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Santa’s Magical Library AR Journey Launches at Vaughan Mills

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

Vaughan Mills has launched one of the most ambitious holiday attractions seen in a Canadian shopping centre with the debut of Santa’s Magical Library AR journey Vaughan Mills. The immersive experience opened to the public on November 16 and introduces a new approach to seasonal programming that blends storytelling, augmented reality and live performance. The result is a narrative holiday journey designed to engage families, strengthen community connection and reimagine how a Santa experience can function within a major retail destination.

Developed and produced in partnership with Montreal-based Studio Artefact Inc., the experience reimagines what a Santa visit can be, shifting from a traditional photo moment toward a story-driven journey that brings families directly into Santa’s world. In this first edition, children enter a setting where beloved characters from Santa’s Great Book of Imagination have wandered away from their stories. Only young visitors can help restore the magic by reading, believing and discovering what makes them uniquely special.

Vaughan Mills expects the new concept to serve as a major seasonal draw, creating reasons for families to engage with both the immersive attraction and the broader retail environment at a time when Canadian shopping centres are investing heavily in experiential innovation. The Santa’s Magical Library AR journey Vaughan Mills activation is positioned as a centrepiece of the property’s holiday season, with the potential to become an annual tradition supported by evolving story themes and new collectible books each year.

“We’re not just updating the Santa experience, we’re reimagining what’s possible when you combine storytelling magic with cutting-edge technology,” says Rhonda Richmond, Regional Marketing Director, Ontario with JLL Canada. “This experience proves that innovation and impact can go hand in hand creating magical moments for families, while simultaneously supporting life-changing care at SickKids. When children visit Santa and pledge to keep the magic of stories alive by reading, they’re not just participating in entertainment, they’re part of a movement that has raised over one point two million dollars for pediatric healthcare.”

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

Inside Santa’s Library: An Immersive Journey from Check-In to Storybook Magic

The experience begins long before families meet Santa. Upon arrival, guests check in with a costumed librarian who guides them into a private storytelling chamber. Inside, an enclosed circular room is wrapped in digital screens, creating a cinematic moment in which Santa explains that his story characters have escaped, setting the narrative in motion.

Jennifer Dunn

Jennifer Dunn, Senior Director of Marketing at JLL and one of the leaders behind the project, says the team spent considerable time studying how Santa experiences across North America have evolved.

“We have been watching how Santa experiences have changed over the years, and what we kept learning is that digital elements are exciting, but the real magic still comes from in-person theatre and human connection,” says Dunn. “Families remember how they felt, not just the visuals. That insight guided everything about this project.”

In the storytelling room, children are transported through different realms tied to the stories Santa protects. The 2025 theme is belief, emphasizing imagination, reading and the idea that everyone has something unique that fuels the magic of the season. When the story sequence concludes, an elf opens a set of doors and leads the group directly into Santa’s library, a richly detailed environment filled with oversized books, glowing story props and Santa himself.

Santa invites children to gather around the Great Book of Imagination, placing their hands on an interactive version of the book. When they do, coloured lights pulse and animate throughout the set, symbolizing the return of magic through belief. Families then move into a dedicated photo moment before receiving the annual collectible storybook that corresponds with the season’s theme.

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills
Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

A Journey That Continues Beyond the Santa Visit

One of the defining features of Santa’s Magical Library AR journey Vaughan Mills is that the experience does not end when families leave Santa’s set. A companion mobile app extends the story across the shopping centre through AR-enabled touchpoints. QR markers positioned throughout the property allow children to collect missing characters, unlock digital animations and take part in challenges linked to the narrative.

“The mobile app provides an open access layer to the experience,” says Dunn. “If a family cannot secure a booking, they can still participate through the AR touchpoints throughout the centre. And for those who do visit Santa, it becomes a continuation of the story rather than the end of it.”

This structure also reflects Vaughan Mills’ broader strategy of engaging families across longer periods of time within the shopping environment. By merging the physical set with centre-wide AR activations, the experience aims to influence traffic flow, dwell time and repeat engagement, making the Santa experience a true destination within the centre rather than a standalone attraction.

Dunn notes that considerable time went into shopper journey mapping and storyboarding to ensure every touchpoint felt cohesive. “This experience is a pillar of our engagement strategy. We wanted every moment to feel intentional, from the librarian check-in to the storybook children take home. The goal is visitor satisfaction first and foremost, with the natural halo of increased traffic and dwell time following from that.”

