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Primaris Acquires CF Lime Ridge in Hamilton for $416M

By
Craig Patterson
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Lime Ridge Mall (formerly CF Lime Ridge) in Hamilton, Ontario. Photo: Cadillac Fairview

In a move that underscores continued confidence in Canada’s enclosed shopping centre sector, Toronto-based Primaris Real Estate Investment Trust has announced the acquisition of CF Lime Ridge Mall in Hamilton, Ontario, from an entity managed by Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan. The $416 million deal, comprised of a combination of cash and equity, is expected to close on June 17, and is among the largest retail real estate transactions in the country this year. As a result, the ‘CF’ will be dropped from the mall’s name. 

In a statement, Primaris said the acquisition includes a 100% ownership interest in the 793,000-square-foot regional mall, with $235 million paid in cash, $100 million in 6.00% exchangeable preferred units, and $81 million in series A units issued at $21.40 per unit.

“This acquisition builds on our strategy to own leading enclosed shopping centres in growing Canadian markets,” said Patrick Sullivan, President and Chief Operating Officer of Primaris. “Lime Ridge Mall is a market-leading regional enclosed shopping centre with all of the property characteristics Primaris is targeting with its growth strategy.”

Key Property in a Strategic Location

Lime Ridge Mall, located at 999 Upper Wentworth Street, is the largest shopping centre in Hamilton—a city ranked as Canada’s ninth largest population centre. The mall sits on a 65-acre parcel of land with approximately 30% site coverage, and is strategically located near the Lincoln M. Alexander Parkway and within easy access to the QEW and Highway 403.

The mall is home to major retailers including Sport Chek, H&M, and Urban Planet. A range of premium retailers such as Aritzia, Sephora, Lululemon, Browns, JD Sports, and Shoppers Drug Mart are also tenants. Primaris reported that Lime Ridge generated $841 per square foot in same-store sales productivity and $251 million in total CRU sales volume during the 12-month period ending December 31, 2024—making it the fourth highest-performing property in the REIT’s national portfolio.

Lime Ridge Mall (formerly CF Lime Ridge) in Hamilton, Ontario. Photo: Cadillac Fairview

Opportunity for Growth Despite Hudson’s Bay Exit

According to leasing details provided in investor documents, the mall currently has a long-term in-place occupancy rate of 58.5%, with an in-place occupancy of 61.3% and committed occupancy of 62.3%. The weighted average lease term sits at five years. A large portion of the mall remains underutilized, including a 125,307-square-foot former Hudson’s Bay anchor store, the future of which remains unclear.

The press release from Primaris makes no direct reference to the Hudson’s Bay space. However, sources have indicated that Weihong (Ruby) Liu—who has placed a bid on 28 former Bay locations—has also expressed interest in repurposing the Lime Ridge Hudson’s Bay location as part of her upcoming Ruby Liu department store chain.

Primaris has been actively repurposing former department store spaces across its portfolio. “There is significant opportunity for growth at this centre including leasing up vacant and temporarily tenanted space, and optimizing former department store space,” said Sullivan.

Infrastructure and Redevelopment Add Value

Further adding to the mall’s appeal is the Lime Ridge Mall Transit Terminal, which sits on the property and currently serves five transit routes. The terminal, originally built in 1997, is being redeveloped as part of a City of Hamilton initiative, with construction expected to begin later this year. Improved public transit infrastructure is expected to increase foot traffic and customer accessibility.

Additionally, since 2015, approximately $20 million in capital upgrades have been made to the mall. These improvements include roofing, HVAC, elevators, electrical systems, parking lot paving, and tenant unit refurbishments. The property also holds a BOMA Best Platinum certification for sustainability and operational excellence.

2025 Acquisition Momentum Builds

The acquisition of Lime Ridge Mall brings Primaris’ total enclosed shopping centre acquisitions for 2025 to $1 billion—exceeding its stated three-year growth target. In January, Primaris purchased the Oshawa Centre in Ontario and a 50% stake in Edmonton’s Southgate Centre for a combined $585 million, both from Ivanhoé Cambridge.

“With the acquisition of Lime Ridge Mall, we are improving the overall quality of our enclosed shopping centre portfolio,” said Alex Avery, Chief Executive Officer of Primaris. “This brings our annual same-store sales productivity to $774 per square foot, on a proforma basis, up from $768 per square foot as of March 31, 2025.”

Chief Financial Officer Rags Davloor emphasized the strength of the REIT’s financial structure, noting that the acquisition “while maintaining industry leading credit metrics, is a testament to the strategic advantages provided by Primaris’ differentiated financial model.”

Lime Ridge Mall (formerly CF Lime Ridge) in Hamilton, Ontario. Photo: Cadillac Fairview

Future Leasing and NOI Upside

The acquisition also comes with potential upside in terms of leasing and revenue generation. Primaris estimates that approximately 266,200 square feet of former anchor space, along with 53,000 square feet of vacant or temporarily leased CRU space, can be leased to high-quality national tenants at market rents.

Through its internal management platform, the REIT expects to leverage its cost efficiencies and operational know-how to drive higher net operating income. For fiscal 2025, Cash NOI is projected to range between $331 million and $337 million, up from $280 million in 2024. The acquisition is expected to be modestly accretive to FFO per unit.

On a proforma basis, the trust’s total CRU sales volume will rise to over $3.22 billion, and annual foot traffic is forecast to grow from 138 million to nearly 147 million visitors. The trade area for Lime Ridge includes more than 800,000 residents with an average household income of $121,700—higher than the REIT’s overall portfolio average.

