Loblaw Cos., the country’s largest grocer, said it expects prices to rise in the second half of the year as retaliatory tariffs on U.S. imports come into effect. While the company couldn’t quantify the impact, it said the measure adds to higher transportation costs and wages, as well as a weaker currency. “I think transportation in addition to tariffs is impacting us in an increasingly meaningful way and we see that continuing for some period of time,” Chief Executive Officer Galen G. Weston said on the company’s earnings call Wednesday. “We’re committed to delivering value to our customers as often as possible with our pricing strategies, but there are limits.”
The controversial U.S. chain, known for its chicken and conservative views, plans to open 15 restaurants in the GTA. Chick-fil-A Inc., which currently has a single Canadian location at Calgary International Airport, said it will open a restaurant in Toronto next year and has plans to establish about 15 locations around the Greater Toronto Area over the next five years.
His predecessor departed abruptly due to improper conduct.
Supported by an even stronger economy south of the border, retail in Canada has maintained its uptrend.
A year after announcing plans to sever ties with Aeroplan, Air Canada is teaming up with three financial institutions to buy back the loyalty rewards program at a heavily discounted price.