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

A Meaningful Partnership with SickKids

The experience builds on a decade-long partnership between Vaughan Mills and SickKids Foundation. All photo package proceeds are donated to SickKids, and this year’s photo packages range from fifty-five to seventy-five dollars. Every dollar from those sales goes directly to the hospital.

“We’re so grateful to our partners at Vaughan Mills for bringing the magic of the holidays and the spirit of giving to the patients and families at SickKids,” says Julie Garcia Sjogrim, Vice-President of Corporate and Community Partnership at SickKids Foundation. “Through this innovative and immersive experience, Vaughan Mills is showcasing the way it can bring people together in a show of support for priority needs at SickKids. Donor support allows the hospital to respond to the needs of today while making the discoveries of tomorrow.”

In addition to fundraising, the partnership brings the holiday experience into the hospital itself through in-hospital Santa visits and storytelling activations. Vaughan Mills also hosts a special holiday breakfast event for SickKids families, offering a private first-look experience before the attraction opens to the general public.

For Dunn, the alignment is meaningful on both a community and national level. “SickKids is a centre of excellence that serves families from across Canada. Because Vaughan Mills draws visitors from across the GTA and Southern Ontario, it felt natural to partner with an institution that reaches far beyond our local community.”

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

A Scalable Experience Designed for Growth

Bookings for Santa’s Magical Library opened on November 13. While the centre expects strong demand, Dunn emphasizes that this first year is also a learning phase in which availability will be optimized dynamically to keep the experience comfortable and enjoyable.

“We will be closely monitoring bookings to make real-time adjustments,” she says. “We want to deliver an experience that feels magical, not rushed. The AR elements available throughout the centre also help ensure that every visitor can participate, regardless of whether they have a booking.”

Themes, story content and collectible books will change annually, with the Great Book of Imagination designed as a long-term narrative framework. As more families collect each season’s storybook, the property anticipates developing continuity from one year to the next.

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

Designed by Experts in Immersive Storytelling

The creation of Santa’s Magical Library involved extensive collaboration across multiple disciplines. JLL marketers, Vaughan Mills leadership, Studio Artefact and creative specialists with backgrounds in video game design worked together to build a cohesive experience.

Dunn describes the level of planning as one of the most comprehensive efforts the centre has undertaken for a seasonal program. “There were hours upon hours of storyboarding and customer journey mapping. We had people who design physical worlds and people who design digital worlds all contributing. The goal was to build something where technology supports the story rather than overpowering it.”

Holiday décor across the centre has also been refreshed to match the theme, creating visual cohesion between the immersive set and the retail environment, reinforcing the feeling that the story extends throughout the entire property.

Santa’s Magical Library AR journey at Vaughan Mills. Photo: Vaughan Mills

Vaughan Mills as a Destination for Families and Visitors

Since opening in 2004, Vaughan Mills has grown into one of the largest and most visited super-regional shopping centres in Canada. With more than 220 retailers and over 11 million visitors annually, the property has built a reputation for blending off-price, full-price and entertainment-driven retail under one roof.

Dunn notes that the market surrounding Vaughan Mills continues to expand. “Vaughan is one of the fastest-growing communities in the country. The centre serves a large and diverse trade area, drawing from across the GTA, Southern Ontario and an increasing number of tourists. Experiences like Santa’s Magical Library deepen our ability to serve families who are looking for more than a transactional visit.”

She adds that the broader evolution of Canadian shopping centres reflects a renewed emphasis on physical experiences. “I am digital first and I am excited about AI, but people still crave authenticity. They want real interactions in real places. That is why experiences like Santa’s Library resonate. Technology enhances the magic, but Santa is still a real person sitting with your child, creating a moment they will remember.”

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Canadian inflation eases in October: Statistics Canada

Photo: Alesia Kozik
Photo: Alesia Kozik

The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in October, down from a 2.4% increase in September, according to a report released Monday by Statistics Canada.

The all-items CPI decelerated largely due to gasoline prices, which fell at a faster pace year over year in October (-9.4%) compared with September (-4.1%). Excluding gasoline, the CPI rose 2.6% in October, matching the increase in September, said the federal agency.

Slower growth in grocery prices further contributed to the deceleration in the CPI in October, which was moderated by higher prices for cellular phone plans, it said.

