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National Business
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
Nov 16, 2022 4:31 PM
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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
Nov 16, 2022 4:26 PM
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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.
Nov 16, 2022 3:02 PM
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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.
Nov 16, 2022 2:38 PM
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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.
Nov 16, 2022 1:52 PM
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'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.
Nov 16, 2022 1:46 PM
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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.
Nov 16, 2022 12:30 PM
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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.
Nov 16, 2022 11:43 AM
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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.
Nov 16, 2022 10:44 AM
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US retail sales rose 1.3% last month, a sign of resilience
WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates .
Nov 16, 2022 10:28 AM
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