Primaris Builds Market Leadership

Primaris REIT is the only publicly traded real estate investment trust in Canada exclusively focused on enclosed shopping centres. Its portfolio now totals 15.0 million square feet of gross leasable area, valued at approximately $4.9 billion.

With a fully internal, vertically integrated management team and a strong capital base, the trust is positioned to pursue opportunities during a time of significant transformation in the Canadian retail property landscape.

“As the only Canadian REIT exclusively focused on owning and managing enclosed shopping centres, Primaris continues to demonstrate its long-term strategy is delivering results,” said Avery. “Our scale, strong balance sheet, and deep retail relationships position us well to capitalize on a generational shift in retail real estate.”

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Smart Strategies: The Best Way to Get Financing for a Retail Business

By
Retail Insider
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Retail businesses are the heartbeat of local economies, offering everything from everyday essentials to luxury goods. However, managing a retail operation isn’t without challenges—especially when it comes to funding. Whether a business is launching a boutique, expanding a store, or upgrading inventory, securing the right financial support is essential. That’s where understanding financing for retail business becomes crucial.

In this article, the most effective methods to obtain capital for retail businesses will be explored and explained, and it will become clear why Small Business Loan Solutions from Eboost Partners stand out in today’s competitive lending landscape.

Why Financing Matters in Retail

Inventory, rent, payroll, creating pay stubs, equipment, and marketing—also, it is observed that seasonality and fluctuating consumer trends do put a great challenge on maintaining stability, which even experienced entrepreneurs face.

Here is a list of key areas that require financing:

  • Opening up a new retail space or pop-up shop.
  • Renovating an existing retail space
  • Purchasing out stock before peak demand seasons
  • Investing in technology or point-of-sale systems
  • Hiring staff during the holiday rush

Access to what retailers can count on is what determines if a business will take off or fall apart.

Traditional vs. Modern Lending: What’s Best for Retail?

In the past, retail business owners looked to banks for funding. Although banks provide low interest rates, they have a slow approval process, which also tends to favor companies with strong credit histories or large assets.

Today, in the present time, businesses see that companies like Eboost Partners have developed modern lending platforms. They provide what may be termed as a more efficient and flexible option. Also, what these lenders bring to the table is a range of small business loan solutions, which, in turn, are a great fit for entrepreneurs looking for quick and custom-made funding, and which, in many ways, is a departure from the very structured and large-scale traditional financial institutions.

Here’s how Eboost Partners differentiates itself:

  • Faster Approvals: Retailers require prompt access to capital. Eboost’s process is to issue decisions within days, not weeks.
  • Flexible Loan Options: Loans are tailored to fit the unique retail issues like inventory and marketing.
  • No Collateral Requirements: Many businesses report that they do not have to put up hard assets as collateral, which in turn puts small business owners at ease.
  • Personalized Support: Expert advisors, who assist business owners directly, present options and recommend the best solutions.

The Best Way to Get Financing for a Retail Business

There is not a single solution for all in the world of loans, but it is seen that a strategic approach performs better. These steps are put forth to help business owners make informed and sure-fire borrowing decisions for their financing for retail business needs.

1. Assess Business Needs and Timeline

At first, identify what the finance will be used for. Is the goal to fill a short-term cash need or to invest in growth that extends over time? The purpose will determine which loan option is best.

Short-Term Needs:

  • Check out working capital loans and merchant cash advances.

Long-Term Projects:

  • Check out term loans or equipment financing.

Retail businesses that have seasonal trends may also benefit from lines of credit to manage cash flow fluctuations.

2. Evaluate Financial Health

Before applying, businesses should have their financial records in order. At Eboost Partners, a very reputable lender, the review includes:

  • Business credit score
  • Annual revenue
  • Time in business
  • Profit margins
  • Existing debt

Even if a business doesn’t have perfect credit, Eboost has options available, which is a strong advantage.

3. Choose a Lender Who Understands Retail

Retail is a different animal. The industry presents unique challenges in inventory turnover, lease agreements, and staff management. Working with a lender like Eboost Partners, which specializes in retail finance, means better understanding of these issues and tailored loan terms.

In whatever type of business is being operated—whether that be a clothing boutique, electronics shop, or grocery store—Eboost takes a custom approach, which increases the chances of approval and ensures the funding matches the business model.

4. Consider the Total Cost, Not Just the Interest Rate

It is true that many focus only on interest rates when comparing loans. But smart retailers look at the full picture.

  • Are there origination fees?
  • Is there a prepayment penalty?
  • How long is the repayment period?
  • What’s the monthly cash flow impact?

Eboost Partners does not sugarcoat terms for applicants; instead, it helps business owners make informed, risk-aware decisions.

5. Apply with a Trusted Partner

Once documents are compiled and a preferred loan type is selected, it is recommended to go with a trusted provider like Eboost. The company has a quick application process, expert support, and very fast funding decisions.

Through Eboost, businesses have access to a variety of funding types, which include:

  • Term Loans
  • Business Lines of Credit
  • Equipment Financing
  • Working Capital Loans
  • Merchant Cash Advances

This wide range of options means there is a solution for nearly every retail finance need.

Why Eboost Partners?

Retail in the U.S. is experiencing a rise in the use of Eboost Partners, which has become a go-to for small business owners thanks to:

  • Simple Application Process
  • Flexible Loan Structures
  • Fast Turnaround Times
  • Dedicated Customer Support

Unlike large banks that may spend months reviewing paperwork and leave applicants waiting, Eboost navigates around red tape to deliver what business owners need as quickly as possible.

