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Mario Toneguzzi

Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Co-Editor-in-Chief with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024.
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Store-closing sales underway across Canada at all cleo, Ricki’s, Bootlegger clothing stores

Initial discounts on all merchandise run from 25 to 40 per cent off the original ticketed price at the clothing stores.
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CPI rises 1.8% y/y in December but Canadians pay less for food at restaurants: Statistics Canada

Statistics Canada said Canadians paid less for food purchased from restaurants in December (-1.6%) on a year-over-year basis.
News

Venessa Yates appointed President and CEO of Walmart Canada

Walmart Canada operates a chain of more than 400 stores nationwide serving 1.5 million customers each day
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Calgary set to host Alberta’s biggest RV sale and show

As one of Alberta's largest and most anticipated RV events, the Calgary RV Adventure Sale & Show will feature an impressive selection of RVs, outdoor lifestyle products, exclusive deals, and expert advice.
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Nearly 3 in 5 CEOs optimistic about global economic outlook: PwC

The report, which surveyed 4,701 CEOs across 109 countries and territories, also finds that 42% expect to increase headcount by 5% or more in the next 12 months – more than double the proportion who expect headcount decreases (17%), and up from 39% last year.
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Canadian Tire Corporation announces CFO transition

Canadian Tire Corporation will report Q4 2024 earnings as scheduled on Thursday, February 13.
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Consumers see improvement in financial health: Bank of Canada

Fewer consumers reported that they are spending less or plan to reduce their spending; and, for the first time since 2021, consumers said they expect their spending to increase faster than they expect prices to rise.
News

KINKA FAMILY continues to grow its food offerings with expansion West

KINKA FAMILY, Canada's largest Japanese restaurant group, has seen exceptional growth since it opened its first Izakaya 15 years ago in Toronto.
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IKEA Canada invests an additional $50M to reduce prices on hundreds more products

IKEA Canada invested more than $80M last year to lower prices on more than 1,500 products across its range.
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Healthy Planet’s Muhammad Mohamedy on Growth, Community, and Wellness

Healthy Planet’s growth has been both strategic and community-driven.
News

Salt Grass & Rare to open in heart of Yorkville

Salt Grass & Rare will feature a modern dining room, bar & lounge, and grand terrace within a lush green space with water features.
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Canadian economy to see reasonable growth in Q1 2025, tariff threat looms: CFIB

The CFIB says the Canadian economy will moderate at 2.5% growth in Q1 2025.
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Restaurants see boost in dining and traffic in first month of GST and HST holiday

Restaurants are a $120 billion industry employing nearly 1.2 million Canadians and are the number one source of first-time jobs in Canada.
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Heritage launches Lunar New Year charitable dinners

Heritage said proceeds from the event will benefit the Vancouver Chinatown Foundation, a non-profit organization dedicated to preserving and revitalizing Vancouver’s historic Chinatown.
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Consumers regained their spending mojo, but tariffs cloud 2025: TD

TD said consumer spending gained momentum toward the end of 2024, supported by lower interest rates, which boosted consumer confidence, and external factors, such as the GST relief.
News

What can Canadian entrepreneurs expect for 2025?: BDC

The Canadian economy is expected to grow by around 1.5% for the year, said the BDC.
News

71% of consumers want generative AI integrated into their shopping experiences: Capgemini report

The Capgemini report said nearly half (46%) of consumers are enthusiastic about the impact of Gen AI on their online shopping and three quarters are open to Gen AI recommendations, up from 63% in 2023.
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Baskin-Robbins raises $30,000 for BGC Canada in Pink Spoon Campaign

The fundraiser is part of an ongoing partnership between Baskin-Robbins and BGC Canada that includes scholarships, in-kind gifts and cause promotion
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Stark decline in Canada’s small business employment: Intuit

The Intuit report reveals that while overall employment has grown year-over-year, small business growth is lagging, hindered by high interest rates making it harder for some to access financing to fuel growth.
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Nourcy Unveils a Brand-New Concept at YQB

In addition to its beloved café concept and ready-to-heat meal service, the Nourcy restaurant will also offer an alcoholic beverage menu for travellers.
News

VIDEO: Canadian franchise industry poised for growth

The Canadian franchise industry is gearing up for a transformative year full of significant economic challenges and emerging opportunities.
Quick Reads

Chick-fil-A expands True Inspiration Awards grant program, awarding US$6 million to 56 non-profits

Chick-fil-A, Inc. is the third largest quick-service restaurant company in the United States. More than 200,000 people are employed by independent owner-operators in more than 3,000 restaurants across the United States, Canada, and Puerto Rico.
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GoBolt Parcel achieves 562% YoY growth in electric vehicle deliveries

In 2024, GoBolt Parcel completed 1.5 million shipments powered by EVs, solidifying its leadership in sustainable logistics across Canada and the U.S.
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Half of Canadians foresee inflation, cost of living as biggest financial challenge in 2025: TD

The TD survey uncovered Canadians' financial priorities in 2025, with 56 per cent of those surveyed indicating a main priority was their day-to-day expenses, down 3% from last year, saving and investing for the future (47 per cent) and paying down debt (30 per cent).
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Redberry to open 1st downtown Toronto Jersey Mike’s Subs at Union Station

The downtown opening is part of Redberry's long-term plan to open 300 Jersey Mike's locations in the next 10 years.
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