Canadian Retail News From Around The Web For November 20, 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 2 days.

Canada Post, union meet with mediator, remain ‘far apart’ as strike drags on (Canadian Press)

Sleep Country Mulls Potential Bond Sale in Rare Leveraged Buyout (BNN)

Holocaust denial merch tests Shopify’s free speech ethos (Financial Post)

Canada’s inflation rate jumps back to 2%, curbing large rate-cut bets (Reuters)

How the 2024 US Election Could Reshape Retail in Canada (Retail Council of Canada)

MANSCAPED® Expands North American Retail Footprint, Launching in Best Buy Canada (BusinessWire)

Booze rollout ‘saved a lot of stores from closing,’ chair of Ontario Convenience Store Association says (CP24)

Montreal’s Ste-Catherine Street is reopen to traffic, but don’t expect free parking for holiday shopping (Global)

Winnipeg city councillors debate zoning changes to spur housing development near malls (CBC)

The DoorDash grocery store where the public isn’t allowed inside (Village Report)

Saskatchewan NDP urges Moe to address high food prices in light of scurvy cases (Canadian Press)

Richmond beauty store business licence under threat after new Health Canada warning (Richmond News)

Tesla opening new store in London, Ontario next month (Drive Tesla)

‘This wasn’t an easy decision’: Vancouver’s Brazilian grocery store closing its storefront (VIA)

Curated Digest

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News

Canadian Tire Corporation reports Q2 2026 results, strong SportChek performance due to World-Cup related demand

Mario Toneguzzi -
Overall retail sales grew to $5,391.6 million, up 4.5%, compared to the second quarter of 2025.
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News

Columbia Sportswear Navigates Softer Canadian Wholesale Sales

Lee Rivett -
Columbia Sportswear reported lower Canadian sales in the second quarter as wholesale orders softened and shipment timing affected results, while the company continues investing in footwear, digital channels and a broader brand repositioning strategy.
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Retailer News

Breakdown of US/Canada trade agreement could cost 102,000 Canadian jobs: CABC report

Mario Toneguzzi -
The report estimates that a successful renegotiation would result in an additional 137,000 American jobs and 98,000 Canadian jobs in 2027 compared with the status quo.
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News

KEO Capital launches Canadian operations with up to $50M credit facility

Mario Toneguzzi -
The company said that its Canadian operations will be conducted through Workeo Canada, extending a platform that allows businesses to access working capital, pay suppliers, anticipate receivables and manage payments through a single digital system.
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News

Happy Belly Food Group opens Rosie’s Burger location in Toronto’s Financial District at First Canadian Place

Mario Toneguzzi -
Happy Belly Food Group Inc., a leading consolidator of emerging restaurant brands, has opened its newest Rosie's Burgers restaurant in downtown Toronto's First Canadian...
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News

New 50% U.S. tariff on CUSMA-compliant goods to hit Canadian small exporters hard: CFIB

Mario Toneguzzi -
More than one in three (35%) expect revenues to fall by at least 50%.
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News

Gay Lea Foods to invest more than $200 million in Toronto dairy facility

Mario Toneguzzi -
The expansion is the first major milestone in the dairy co-operative's approximately $450-million Network for Growth strategy, a multi-year plan to invest in and modernize its Canadian manufacturing network.
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Curated Digest

Daily Synopsis: August 12, 2026

Retail Insider -
Metro strike enters 5th month, second-hand retail goes mainstream, malls have long-term growth prospect says TD report, Broadway businesses struggle with Skytrain construction, Oakridge Park Safeway opens Aug 27, and other news.
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News

Shake Shack Canada opening first drive-thru in Calgary

Mario Toneguzzi -
Shake Shack Canada will open its Macleod Trail drive-thru location in Calgary on August 27.
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News

Kit and Ace Reaches 17 Stores as Canadian Expansion Continues

Craig Patterson -
Kit and Ace has opened its 17th Canadian store at Hillcrest Mall as the retailer expands its store network and moves into new product categories.
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News

METRO sees sales in Q3 climb to nearly $6.9 billion

Mario Toneguzzi -
Net earnings of $211.3 million, down 34.6% and adjusted net earnings of $262.6 million, down 20.9%.
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CT REIT Sees Tight Retail Property Market as Rents Rise

Lee Rivett -
CT REIT reports 99.5% occupancy and double-digit rent increases as tight Canadian retail real estate conditions drive competition for properties.
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The Home Depot announces interim management plans while CEO takes temporary medical leave

Mario Toneguzzi -
At the end of the first quarter, the company operated a total of 2,361 retail stores and over 1,280 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.
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News

Scholastic Highlights Canadian Growth as Dog Man and Hunger Games Drive Book Sales

Lee Rivett -
Scholastic says Canada helped drive international growth as Dog Man and Hunger Games boosted children's book sales, underscoring the strength of graphic novels and school-based retail channels.
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News

Canada’s Wellness Industry Is Growing. Can Canadian Businesses Keep Pace?

Retail Insider -
Consumer demand for wellness products continues to grow, but Canadian businesses face increasing challenges as they scale. Learn how CHFA NOW Toronto's State of the Industry keynote will examine competitiveness, consumer demand and the future of the sector.
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News

Sysco Plans to Bring Restaurant Depot Warehouse Format to Canada

Craig Patterson -
Sysco plans to eventually bring Restaurant Depot to Canada following its proposed US$29.1-billion acquisition, adding a major restaurant-focused warehouse format to the Canadian foodservice market.
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