Final Thoughts

In the ever-changing retail environment, having the right funding is key to outdoing the competition. Whether facing a slow season or preparing for expansion, financing for a retail business should be strategic, timely, and customized.

With the support of a trusted partner like Eboost Partners, retailers may spend less time on financial challenges and more time serving customers, growing their brand, and reaching success.

So, for the next step in a retail success story, explore what Eboost Partners has to offer in terms of small business loan solutions. It could be just what the business needs.

Carriage Trade Doubles in Size in Toronto

By
Craig Patterson
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Nori Mirza, owner of Carriage Trade. Photo supplied

A beloved mainstay of Toronto’s retail landscape is stepping into a new chapter. Carriage Trade, a high-end women’s fashion boutique located in the Kingsway neighbourhood at 2984 Bloor Street West, has officially unveiled its expanded space, doubling its footprint to 6,000 square feet and ushering in a new era of experiential, service-focused retail.

“This is the next phase of Carriage Trade,” said owner Nori Mirza in an interview following the boutique’s grand reopening celebration. “We’ve expanded into the adjacent space, completely renovated, and created something that really speaks to who we are now—welcoming, elegant, and very much community-driven.”

Celebrating 62 Years With a Grand Opening Party

To mark the milestone expansion, Carriage Trade hosted a grand reopening event last week, bringing together loyal customers, media, Canadian designers, and community supporters.

“It was our official grand opening—really a thank-you to the people who’ve supported us for decades,” said Mirza. “Some clients brought their daughters and granddaughters. That kind of multi-generational support is what makes this store so special.”

Keeley Malloy, Carriage Trade’s Digital Marketing and Ecommerce Manager, helped coordinate the event, which featured live music from Toronto-based singer Cleopatra Williams, DJ Nick Marshall, and a catered menu curated by Toben featuring all-Canadian cuisine.

“The food was amazing—even if we didn’t get to try much of it because we were working,” joked Mirza.

Carriage Trade at 2984 Bloor Street West in Toronto. Photo supplied

A New Layout Focused on Service and Style

The expanded Carriage Trade spans two levels, offering a transformed shopping experience that includes more fitting rooms, open sightlines, and beautifully merchandised displays.

“We love it,” said Mirza. “We were a little worried at first because we couldn’t knock down the entire middle wall, but it’s worked out beautifully. Customers aren’t waiting for fitting rooms anymore, and the space feels open and airy. It’s easier to see the merchandise—and even pieces we’ve had for months now look brand new.”

Warmth and accessibility were central to the store’s design ethos. Gold-toned fixtures, walnut wood shelving, and dusty rose accents create an inviting, feminine atmosphere. “It’s not cold or intimidating,” said Mirza. “We wanted the space to feel like a place where anyone can walk in and feel welcome.”

The signature horse-and-carriage logo, reintroduced as part of the rebranding, now appears throughout the store—from the gold-accented fixtures to the embroidered velvet curtains in the fitting rooms.

The Lower Level: VIP Styling and Event Space

Carriage Trade’s expansion also includes a stylish basement level that houses sale items on one side and a soon-to-launch private styling space on the other.

“We’ll be using the room for working with stylists and our VIP clients,” Mirza explained. “It’s multifunctional—we can host events, trunk shows, and pop-ups. It’s beautiful, with high ceilings and the same warm atmosphere as upstairs.”

The design language continues in the lower level, with warm tones and soft lighting that reflect the boutique’s upscale-yet-approachable personality.

Carriage Trade at 2984 Bloor Street West in Toronto. Photo supplied

Launching the Canadian Designer Showcase

A key feature of the boutique’s evolution is its new Canadian Designer Showcase—a rotating program to spotlight emerging and established homegrown talent.

“We’ve always carried international brands, but now we’re doubling down on Canadian designers,” said Malloy. “We kicked off the showcase with jewelry designer Cynthia Miglio and fashion designer Amanda Maria, and the response has been incredible.”

Both designers attended the opening night celebration, engaging with customers and introducing their collections. Amanda Maria’s fall collection was featured as an early trunk show for the occasion, with curated selections expected in-store again for the fall season.

“Our clients were shopping that night,” said Malloy. “They loved meeting the designers and hearing their stories—it really helps to bring the collections to life.”

The plan is to rotate new Canadian designers into the showcase each season. “We want to keep it fresh,” added Malloy. “There’ll be launch parties with each new designer, and we’re continuing to meet with talent from across the country.”

An Elevated Experience—In Store and Online

Despite the boutique’s expanded physical footprint, Carriage Trade is not planning to open additional brick-and-mortar locations. Instead, the focus is on expanding the brand’s reach through a robust online strategy.

“Our clients are everywhere, not just in Toronto,” said Mirza. “And even though our store is highly curated and personal, we’ve figured out how to bring that experience online.”

From FaceTime styling appointments to curated deliveries and a 24/7 customer service ethos, the boutique’s digital team has fostered close relationships with clients across the country.

“Some of our online customers have never set foot in the store,” said Malloy. “But they shop regularly because we treat them the same way we treat in-store clients. It’s about building trust and offering a personalized experience.”

Carriage Trade at 2984 Bloor Street West in Toronto. Photo supplied

Weekly Live Shopping Builds Community

One of Carriage Trade’s most innovative approaches is its weekly live shopping event, hosted every Thursday at 6 p.m. via social media.