The CPI rose 0.2% month over month in October. On a seasonally adjusted monthly basis, the CPI was up 0.1%, added Statistics Canada.

“Prices at the pump fell at a faster pace year over year in October (-9.4%) compared with September (-4.1%), resulting from a 4.8% month-over-month decline in October. The monthly decline was largely due to a switch to cheaper winter blends, as well as lower crude oil prices amid continued concerns of oversupply,” said Statistics Canada.

“Year over year, prices for food purchased from stores rose 3.4% in October, down from a 4.0% increase in September. Though grocery prices decelerated in October, prices remained elevated and have exceeded overall inflation for nine consecutive months. The deceleration was due in part to prices for other food preparations (+3.2%), which mostly includes processed foods, as well as prices for fresh vegetables (-1.4%). Partially offsetting the slowdown was higher prices for fresh or frozen chicken (+6.2%), after a 1.5% increase in September.

“On a month-over-month basis, grocery prices fell 0.6% in October, the largest decline since September 2020 (-1.1%).”

Andrew Grantham
Andrew Grantham

Andrew Grantham, Senior Economist, CIBC Capital Markets, said Canadian inflation eased in October, albeit only partly offsetting the pick up seen in the previous month.

“Overall, while inflation decelerated in October, the move was in line with expectations and it would take a longer period of easing price pressures, combined with indications of economic growth deteriorating again, to bring the Bank of Canada back off the sidelines. We continue to forecast no change in the overnight rate through to the end of next year,” he said.

Andrew Hencic | Director & Senior Economist, TD Economics, said: “The takeaway here is that top line inflation came in as expected while the various underlying measures continues to hover in-and-around the target range – with some heating up and others cooling off.

“The Bank of Canada delivered a cut at their past meeting and signaled there wasn’t much more they could do in the current economic environment – a view we have shared for some time. This month’s report doesn’t change the story much, inflation is unlikely to fall below the lower end of the target range given the disruptions on the supply side of the economy, but it’s also unlikely to sharply accelerate amid expectations for tepid domestic demand. Markets remain on the same page, putting the odds of a cut by next April at roughly 30%.”

Douglas Porter
Douglas Porter

Douglas Porter, Chief Economist at BMO Capital Markets, said: “On the surface, this looks to be a mildly friendly report with headline and median inflation rates dipping. However, the sources of relief were well-known ahead of time, and the new news here is not great, driven by persistent strength in insurance costs and a snap higher in cell charges. Overall, this does little to change the BoC’s view that underlying inflation remains close to 2-1/2%; but, if anything, most underlying metrics have been stuck a bit above that, or have just crept up there. In other words, this report is just another reason to believe the Bank is moving to the sidelines in December.”

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Emerging Trends in Canadian Real Estate 2026: Growth in Rentals, Retail & Seniors’ Housing

Image courtesy of Groupe Devimco

PwC Canada and the Urban Land Institute’s Emerging Trends in Real Estate (ETRE) 2026 Canadian report reveals a market in transition as companies reinvent business models to capture new sources of growth. 

While affordability and housing supply dominate headlines, the report points to growth in purpose-built rental, grocery anchored retail and seniors’ housing, fueled by new sources of capital and faster cross industry partnerships.

Fred Cassano
Fred Cassano

“Canadian real estate is at a pivotal moment–policy momentum is building, and the sector’s ability to collaborate across industries is opening doors to new opportunities,” said Fred Cassano, Partner, National Real Estate Leader, PwC Canada. “Addressing the construction shortage is essential, as its impact ripples across every asset class, from housing to retail and industrial. By embracing new approaches and partnerships, we have a tremendous opportunity to build the spaces our communities need and unlock growth throughout the market.”

The report said grocery anchored/open-air retail continues to outperform.

“Sentiment toward the retail segment is largely optimistic, as evidenced by the sector’s relatively low NAV (Net Asset Value) discount. Several interviewees identified retail as a good bet, with landlords reporting strong tenant demand and rising rental rates,” said the report.

“One interviewee suggested that some vacancies would be welcomed, as it would give them a chance to reset rents at higher levels. Limited construction in recent years has likely contributed to this, putting space at a premium. Some interviewees even suggested they may be looking at building new retail developments. Others noted that with cap rates compressing, those looking at investing in the space will likely find themselves paying more than they hoped.”

The report said open-air retail is performing well: interviewees identified grocery-anchored developments in suburban locations as a best bet for 2026. 

