled and that's in nominal terms. It is even worse when you look at total volume transactions. The turnaround is a long time away.
Canada has become uninvestable.