“We do seasonal wardrobes, vacation edits, try-ons—it’s live and interactive,” said Mirza. “Clients can ask questions, see how things fit, and request what they want to see next week. It’s incredibly engaging.”

The format has been popular with both local and remote clients. “People come in saying, ‘I feel like I already know you,’” Mirza added. “It makes the experience so much more intimate. We’re hugging by the time they leave.”

Mirza and her team are among the few in Canada experimenting with live shopping in such a consistent and personalized way—something more common in international markets like China but still rare domestically.

Staying Rooted in the Kingsway

Carriage Trade’s continued investment in its Kingsway location reflects a belief in the strength of the neighbourhood. “This area is special,” said Mirza. “It’s beautiful, it’s affluent, and there’s a great sense of community. People think of it as being outside Toronto, but we’re very much still in the city.”

While the store serves as a destination for shoppers from across the GTA, it also remains a cornerstone for the local community.

“We’ve been here for over 60 years. We’ve seen generations of women come through these doors,” said Mirza. “And we’ve grown with them. Now their daughters and granddaughters are discovering us too.”

Carriage Trade at 2984 Bloor Street West in Toronto. Photo supplied

The Future of Boutique Retail

As department stores struggle and e-commerce continues to reshape the retail landscape, Carriage Trade is thriving by doing what it does best: offering genuine, curated service with style.

“We’re not commission-based. We’re not pushy. We’re here to help you find pieces you love and feel good in,” said Mirza. “Nobody needs anything these days. People shop with us because of how we make them feel.”

The newly expanded Carriage Trade is more than just a retail store—it’s a case study in how legacy retailers can modernize without losing their soul. By blending physical warmth, digital access, and a deep understanding of customer care, Mirza and her team are redefining the boutique shopping experience in Canada.

“There’s a shift happening,” said Mirza. “People don’t want cold, sterile stores or overly edited campaigns. They want real connection—and that’s exactly what we’re offering.”

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Genco Acquires Kroeger Canada Following Bankruptcy Filing

By
Craig Patterson
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Lite Brite, photo: Kroeger Inc.

The assets of Kroeger Inc., a longtime Canadian distributor of toys, games, costumes, and seasonal goods, have been acquired by Genco International LLC following a formal insolvency proceeding and subsequent bankruptcy. The move marks a new beginning for the 50-year-old company, which has now relaunched under the name Kroeger Marketing, serving the North American market with renewed focus and leadership.

On February 28, 2025, Kroeger Inc., legally known as 1973862 Ontario Inc., filed a Notice of Intention to Make a Proposal (NOI) under Section 50.4 of the Bankruptcy and Insolvency Act (BIA). The filing named B. Riley Farber Inc. as the Proposal Trustee overseeing the proceedings. At the time of the NOI, Kroeger listed approximately $7.3 million in liabilities, including about $1.1 million owed to secured lender Pathward, National Association.

According to court filings, the NOI was prompted in part by the alleged misappropriation of approximately $1.5 million in company funds by the firm’s former Chief Financial Officer. A lawsuit has been filed against the former executive and other parties in an attempt to recover the lost funds. However, by the time of the filing, the company was in a critical state, facing a liquidity crisis with virtually no cash, severely limited access to credit, and no ability to pay key suppliers, landlords, or sales representatives. Pathward had issued a notice of default, while Kroeger’s landlord and several suppliers had begun enforcement steps.

The NOI provided a temporary stay of proceedings against the company under Section 69(1) of the BIA, offering a window to formulate a restructuring proposal. On March 10, 2025, the Ontario Superior Court of Justice (Commercial List) approved an extension to file a proposal, granting the company until May 14, 2025. A second extension was granted on May 2, 2025, following the Court’s approval of a sale of substantially all of the company’s assets. The stay was extended a final time until May 23, 2025.

However, no proposal or further extension was filed by the deadline. As a result, Kroeger was deemed bankrupt on May 23, 2025, in accordance with Section 50.4(8) of the BIA. The asset sale to Genco International had been approved and finalized prior to this date, positioning the buyer to take over operations through a newly formed entity.

Strategic Acquisition and Relaunch

While the original Kroeger entity ceased to exist, the brand’s legacy continues under new ownership. Genco International, the buyer of Kroeger’s assets, is a multinational group led by Rubin and Michelle Beige, the next generation of the Beige family that founded the globally renowned Rubie’s Costume Company. Known for their deep industry knowledge and hands-on experience, the Beiges bring a strong operational and strategic background to the new venture.

The restructured business now operates as Kroeger Marketing, with headquarters remaining in Toronto and operations continuing from a 55,000-square-foot warehouse. The executive team includes Grant Chapman as Chief Operating Officer, and Rubin and Michelle Beige as Co-Chief Executive Officers.

“This acquisition marks a new era for Kroeger. We’ve stabilized the foundation and are now looking forward to expanding our portfolio, enhancing our technology stack, and bringing innovation to every level of our supply chain,” said Chapman.

“It is with great excitement that Genco International welcomes the Kroeger portfolio into our family,” added Rubin Beige. “We see tremendous opportunity for expansion, while continuing the legacy of a company we’ve long respected.”

Distribution Model and Growth Strategy

Kroeger Marketing retains its role as a full-service stocking distributor, maintaining domestic inventory and offering replenishment services for major retailers including Walmart, Canadian Tire, Loblaws, Mastermind Toys, and Indigo. The company’s distribution model continues to support both large-scale chains and independent storefronts across Canada.