“Several suggested that there will always be a market for good-quality local retail, while others highlighted how mixed-use developments are a key strategy for bringing in customers—with the quality of the residential component bolstering the retail side and vice versa,” said the PwC report.

Provigo grocery store in downtown Montreal. Image via Broccolini

“Experiential retail is also attracting increasing attention. One interviewee highlighted the concept of “eatertainment”—the combination of food and beverage offerings with novel and sharable entertainment experiences—as an attractive opportunity because of its ability to create destination locations that then support other retail businesses nearby. Some of these experiential offerings are taking up spaces left by anchor tenant departures, helping to reinvigorate retail properties. Several owners are also looking at anchor tenant departures as an opportunity to redevelop larger spaces to unlock new value aligned with evolving consumer preferences.

“It’s important to note that the positive sentiment toward the retail segment isn’t universal. In addition to the loss of a major department store tenant this year, some interviewees said increased caution about the economy is causing more hesitation among companies considering long-term leases for large spaces, extending the time for property owners to find new occupiers.”

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Q3 2025 Canadian consumer insolvencies climb 4.8% year-over-year, reaching highest level since 2009

Photo: Anna Tarazevich
Photo: Anna Tarazevich

The latest data from the Office of the Superintendent of Bankruptcy (OSB) shows consumer insolvencies rose 4.8% year-over-year in the third quarter of 2025, reaching 36,256 filings. The Canadian Association of Insolvency and Restructuring Professionals (CAIRP), the national voice on insolvency matters in Canada, says this is the third-highest quarterly volume since the OSB’s tracking began in 1987, and the highest quarterly volume since 2009 during the global financial crisis. 

Consumer insolvencies also increased 3.3% in the third quarter compared to the previous quarter, it said.

Wesley Cowan
Wesley Cowan

“Behind these numbers are Canadians who continue to struggle to balance daily expenses with mounting debt obligations. For many, consumer insolvency filings are the result of financial pressures that have been building quietly for some time,” said Wesley Cowan, Licensed Insolvency Trustee and Vice Chair of CAIRP.

“People often wait until they feel completely overwhelmed before seeking help. But opening up about debt earlier — even just having that first conversation — can make a world of difference. Financial Literacy Month is about encouraging those conversations and showing Canadians that help is available. Licensed Insolvency Trustees offer a trusted, confidential place to talk through your options and find a way forward.”

Against the backdrop of continued household strain, the third-quarter volume of consumer insolvencies remains markedly above pre-pandemic levels, sitting 17.1% higher than the pre-pandemic five-year average for the third quarter and 29.4% above the recent four-year average. In the last 12-month period ending September 30, 2025, there were 139,335 consumer insolvencies filed – slightly more (+2.9%) than the 12-month period ending September 30, 2024. Yet even these numbers likely understate the extent of financial distress, as the fear of judgment and stigma continues to keep many Canadians struggling in silence, explained CAIRP.

The organization said business insolvencies fell in the third quarter of 2025, with 1,108 filings — a decrease of 15.5% from the same period last year and 13.3% from the previous quarter. Over the 12-month period ending September 30, 2025, there were 5,050 business insolvencies filed, down 20.8 percent compared to the 12-month period ending September 30, 2024.

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London Drugs’ Stocking Stuffers for Seniors Program returns for 10th year

Photo: London Drugs
Photo: London Drugs

London Drugs stores across Western Canada have announced the return of the annual Stocking Stuffers for Seniors initiative for the 2025 holiday season. 

Now celebrating a decade of programming at London Drugs, Stocking Stuffers for Seniors is running to December 8, encouraging communities to participate, in turn bringing comfort to seniors in need during the holidays.

Clint Mahlman, President/COO of London Drugs at the Brentwood Village Mall location in Calgary. Photo by Mario Toneguzzi
Clint Mahlman, President/COO of London Drugs at the Brentwood Village Mall location in Calgary. Photo by Mario Toneguzzi

“Seniors in Western Canada are dealing with rising costs of living, and for some, the addition of experiencing loneliness or social isolation. The holidays can present further challenges, and with Stocking Stuffers for Seniors, our goal is to continue reaching those in need,” said Clint Mahlman, president and COO of London Drugs. 

“It is an honour to collaborate with our customers again this year, in our 80th year of business, to champion a program that uplifts the seniors at the heart of our communities.”

