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Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices

Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices

Two of Canada’s grocers say food suppliers are continuing to pass along new cost increases, signalling higher food prices will persist into 2023. Loblaw Cos. Ltd. and Metro Inc.
Trump, bruised by midterms, vows to bring down Biden in fresh bid for U.S. president

Trump, bruised by midterms, vows to bring down Biden in fresh bid for U.S. president

WASHINGTON — Donald Trump, the twice-impeached former U.S. president, tossed his red ball cap back into the ring Tuesday — an exercise some observers say is as much about judicial self-preservation as it is a brazen display of political ambition.
Tom Brady, Larry David, other celebrities named in FTX suit

Tom Brady, Larry David, other celebrities named in FTX suit

NEW YORK (AP) — A host of Hollywood and sports celebrities including Larry David and Tom Brady were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promotin
Q&A: How the relationship between rate hikes and inflation plays out

Q&A: How the relationship between rate hikes and inflation plays out

Statistics Canada said Wednesday that higher mortgage rates are helping fuel the latest high inflation data.
Shoppers Drug Mart parent company says cough and cold sales hit all-time high

Shoppers Drug Mart parent company says cough and cold sales hit all-time high

BRAMPTON, Ont. — Canada's biggest drugstore chain says sales of cough and cold products hit an all-time high this fall. Loblaw Cos. Ltd. chairman and president Galen G.
Economists see signs of inflation easing, despite annual rate holding steady

Economists see signs of inflation easing, despite annual rate holding steady

OTTAWA — Canada's annual inflation rate held steady in October, but economists say it's trending in the right direction. In its latest consumer price index report, Statistics Canada said the country's annual inflation rate was 6.
'Mercedes and Range Rovers:' Loblaw's discount chains attract higher-income shoppers

'Mercedes and Range Rovers:' Loblaw's discount chains attract higher-income shoppers

More wealthy shoppers are prowling the aisles at discount grocery stores in search of deals amid soaring food inflation, Loblaw Companies Ltd. said Wednesday.
RBI names former Domino's Pizza CEO Patrick Doyle as executive chair

RBI names former Domino's Pizza CEO Patrick Doyle as executive chair

TORONTO — A former Domino's Pizza CEO is now the executive chair of Tim Hortons' parent company as the fast-food giant focuses on boosting sales and its stock amid economic headwinds. Restaurant Brands International Inc.
Vietnamese electric vehicle maker VinFast launches first showroom in Canada

Vietnamese electric vehicle maker VinFast launches first showroom in Canada

TORONTO — Vietnamese electric vehicle maker VinFast says it has opened its first Canadian showroom as it prepares for a wider expansion into the market.
NFI Group reports US$42.6M Q3 loss, revenue up from year ago

NFI Group reports US$42.6M Q3 loss, revenue up from year ago

WINNIPEG — NFI Group Inc. reported a loss of US$42.6 million in its latest quarter compared with a loss of US$15.4 million in the same quarter last year as its revenue edged higher.
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