Its core strategy includes exclusive and semi-exclusive brand distribution, robust e-commerce support, and an emphasis on direct-to-consumer fulfilment. Kroeger Marketing supports both Amazon Vendor and Seller programs and “extended aisle” initiatives for retail partners.

In addition to its traditional product mix of toys, puzzles, and games, the company is expanding into adjacent categories such as arts and crafts, construction kits, lifestyle goods, and holiday costumes and accessories.

Rebuilding After Crisis

Despite the turmoil earlier in the year, Kroeger Marketing has successfully stabilized its workforce and is now focused on strategic hiring to support targeted growth areas. Leadership emphasizes that the company’s future lies in inventory agility, operational reliability, and channel-differentiated product offerings.

“Even in a challenging economic climate, our focus remains on delivering unsurpassed value through mitigating tariff impacts, offering domestic inventory, and supporting our customers with expert service,” said Chapman. “We’re open for business and actively seeking new partnerships and representation opportunities.”

Positioning for the Future

The acquisition and relaunch come at a time when supply chain efficiency, domestic fulfillment capabilities, and resilient distributor partnerships are top of mind for North American retailers. With the backing of Genco International and experienced leadership at the helm, Kroeger Marketing is positioning itself as a modern, responsive distributor for a changing market.

For Rubin and Michelle Beige, the acquisition is a continuation of a family legacy rooted in the toy and costume industries. Through Genco International, the Beiges aim to build a portfolio of brands and distribution platforms with global potential—Kroeger Marketing being a cornerstone in that vision.

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DoorDash and PC Optimum reward Canadians with new loyalty integration

By
Mario Toneguzzi
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DoorDash and PC Optimum™ Reward Canadians With New Loyalty Integration (CNW Group/Loblaw Companies Limited - Public Relations)

Ordering on DoorDash just got more rewarding! PC Optimum, Canada’s leading rewards program, and DoorDash, one of the world’s leading local commerce platforms, are working together to provide Canadians with a seamless and delicious new way to earn PC Optimum points.

Beginning today, the companies announced that PC Optimum members can earn five points for every dollar spent on eligible DoorDash orders delivered from their favourite restaurants and Loblaw-banner stores (including Real Canadian Superstore, No Frills, Loblaws, Shoppers Drug Mart, and more), offering Canadians a new way to earn.

DoorDash and PC Optimum™ Reward Canadians With New Loyalty Integration (CNW Group/Loblaw Companies Limited - Public Relations)
DoorDash and PC Optimum™ Reward Canadians With New Loyalty Integration (CNW Group/Loblaw Companies Limited – Public Relations)

“PC Optimum™ has always been about rewarding Canadians for the things they buy most often,” said Lauren Steinberg, Executive Vice President and Chief Digital Officer at Loblaw Companies Limited. “By partnering with DoorDash, we’re extending the value of our program beyond our stores and into even more moments of everyday life. Whether it’s groceries, everyday essentials, pharmacy, or now your favourite restaurant meals, we’re making it easier to earn rewards wherever and however you choose to eat. This is another step in solidifying PC Optimum™ as the most rewarding and relevant loyalty program in the country.”

Lauren Steinberg
Lauren Steinberg

PC Optimum™ members can earn five points for every dollar spent on eligible DoorDash orders after linking their PC Optimum™ account to their DoorDash account. To celebrate the new way to earn, PC Optimum™ members will receive ten points for every dollar spent on eligible orders for the first three months, unlocking double the points-earning potential – in addition to 25,000 PC Optimum points™* for customers that are entirely new to DoorDash.

Kyra Huntington
Kyra Huntington

“Connecting customers with the best of their neighbourhoods is our bread and butter, whether that’s by ordering a delicious restaurant meal, a weekly supply of groceries, or a last-minute beauty haul,” said Kyra Huntington, Head of Strategy and Operations at DoorDash Canada. “By enabling customers to earn PC Optimum™ points on many purchases through DoorDash, we’re providing customers with an accelerated way for individuals to save on future shopping trips at Loblaw-banner stores. The more you order in, the more you can save the next time you go out.”

DoorDash is one of the world’s leading local commerce platforms that helps businesses of all kinds grow and innovate, connects consumers to the best of their neighbourhoods, and gives people fast, flexible ways to earn. Since its founding in 2013, DoorDash has expanded to over 30 countries, using technology and logistics to shape the future of commerce.

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services with more than 2,500 corporate franchised and Associate-owned locations. It has more than 1,100 grocery stores that span the value spectrum from discount to specialty; full-service pharmacies at nearly 1,400 Shoppers Drug Mart and Pharmaprix locations and close to 500 Loblaw locations; PC Financial services; affordable Joe Fresh fashion and family apparel; and four of Canada’s top-consumer brands in Life Brand, Farmer’s Market, no name and President’s Choice. 

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Manulife Centre Celebrates Pride Month in Toronto

By
Craig Patterson
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55 Bloor St. W. entrance to Manulife Centre in Toronto. Photo: Craig Patterson

Toronto’s Manulife Centre is celebrating Pride Month in a bold and inclusive way, transforming its space into a vibrant destination for self-expression and Canadian identity. Running until July 1, the downtown landmark located at the corner of Bay and Bloor is hosting a month-long initiative under the theme “Live Loudly. Love Proudly.” The program includes Pride-themed visual installations and culminates with a Festival Weekend from June 27 to 29 that aligns with broader Pride Toronto festivities.