 Active since 2015 in British Columbia, Saskatchewan, and Manitoba, and 2014 in Alberta, Stocking Stuffers for Seniors was created to spread holiday cheer to seniors in the communities London Drugs serves, explained the company. 

“Now chain-wide at London Drugs’ 80 locations, it sees holiday trees placed in stores from which customers can pick a gift tag containing wish list items for a senior in their community. All items are then returned to London Drugs for delivery to care homes; the retailer is collaborating with more than 200 care homes in Western Canada this year.,” it said.

The impacts of loneliness and social isolation are widespread globally, with approximately 11.8% of older people experiencing loneliness, per World Health Organization data. Quality of life, physical and mental health, and longevity can be affected by social isolation and loneliness, with risk factors for seniors including living alone, having compromised health status, changing family structures, location of residence, being a caregiver, or living with low income. A quarter (25%) of Canadian seniors in the lowest income group were much more likely than those in the highest income group (15%) to report being lonely, according to Statistics Canada.

“London Drugs’ Stocking Stuffers for Seniors program has delivered approximately 97,000 gifts to seniors to date. The retailer is collaborating with local organizations to ensure no seniors are forgotten this year, including Operation Friendship Seniors Society in Edmonton and Seniors Secret Service in Calgary. Gifts purchased for seniors will be delivered via the care home or charity partner connected with the London Drugs store in their community,” said the retailer.

“LDExtras members can receive additional LDExtras points per gift donated during the 2025 Stocking Stuffers for Seniors initiative: 1,000 points before December 1 and 500 points until December 8 when the program ends.”

For more information about Stocking Stuffers for Seniors, visit londondrugs.com/stocking-stuffers-for-seniors.

Founded in 1945, B.C.-based London Drugs sells throughout Canada through its online store, and has 80 London Drugs locations in more than 35 major markets across British Columbia, Alberta, Saskatchewan and Manitoba.

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U.S. Tariff Reversal Expected to Ease Food Costs for Canada

Grocery store in Alberta. Photo: Craig Patterson

After months of insisting that tariffs had nothing to do with rising grocery prices, U.S. President Donald Trump abruptly reversed course this week, rolling back duties on more than 200 food-related products. The list is broad: beef, coffee, cocoa, spices, bananas, orange juice, tomatoes, tea, and even certain fertilizers. Officially, the move is being presented as a consequence of new “reciprocal trade agreements,” but the real motivation is more straightforward. American consumers have been feeling the pain of high food prices, and the White House could no longer ignore the political consequences.

What’s remarkable is how much this decision benefits Canada. For starters, Canadian beef producers stand to gain immediately. The United States remains our largest export destination for cattle and beef products, and with U.S. tariffs now reduced or removed, Canadian beef becomes more competitive almost overnight. Feedlots in Alberta and Saskatchewan, major packing plants in High River and Guelph, and cow-calf operations across the Prairies should feel the effects in both demand and pricing.

Canadians in the importing and processing sectors will also benefit. Many do not realize just how deeply our supply chain relies on U.S. ports and wholesalers for essential ingredients such as coffee beans, cocoa, tropical fruits, juice concentrates, and spices. When the United States lowers tariffs on these products, wholesale prices drop — and Canadian companies that source through U.S. distribution hubs instantly face lower input costs. Roasters, chocolatiers, bakeries, beverage processors, food manufacturers, and restaurant chains all stand to enjoy some relief in their margins.

Consumers may not see immediate price reductions at the checkout counter, but the direction of travel matters. Lower input costs in the United States often spill over into Canadian wholesale markets, reducing pressure on our grocers and food-service operators. At a time when affordability remains the number-one concern for Canadian households, any easing of cost pressure is significant.

Here’s the context: In the U.S. the 12-month food price inflation rate recently stood at about 3.1% for all food categories. For “food at home” (grocery store food purchases) the rise was approximately 2.7%. In contrast, in Canada, food-price inflation recently was reported at around 3.8% compared to a year earlier. These rates indicate that even though food inflation has moderated somewhat, it remains well above the target inflation rate of many central banks and remains a significant burden for households.

Grocery chains operating in Canada will also quietly benefit. Loblaw, Sobeys, Metro, and Costco Canada source a substantial portion of their products either directly from U.S. suppliers or through North American procurement systems. Lower U.S. tariffs on key food commodities translate directly into more favourable sourcing conditions for these retailers. Whether this helps moderate retail pricing is a legitimate question, but it is impossible to ignore the structural cost savings that come with policy changes like this.

