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Canadian Retail News From Around The Web For May 2nd, 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.

Loblaw reports $13.58B in Q1 revenue, as Reddit group’s boycott kicks off (CBC)

Loblaw CEO ‘cautiously optimistic’ about grocery code of conduct (Canadian Press)

As Loblaw boycott begins, what to know about all the company’s brands (Global)

Loblaw hikes dividend as profit rises almost 10% (Financial Post)

Hudson’s Bay cuts jobs in ‘realignment’ of organizational structure (CityNews)

London Drugs phones working but stores remain closed after cyberattack (Vancouver Sun)

Concerns about Plexiglass prompt inspections at some Loblaws locations in Ottawa (CTV)

Buy-Low in Kingsgate Mall is turning into Save-On and people are upset (Daily Hive)

Winnipeg Costco could add traffic light (CTV News)

Curated Digest

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Canada Still Leads G7 as Grocery Inflation Outpaces Wages

Sylvain Charlebois -
Canada still leads the G7 in grocery inflation at 5.4%, with food prices rising faster than wages despite a recent slowdown.
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News

Shake Shack to Open First Calgary Location

Craig Patterson -
Shake Shack will open its first Calgary location at CF Chinook Centre this spring, its first in Western Canada, as part of the brand’s growing Canadian expansion.
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News

Canadian households accumulating financial wealth while household debt service ratio edges down: Statistics Canada

Mario Toneguzzi -
The household debt service ratio—measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income—edged down to 14.57% in the fourth quarter of 2025 from 14.61% in the previous quarter.
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News

Annual inflation cools to 1.8% in February: Statistics Canada

Mario Toneguzzi -
Although growth in grocery prices slowed in February, they have risen 30.1% since February 2021.
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News

LSD°R expands with new Toronto location

Mario Toneguzzi -
The new 3,000-square-foot space expands LSD°R’s Pilates-and-breathwork method with a larger studio room, 16 LSD°R Re°formers, private Re°former sessions, and the introduction of professional-grade red light therapy.
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News

GoodLeaf Farms launches mobile tour to promote indoor-grown greens in Ontario, Atlantic Canada

Mario Toneguzzi -
GoodLeaf, founded in Halifax in 2011, operates three commercial-scale indoor farms across Canada that supply retailers and food service operators.
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News

IOPE debuts in Canada through exclusive Sephora retail partnership

Mario Toneguzzi -
The clinical-grade skincare brand, owned by Amorepacific, launched online at Sephora.com this recently and in Sephora stores nationwide.
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News

Retail-to-Residential Conversions Gain Momentum in Canada

Lee Rivett -
Retail-to-residential conversions are emerging as a potential solution to Canada’s housing shortage by transforming underused commercial sites.
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News

Inside Canada’s Growing Liquidation “Binz” Store Economy

Retail Insider -
How liquidation “binz” stores in Canada reveal the afterlife of surplus retail goods as forecasting errors and returns feed a growing recommerce market.
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News

Rising Carbon Pricing in Canada Strains Grocery Supply Chains

Sylvain Charlebois -
Opinion: Rising carbon pricing in Canada may increase transportation and logistics costs across grocery supply chains and food distribution networks.
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From The Desk: Canadian Retail Reinvention amid Expansion and Rising Costs

Craig Patterson -
This week’s Canadian retail landscape blends strategic expansions with cost pressures, highlighting physical growth and evolving shopping behaviours amid economic chal...
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Curated Digest

Daily Synopsis: Mar 13, 2026

Retail Insider -
Kingsgate Mall lease fight in Vancouver, reviving Roots, Ontario to allow some holiday openings, Montreal community gathers to honour murdered depaneur owner, Quebec separatist coffee shop opens in Montreal, and other news.
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News

Changes to Temporary Foreign Worker Program applauded by business groups

Mario Toneguzzi -
Helping employers who are facing severe labour shortages.
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News

Canada loses 84,000 jobs in February, unemployment rate increases: Statistics Canada

Mario Toneguzzi -
The largest declines were in wholesale and retail trade (-18,000; -0.6%).
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News

Happy Belly Food Group targets up to 50 new restaurant openings as same-store sales remain strong: Sean Black interview

Mario Toneguzzi -
The company’s “core four” growth brands are Yolks, Rosie’s, Heal and iQ Food. New restaurant openings planned for this year will largely come from those concepts.
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Retailer News

Small businesses call for stronger domestic energy supply amid global uncertainty: CFIB

Mario Toneguzzi -
An overwhelming majority (90%) of small businesses say governments should prioritize increasing Canada's energy production and capacity to better support the economy and ensure businesses have reliable access to the energy they need to operate.
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