Kroger stock falls to six-month low while pursuing Albertsons merger

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Sales for Kroger (KR) came in lower than expected in its second quarter. The supermarket chain’s stock has dropped to a six-month low amid mixed earnings and a $1.4 billion opioid claim settlement.Yahoo Finance’s Julie Hyman and Brad Smith monitor the status of Kroger’s merger with Albertsons Companies (ACI) despite antitrust concerns by Federal Trade Commission (FTC) officials.

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TORONTO — One Bay Street economist says it's unlikely the housing market will flare up, despite the Bank of Canada's decision to keep its key interest rate on hold on Wednesday. Robert Kavcic, senior economist with BMO Capital Markets, said softer job markets, new listings on the housing market and a restrictive mortgage market are all working against the housing market this fall.

 

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