Of course, not every Canadian sector comes out ahead. Canadian produce growers could face competitive pressure if U.S. retail prices fall for imported fruits. Some Canadian processors competing with American firms may also find themselves at a disadvantage as U.S. manufacturing becomes cheaper. But these challenges are relatively contained compared to the broader benefits that will flow through the Canadian agri-food economy.

What Trump has done, perhaps unintentionally, is provide a rare piece of good news during a year dominated by food inflation, supply-chain turbulence, and rising insecurity at home and abroad. The North American food system is deeply integrated. When the United States lowers a major cost barrier, Canada benefits almost automatically. For once, a politically-charged decision in Washington may actually help alleviate some pressure in Canadian households.

Canada didn’t lobby for this tariff reversal, and we certainly weren’t in the room when the decision was made. But we will reap the rewards — and given the economic climate, we should take them.

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IKEA to open Gatineau Plan and order Point

Plan and order points offer customers one-on-one planning services with IKEA experts to design and purchase home furnishing solutions for any room in the home such as kitchen renovations or bedroom storage systems. Once orders have been placed, they can be delivered to their homes or collected from the pick-up location at the Plan and order point. (CNW Group/IKEA Canada Limited Partnership)

IKEA Canada says it will open a new Plan and order point in Gatineau in 2026, expanding the home furnishing retailer’s presence in Quebec.

The company announced recently that the location at 1100 boulevard Maloney Ouest will be its sixth Plan and order point in the province and 13th in Canada. IKEA Canada said the new site is part of its strategy to bring planning and design services closer to residents of the Outaouais and national capital regions.

Plan and order points provide one-on-one consultations with IKEA specialists to help customers design and purchase home furnishing solutions for rooms such as kitchens and bedrooms. The company said customers can have their orders delivered or pick them up at the location. The Gatineau site will also offer a limited range of products for immediate purchase.

Jessie Quick
Jessie Quick

“We’re focused on better meeting the needs of our customers by delivering locally relevant solutions, reaching more of the many where they are, and offering a truly seamless omnichannel experience,” said Jessie Quick, country business development and transformation manager at IKEA Canada.

IKEA Canada said the Plan and order point format helps reduce travel distances for shoppers and contributes to affordability, accessibility and sustainability improvements. The retailer said the concept has been well received in other parts of Quebec.

“After seeing such a positive response to IKEA Plan and order points in other regions of Quebec, we’re thrilled to bring this unique format to Gatineau and support the many Outaouais residents in creating a better everyday life at home through beautiful, functional, and sustainable home furnishings that fit their budget,” said Amadou Diop, market area manager for the East Market.

The company said it has been helping Canadians furnish their homes for nearly 50 years and continues to explore new ways to serve customers across the country.

For those looking to instantly refresh their spaces, visitors to the Gatineau Plan and order point will be able to shop a limited selection of products from the IKEA range (excluding food – sorry, no meatballs) for immediate purchase and takeaway. (CNW Group/IKEA Canada Limited Partnership)

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Gen Z outspending older Canadians, relying on credit this holiday season: CPA survey

Photo: Filipe Sabino
Photo: Filipe Sabino

Gen Z and younger millennials are outspending older generations this holiday season and they’re leaning on credit cards to do so, according to new survey findings from CPA Canada.

As the holiday spending season fast approaches, the national organization said the survey suggests that 40% of younger Canadians (ages 18-34) plan to spend more than last year and 58% expect to rely on credit to fund their purchases. More than half (56%) also say they’re feeling more stressed about holiday spending than they did last year.

Li Zhang
Li Zhang

“This suggests that many younger Canadians are feeling the pressure to spend, even if that means stretching their budgets a little too far,” said Li Zhang, CPA Canada’s financial literacy leader. “But relying on credit in the short term can quickly turn that joy into stress in the new year without a repayment plan.”

The CPA said older Canadians, by contrast, are taking a different approach. Among those aged 55 and up, about two-thirds (68%) plan to maintain last year’s spending levels, and nearly three-quarters (70%) say they’ll rely on savings and regular income rather than credit to cover their holiday costs.

