Loblaw, Metro brace for generic drug plan impact as details emerge
Pharmacy owners are bracing for “an industry-wide impact” from lower generic drug prices coming in April, the CEO of Metro Inc., which has a deal
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Metro’s first quarter sales and profits top analysts’ expectations
Grocer Metro Inc. reported better than expected earnings and revenue in its latest quarter. The company says it earned nearly $1.3 billion or $5.67 per
Five Canadian business stories to watch in the coming week
Grocery chain Metro Inc. will report its first-quarter results and NAFTA talks wrap up round six this week.
Canadian grocers expand online services after Amazon acquires Whole Foods
Metro Inc. is looking to expand its online grocery offerings to Ontario next year, making it the latest Canadian retailer to ramp up its e-commerce
Five things to watch in the Canadian business world this week
Notley goes to bat for Trans Mountain Alberta Premier Rachel Notley kicks off a cross-country speaking tour on the importance of the Trans Mountain pipeline
Loblaw Companies lays off 500 office workers in cost cutting drive
Loblaw Companies Ltd. is laying off 500 of its office workers, but the company says it still expects to create more jobs than it eliminates
Metro says it’s in talks with Jean Coutu about possible merger
Another Canadian grocery store and pharmacy chain conglomerate could be on the horizon as Metro Inc. and Jean Coutu Group are “engaged in exclusive discussions”
Metro looking at automation to help offset impact of higher Ontario minimum wage
Ontario’s third-largest grocery chain will accelerate its study of automation as it looks to cut costs to offset the provincial government’s plan to raise the
Metro Q2 profit beats estimates, as expense control offsets lower food prices
Metro Inc. was able to increase its profit and beat analyst estimates for the second quarter, despite an overall decline in Canadian food prices. The
Five Canadian business stories to watch this week
Closing curtain: Ontario’s securities regulator hears closing submissions Monday in the case against Garth Drabinsky for his role in the Livent Entertainment fraud scandal nearly
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