Canadian Retail News From Around The Web For December 2, 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 several days.

Canada Post strike marks 2 weeks during busy Black Friday shopping weekend (CBC)

Trends and deals shaping Black Friday shopping habits in Canada (Global)

Canada Bread owner sues Maple Leaf over alleged bread price-fixing (Financial Post)

Loblaw continues discount expansion with opening of several No Frills across Canada (Grocery Business)

Portage la Prairie mall to hang ‘closed’ sign after 45 years (Global)

Montreal shopping mall playing ‘Baby Shark’ song to prevent unhoused from loitering (CP24)

Toronto’s Galleria Supermarket launches AI-powered coupon (Canadian Grocer)

Dior launches exclusive La Collection Privée fragrance pop-up at Montreal duty free (Travel Retail Magazine)

Calgary’s Crown Surplus closes its doors after more than 70 years (CityNews)

True North Acquires Portage Place for Major Downtown Winnipeg Redevelopment (ChrisD)

Indigenous run pop-up store offers both cultural experience and shopping (CityNews)

New mixed-use building with grocery store for UBC bus exchange | Urbanized

Iqaluit store suffers break-in hours after RCMP detachment commander announces arrests (Nunatsiaq)

Five suspects sought following smash-and-grab robbery at Sherway Gardens (CTV)

FunGuyz closes most stores across Ontario but continues selling magic mushrooms online (Toronto.com)

One woman killed, one hurt in armed robbery attempt at Quebec clothing store (Sun)

Curated Digest

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

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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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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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No plans revealed yet for Calgary Downtown Bay

Mario Toneguzzi -
The 115-year-old downtown Bay building was sold by CBRE’s National Investment Team - Calgary to local developer Astra Real Estate Corp., which has been active in recent years in repurposing older downtown office properties into residential conversions.
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Back-to-School shoppers taking action on out-of-home ads: Vistar Media

Mario Toneguzzi -
At a time when marketers are largely focused on clicks, conversions and attribution, the findings suggest many may be overlooking one of the most effective ways to build intent before shopping begins.
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Digital wallets account for nearly one-third of Canadian online spending: Global Payments

Mario Toneguzzi -
Digital wallets, including Apple Pay and Google Wallet, represented 32 per cent of Canadian e-commerce transaction value last year, second only to credit cards at 46 per cent, the 11th edition of the Global Payments Report found.
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