The initiative positions Manulife Centre not just as a shopping and dining destination, but as a cultural and community hub that reflects and supports the values of inclusivity and celebration.

Inside the 55 Bloor St. W. entrance to Manulife Centre in Toronto. Photo: Craig Patterson

A Pride-Focused Artistic Transformation by Tim Singleton

Central to the activation is a series of immersive visual experiences created by Toronto-based artist and designer Tim Singleton. Known for his expressive, rainbow-bright style and his exploration of queerness, surrealism, and pop culture, Singleton’s work has turned the interiors of Manulife Centre into a dynamic, photo-friendly environment.

Among the featured installations is “This Is What Pride Looks Like,” a series of interactive mirror decals framed with rainbow borders. These decals invite guests to reflect on themselves through a Pride-affirming lens, encouraging participation and visibility. Another major feature is the “Proudly Canadian. Proud Me.” mural, which merges national symbols with the vibrant colour spectrum of the LGBTQ2S+ flag. The large-scale art piece serves as a backdrop for photographs and a public statement of identity and unity.

According to organizers, the installations are “more than décor — they’re invitations to reflect, celebrate, and connect.”

Tim Singleton sign at the entrance to 55 Bloor St. W. — Manulife Centre in Toronto. Photo: Craig Patterson

Festival Weekend Celebrates Community Through Music, Brunch, and Fundraising

To coincide with the final weekend of Pride Month and the Pride Toronto parade, Manulife Centre will host a series of events from June 27 to 29. The Festival Weekend begins on Friday, June 27, with a live musical performance by local band Trash Panda in the Centre’s concourse from 5:00 p.m. to 7:00 p.m.

On Saturday, June 28, Earls Yorkville will host a Pride Brunch from 10:00 a.m. to 2:00 p.m., featuring music by DJ Regina Gently. Later in the afternoon, Trash Panda will return for a second performance, this time in the Centre’s atrium, running from 3:00 p.m. to 5:30 p.m.

The programming concludes on Sunday, June 29, with The Love Cart activation on Bloor Street. Visitors will be treated to Pride-themed popsicles and treats, with donations encouraged in support of Rainbow Railroad. The international non-profit helps LGBTQI+ individuals escape violence and persecution around the world, making this event a meaningful close to the month’s celebrations.

Manulife Centre in Toronto. Photo: Craig Patterson

Artistic Vision with a Message

Tim Singleton’s involvement brings both colour and substance to the initiative. An artist, illustrator, and designer based in Toronto, Singleton’s past work has appeared on billboards, television, murals, book covers, and branded merchandise. His pieces are often inspired by themes of queer identity and joy, rendered in bold, expressive colours that invite public engagement.

Through this collaboration, Singleton has imbued the Manulife Centre with a spirit of openness and expression. His work, which often blurs the lines between art and public experience, is a natural fit for a Pride initiative focused on visibility, inclusivity, and national pride.

Bay Street entrance to Manulife Centre in Toronto. Photo: Craig Patterson

A Landmark Retail Centre Embraces Its Role in the Community

Located at 55 Bloor Street West, Manulife Centre is a mixed-use complex that includes high-profile retailers such as Eataly, Indigo, Loblaw City Market, Shoppers Drug Mart and Cineplex Varsity VIP, as well as a range of dining options, fashion retailers, and service providers. The Centre has increasingly embraced its role as more than a retail destination, offering curated cultural experiences throughout the year.

The Pride Month celebration is part of the Centre’s ongoing efforts to connect with its diverse clientele and support events that reflect the fabric of Toronto’s population. The month-long activation supports the LGBTQ2S+ community and adds vibrancy and foot traffic to the Bloor-Yorkville area during one of the busiest times of the year.

Visitors to the Centre are encouraged to participate in the visual installations and attend Festival Weekend events. Those engaging with the experience are invited to share their moments using the campaign hashtag #LiveLoudlyLoveProudly. Manulife Centre is also promoting the campaign through its Instagram account @manulifecentre and TikTok at @manulifecentreto.

Escalator at Manulife Centre in Toronto. Photo: Craig Patterson

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Canadian household net worth rises: Statistics Canada

By
Mario Toneguzzi
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Photo- Mikhail Nilov
Photo- Mikhail Nilov

Households were wealthier in the first quarter of 2025, despite headwinds of economic uncertainty and volatile markets, as their net worth—the value of all assets minus all liabilities—increased $141.2 billion (+0.8%) to $17,599.8 billion. This marked a slowdown from the last quarter of 2024 when net worth expanded by 1.0%, but was also the sixth consecutive quarter of growth. However, as of the fourth quarter of 2024, the wealthiest 20% of households held over two-thirds of financial assets (68.1%) and over half of real estate (51.2%), reported Statistics Canada recently.

“Households’ financial assets increased 0.9% (+$97.4 billion) in the first quarter of 2025 to $10,920.4 billion despite weaker equity markets. This was the sixth consecutive quarter in which financial assets reached a record high even as trade policy uncertainty roiled markets,” said the federal agency.

“The S&P/TSX Composite Index grew a modest 0.8% after a strong second half in 2024. Meanwhile, following five consecutive quarters of growth, the S&P 500 Index shed 4.6% by the end of the first quarter of 2025. This decline deepened significantly in early April, after which markets began to regain lost ground through May. The value of non-financial assets rose for the second consecutive quarter to reach $9,777.6 billion in the first quarter, primarily due to higher residential real estate valuations (+$47.3 billion).

