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Canadian Retail News From Around The Web For April 5th, 2024

OUR ARTICLES OF THE DAY

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News at a Glance

Retail Insider is streamlining its Canadian retail news from around the web to include a handful of top news stories that can be viewed quickly during the day. Here are the top stories from the past 24 hours.

Dollarama raises dividend by almost 30% as profit, sales rise (Financial Post)

Think the Loblaw boycott won’t work? A Canadian retail expert disagrees (Daily Hive)

Canadian Tire Corporation, Petro-Canada launch loyalty partnership (PetrolPlaza)

Toronto shopping malls could provide 68000 new homes in the coming years (Streets of Toronto)

World’s Largest BBQ Store Closed in Toronto, Auction Commences (Yahoo/press release)

Knocking down former Sears building opens new possibilities for Devonshire Mall (CBC)

Metro partners with Too Good To Go in Quebec (Canadian Grocer)

Curated Digest

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EQB secures final approval for PC Financial acquisition

Mario Toneguzzi -
EQB expects the acquisition to close in the summer of 2026, subject to customary closing conditions.
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Primaris REIT Repurposing Malls After Hudson’s Bay Closures

Craig Patterson -
Primaris REIT is repurposing former Hudson’s Bay stores, turning anchor closures into a strategy to reshape Canadian shopping centres.
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Happy Belly Food Group acquiring 50% of Ghost Taco

Mario Toneguzzi -
Ghost Taco is a fast-growing Ontario-based fast-casual restaurant brand specializing in bold, Mexican-inspired tacos, bowls, sides and desserts.
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Shopify delivers again as merchants clear $100 billion in Q1 GMV

Mario Toneguzzi -
For the second quarter of 2026, Shopify said it expects revenue to grow at a high-twenties percentage rate on a year-over-year basis.
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Kantar: Brands Risk Missing Canada’s High-Value Seniors

Mario Toneguzzi -
Canadians in their "third age" (60–80) aren't retreating from life, they're travelling, dining out, adopting new tech, and spending.
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Kim Crawford Wines announces 3-year partnership with Tennis Canada

Mario Toneguzzi -
The National Bank Open brings the best men's and women's tennis players in the world to Canada, each summer.
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Kinton Ramen introduces 1st food court concept at Waterfront Centre Vancouver

Mario Toneguzzi -
This new opening represents the brand's 12th location in British Columbia and serves as the first of several planned food court expansions across the province. 
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Tourisme Montréal focuses on infrastructure to strengthen Montréal’s competitiveness

Mario Toneguzzi -
"Major events, whether cultural or sporting, are now key drivers of travel."
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Calgary Boutique espy experience Expands Under Megan Szanik

Mario Toneguzzi -
espy experience began in 2009 as a 1,500-square-foot designer discount concept in Inglewood and has grown to more than 12,000 square feet.
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Splitsville Expands Across Canada with New Centres

Craig Patterson -
Splitsville accelerates Canadian expansion with new locations, targeting retail hubs and redefining bowling as social entertainment.
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How Cadillac Fairview Drives Shopping Centre Productivity

Craig Patterson -
High shopping centre productivity does not happen by accident. At Cadillac Fairview, it is the result of a deliberate strategy that combines scale, tenant...
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Curated Digest

Daily Synopsis: May 4, 2026

Retail Insider -
Simons CEO discusses success, future of HBC real estate, bank branches could close, Ikea plans 3 storey tall outdoor digital billboard in Ottawa, Korean froyo chain opens 1st Canadian location in Toronto, and other news.
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Toronto’s Basil Box to Shut Down All Locations by May 14

Craig Patterson -
Basil Box will close all Canadian locations by May 14, ending a Toronto fast-casual brand as rising costs and shifting demand pressure the sector.
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Retail-focused strategy delivers strong Q1 results: RioCan 

Mario Toneguzzi -
Committed retail occupancy of 98.6% reflects structurally constrained retail supply across RioCan's markets and resilient tenant demand.
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Retail Insider Introduces Canadian Retail Sector Analysis

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New reporting series from Retail Insider delivers sector-level insight into Canadian retail, connecting trends across categories and consumer behaviour.
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Pierre Cardin Opens First Canadian Store in Expansion

Craig Patterson -
Pierre Cardin opens its first Canadian store at Tsawwassen Mills as a Vietnam-led operator begins a national retail expansion.
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