Loblaw raised its annual profit forecast after beating third-quarter profit estimates on Wednesday, as the Canadian retailer bet on demand for grocery and medicines at its discount stores to remain resilient amid economic uncertainties.
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Canada’s Loblaw raises annual profit forecast on resilient grocery demand
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Canada’s Loblaw raises annual profit forecast on resilient grocery demand
Loblaw raised its annual profit forecast after beating third-quarter profit estimates on Wednesday, as the Canadian retailer bet on demand for grocery and medicines at its discount stores to remain resilient amid economic uncertainties.
Judge approves $500 million settlement in bread price fixing class action
An Ontario superior court judge has approved a $500 million settlement in a class action suit related to a bread price fixing scheme.
Loblaw and parent company to pay out $500 million in bread price fixing settlement
Grocery giant Loblaw (Loblaw Companies Limited) and parent company George Weston Limited announced yesterday a $500 million settlement had been reached concerning their involvement in a bread price-fixing scandal.
All major retailers agree to join Grocery Code of Conduct
All major retailers have agreed to join the Grocery Sector Code of Conduct, according to a statement by Agriculture and Agri-food Canada.
Loblaw to back Canada grocery code
The code has been the focus of considerable back and forth between food retailers and Ottawa
After months of negotiation, Loblaw Companies Limited (Loblaw) says it’s standing behind a proposed grocery code of conduct.
Report calls for consistent standard for agri-food climate reporting
Deloitte Canada says a unified, open-source framework needed to ensure consumer trust
Canada needs a simple, consistent and easy-to-use system to build on its green agriculture reputation, says a recent report from accounting firm Deloitte Canada.
Grocery code will stabilize producer incomes, say fruit and vegetable growers
The code has hit recent speed bumps as grocery giants Loblaw and Walmart have stalled signing on
Canada's proposed grocery code of conduct will usher in a new era of fairness and transparency and stabilize grower incomes, said the Fruit and Vegetable Growers of Canada (FVGC) in a statement Thursday.
Canada Bread fined $50 million over price-fixing
'Leniency' settlement follows breadmaker's guilty plea
A storied Canadian producer of bread and bakery products has a month to pay a $50 million fine for price-fixing in an ongoing federal probe which still has eyes on […] Read more
Competition Bureau to probe soaring food prices
Retail food prices seen outpacing inflation
Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for […] Read more