“Weighing against asset gains, household financial liabilities, composed primarily of mortgage and non-mortgage debt, increased $13.7 billion (+0.4%) in the first quarter of 2025.”

Photo- Tima Miroshnichenko
Photo- Tima Miroshnichenko

Statistics Canada said the household saving rate (seasonally adjusted) was down for a second consecutive quarter, declining to 5.7% in the first quarter of 2025, as the rise in household spending (+1.0%) outpaced disposable income gains (+0.8%). Households’ net acquisitions of mutual fund shares were $43.4 billion in the first quarter of 2025, following a record $73.5 billion inflow in the fourth quarter of 2024 that was driven by reinvestments. At the same time, Canadian deposits registered net inflows of $7.6 billion, the slowest build-up since the first quarter of 2021.

“In the first quarter of 2025, the pace of household credit market borrowing (seasonally adjusted) slowed to $34.5 billion, down from the fourth quarter of 2024 ($41.6 billion), which represented the fastest pace of borrowing since the second quarter of 2022. Mortgage demand fell slightly, from $30.7 billion in the fourth quarter of 2024 to $27.3 billion in the first quarter of 2025, but still represented the bulk of household borrowing in the first quarter. Meanwhile, demand for non-mortgage debt (including consumer credit) fell to $7.3 billion in the first quarter,” added Statistics Canada.

“The seasonally adjusted stock of household credit market debt (consumer credit, and mortgage and non-mortgage loans) continued to climb steadily, rising 1.1% to reach $3,072.3 billion in the first quarter of 2025, with mortgages accounting for almost 75% of the total.

“At the same time, the ratio of household credit market debt as a proportion of household disposable income increased for the second consecutive quarter, ticking up to 173.9% in the first quarter as debt grew faster than income. In other words, there was $1.74 in credit market debt for every dollar of household disposable income in the first quarter, but this was still well below the $1.79 registered at the outset of 2024.”

StatsCan said 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—held firm at 14.40% in the first quarter of 2025 as growth in disposable income kept pace with total debt payments, which helped to curtail aggregate debt servicing pressures.

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Walmart Canada lowers price on hundreds of key staple items

By
Mario Toneguzzi
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Source- Walmart
Source- Walmart

With the rising cost of living top of mind for most Canadian families, Walmart Canada said Monday it has lowered the every day low price of hundreds of staple items to help Canadians save money and live better, with more to come.

Since February, Walmart Canada has lowered the price on hundreds of items, including some fresh fruits and vegetables, bathroom tissue, water, cheese, ground beef and shampoo. This is part of Walmart Canada’s mission to provide Every Day Low Prices (EDLP) so customers can rely on consistent, low pricing across the items they’re searching for, saving them time and money on their total basket, said the company.

With Every Day Low Prices, a Canadian family of four can save, on average, more than $450 per year when they do their weekly shop at Walmart as compared to any other major grocery store. This is the equivalent of more than two weeks of groceries, it added.

Venessa Yates
Venessa Yates

“Since 1994, we’ve been helping Canadians save money and live better with every day low prices. At a time when Canadians are feeling more financially stretched than ever, we’ve lowered the price of hundreds of key items across our stores and website,” said Venessa Yates, president and CEO, Walmart Canada.

“We want Canadians to know we’re working hard to help them save, especially at a time when many are struggling to make ends meet. We know we might not win every day on every single item, but customers can trust that on their total grocery shop they will save money at Walmart.”

Sam Wankowski
Sam Wankowski

“We know our customers work hard for every dollar, so we’re laser-focused on bringing them the lowest price that we can on their basket every time they shop with us,” said Sam Wankowski, chief merchandising officer, Walmart Canada. “That’s the core of our Every Day Low Price philosophy – and it helps customers complete their weekly shop within their budget. In addition to the everyday prices we’re lowering, our customers will continue to benefit from thousands of Rollback offers in-store and on Walmart.ca each week.”

Walmart Canada said its associates continually look for opportunities to find cost savings (Every Day Low Cost) and pass those along to its customers through Every Day Low Prices. EDLP is part of its commitment to helping Canadians save money so they can live better.

“But what does that actually mean for customers? It means customers can consistently and dependably find low prices at Walmart in stores and online, on the products they’re looking for at the quality they’d expect. And when customers shop with us, we’re working hard to have consistent stock of these items to save them time – so they can complete their shop without having to go elsewhere. Through it all, Walmart is working to keep prices low so that when customers do their weekly shop with us, they save money,” said the retailer. 

“Rollback offers are one of the ways EDLP comes to life at Walmart, lowering our every day low prices even further. Early June marked the start of Walmart Canada’s Summer Rollback campaign, featuring over 8,000 new Rollback offers in-store and online. Customers can save on categories like apparel, electronics, health and wellness, and more.”

Walmart Canada has more than 400 stores nationwide serving 1.5 million customers each day. Walmart Canada’s flagship online store, Walmart.ca is visited by more than 1.5 million customers daily.

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OK Tire announces appointment of Brian Mielko as new President and CEO

By
Mario Toneguzzi
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Photo- OK Tire
Photo- OK Tire

OK Tire Stores Inc. has announced the appointment of Brian Mielko as the company’s new President and Chief Executive Officer.

The company said Mielko brings a wealth of experience and a deep commitment to franchise-driven businesses— making him ideally suited to lead OK Tire into its next chapter of growth and innovation.