“Across all age groups, gift giving remains the top priority, with 68% of Canadians placing it at the top of their holiday spending lists. Nationally, gift budgets have risen modestly to an average of $661, up 10% from last year, with the biggest increases among Gen Z and younger millennials who are prioritizing gift-giving and entertaining over donations and travel,” it said. 

Overall, the CPA said more Canadians (66%) plan to use savings and regular income to fund spending than credit (49%), representing a slight uptick from last year when Canadians used credit cards and savings at similar levels. This shift is driven by 70% of those aged 55 and older using savings and regular income to fund their holiday purchases.

“This is an encouraging result that suggests a cautious shift toward more mindful budgeting,” said Zhang. “Reducing reliance on credit could make a real difference in how much post-holiday debt Canadians carry into the new year.”

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Walmart, Children’s Miracle Network launch Spark a Miracle campaign (Video)

Photo: Children's Miracle Network
Photo: Children's Miracle Network

Children’s Miracle Network and Walmart Canada have launched the 2025 Spark a Miracle campaign, encouraging shoppers to donate in-store through the holiday season to support children’s hospital foundations across the country.

The organizations said the campaign runs to Dec. 24, with customers able to contribute at checkout. According to the announcement, every dollar donated stays within the community and supports the nearest children’s hospital.

Walmart Canada will also make a $1 donation for every toy sold in-store and online on Giving Tuesday, Dec. 2, with funds directed to children’s hospital foundations through Children’s Miracle Network.

Since partnering with Children’s Miracle Network in 1994, Walmart Canada and its customers have raised more than $230 million for local children’s hospitals. The organizations said money raised through Spark a Miracle helps fund research, innovation and family-centred care.

Adam Starkman
Adam Starkman

“Walmart Canada, their associates, and their customers continue to demonstrate extraordinary leadership in supporting pediatric healthcare across the country,” said Adam Starkman, President and CEO of Canada’s Children’s Hospital Foundations. “Canada’s children’s hospitals work tirelessly to give kids the best chance at healthy, fulfilling lives–but they cannot do it alone. Partnerships like ours provide the vital support needed to ensure children’s healthcare can truly succeed.”

Rob Nicol
Rob Nicol

Rob Nicol, vice-president of corporate affairs and communications at Walmart Canada, said the campaign brings out generosity during the holiday season. “There’s something powerful about what happens during Spark a Miracle,” he said. “You can feel the energy and kindness as associates and customers step up to help kids and families. It’s what the season of giving is all about.”

The organizations highlighted the story of Zander and Lyndon, twin boys born at 25 weeks who received donor-funded care at the Janeway Children’s Hospital in St. John’s after facing serious medical challenges.

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Danone Canada to expand Boucherville plant

A historic investment to increase Danone Canada’s productivity and support market growth in Canada (CNW Group/Danone Canada)

Danone Canada says it is making the largest investment in its history to expand its Boucherville plant in Quebec in response to growing demand for yogurt across the country.

The company announced recently it will increase the facility’s yogurt tub production capacity by 40 per cent and boost its ability to receive and process Canadian raw milk by 20 per cent. Danone Canada said construction is underway, with a new production line expected to be operational in 2026.

“Canadians are embracing healthier choices, and the rising popularity of yogurt, especially high–protein varieties, speaks volumes. Nutritious and accessible, yogurt has become a staple for families. This significant investment underscores our commitment to supporting local production and delivering on what we do best at Danone: bringing health through food,” said Frederic Guichard, president of Danone Canada.

Frederic Guichard
Frederic Guichard

According to the company, nearly 90 per cent of Canadian households consume yogurt, and more than one in three dairy yogurts sold in the country already comes from the Boucherville facility. Danone Canada said the expansion will help reinforce its market leadership as demand grows.

The company also said the project includes investment in new energy-recovery equipment as part of Québec’s ÉcoPerformance program, which supports initiatives under the province’s Plan for a Green Economy 2030.

Since 2022, the plant has diverted at least 99 per cent of its non-hazardous waste from landfill and sends no hazardous waste to landfill, Danone Canada said.

Géraldine Moret
Géraldine Moret

“Through growth, innovation and sustainability of our operations, we are proud to reaffirm our position as a major food producer in Canada and to lead by example when it comes to improving the sustainability of our products and operations,” said Géraldine Moret, vice-president of operations at Danone Canada.

The expansion builds on the company’s previously announced $9-million investment last June to begin producing more sustainable individual yogurt cups made from PET resin.

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