“Throughout his career, Brian has demonstrated a strong ability to support franchise owners and build thriving partner relationships. At Coca-Cola and Unilever, he developed retail programs for grocery clients and launched high-impact campaigns for Home Hardware, gaining valuable insight into working with independent yet highly dedicated business owners,” it said.

“Most recently, at Sailun Tire, Brian led high-performing sales and marketing teams responsible for delivering multi million-unit programs to TBC Corporation’s Big O and Midas channels. With over 13 years in the tire industry, he has consistently created strategic programs that accelerate client growth—anchored in solid planning, disciplined execution, and trusted partnerships.”

“Brian’s deep understanding of franchise operations, supplier dynamics, and customer needs makes him a natural fit to lead OK Tire,” said the Board of Directors in a joint statement. “We are thrilled to welcome him to the OK Tire team and look forward to the meaningful conversations ahead that will help shape the future of our organization.”

Shayne Casey
Shayne Casey


OK Tire said it would also like to extend its sincere gratitude to Shayne Casey, Chairman of the Board, for his dedicated leadership and support as interim CEO. “Shayne played a critical role in guiding OK Tire through a pivotal time in the company’s evolution, including the preparation and launch of the strategic distribution partnership with Groupe Touchette announced earlier this spring.”

Under Brian’s leadership, OK Tire will continue to pursue the brand’s bold vision: being the most trusted and recognized tire and auto service franchise brand in Canada, serving both commercial and passenger/light truck (PLT) sectors. The company remains committed to delivering exceptional service, enhanced inventory accessibility, and competitive pricing—empowering stores to maintain profitability while exceeding customer expectations, added the company.

Brian Mielko
Brian Mielko

“It’s truly an honour to join such a trusted and iconic Canadian brand — one with a rich legacy, a passionate and entrepreneurial network, and a clear vision for the future,” said Mielko.

“I’m excited to work alongside the talented teams at OK Tire, our new distribution partner Groupe Touchette, our valued suppliers, and most importantly, our incredible dealer network. Together, we’ll continue to grow, innovate, and deliver exceptional service to communities across the country. Looking forward to the road ahead!”

OK Tire has a deep-rooted history as a tire and auto service retailer, being a part of the Canadian landscape since 1953 and now driving more than 325 independently owned and operated locations across the country.


“Brian’s leadership style and deep-rooted commitment to collaboration, community, respect, and accountability align perfectly with our culture and vision as OK Tire moves into its next chapter,” added Casey. “As we continue striving for excellence across our network, we are confident that his focus on building strong partnerships at both the local and national level will drive sustained growth and innovation, and we look forward to the exciting road ahead.”

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Dope Bakehouse ready for solo debut in Vancouver

By
Mario Toneguzzi
-
Photo: Juno Kim
Photo: Juno Kim

Nemesis’s in-house bakery is growing up. This summer, Dope Bakehouse is striking out on its own with the opening of its first-ever standalone location at 650 Mountain Highway in North Vancouver. Originally developed to complement Nemesis’s excellent coffee program, Dope Bakehouse has since earned a loyal following – and now, it’s ready for its solo debut.

At the helm is Kevin Lucas, a classically trained pastry chef who grew up in Brittany, France, the birthplace of the famous kouign-amann. His career has led him around the world, including working at prestigious spots such as Audierne, La Plagne, Tignes, Arcachon, and Saint-Barthélemy. Lucas brings a deep respect for French technique, creativity, and a passion for all things laminated, said the company. 

Dope Bakehouse is expected to open later this summer

Jess Reno at Dope Bakehouse - credit Juno Kim
Jess Reno at Dope Bakehouse – credit Juno Kim

“We first named our in-house bakery program Dope Bakehouse at our Nemesis Polygon location, and it really took off beyond our imaginations. It was then we knew we had something really special,” explains Jess Reno, founder and CEO of Nemesis. “Through our pastry friends, we were connected with Kevin. It’s now the right time to give Dope its own home.

Lucas will work closely with Nemesis’s culinary leadership, executive chef Mielye Mitchell and executive sous chef Lina Serrano, to continue pushing the boundaries of what a modern bakehouse can be. Also on the team, an international network of super talented chefs and pastry chefs collaborating on this pursuit of passion, explained the company.


“Guests can expect a distinct Dope Bakehouse identity, one that still carries the Nemesis spirit of “coffee creating culture”, but with its own rhythm and energy. Every pastry will be made on-site, with new features dropping throughout the month. The menu will highlight signature viennoiserie, seasonal pastry creations, cookies, focaccia sandwiches, and more. Examples include: Mango Coconut Rice Pudding Danish, Hochija Strawberry Danish, Bacon Smoked Cheese and Fermented Honey Croissant, Marsala Tiramisu Cruffin, and Espresso Double Chocolate Smoked Sea Salt Cookie,” said the company.

The 3,000-square-foot space, including its kitchen facility, features 15 seats and a 24-foot ceiling. The room highlights baking themes, designed in collaboration with up-and-coming design firm Sml Studio Architecture. Inspired by re-interpreted nostalgia, guests will see the curves of viennoiserie, colours of baked goods, and a glossy bar reminiscent of butter upon their visit, it said.

“We’re just having a lot of fun with this concept. Our goal has always been to create spaces where people feel inspired by the whole experience – from the food, the drinks, to the music, the design, and the people. Dope Bakehouse is the embodiment of our tongue and cheek spirit – the playful, younger sibling to Nemesis. We can’t wait to share it with the North Shore community and beyond,” said Reno.

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