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Rimrock Banff to join Emblems Collection: A New Era of Mountain Luxury in North America

By
Mario Toneguzzi
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Photo: Rimrock Banff
Photo: Rimrock Banff

Rimrock Banff, one of the most iconic retreats in the Canadian Rockies, is poised to redefine mountain luxury as the first Emblems Collection property in North America, according to a blog on the brand’s website by Anastasia Martin-Stilwell, Regional Director of Public Relations, Canada’s Western Mountain Collection’ Fairmont Hotels & Resorts + Rimrock Banff, Emblems Collection.

Owned by Oxford Properties Group and a capital partner, the resort will undergo a  fully transformative renovation beginning in October 2025 and will reopen in summer 2026 as a flagship for Accor’s newest luxury collection brand, blending its storied legacy with a visionary redesign, it said.

“Poised high above the Bow Valley, just minutes from downtown Banff, the property balances seclusion with proximity to the Banff Gondola and historic Upper Hot Springs. Though the current resort opened in 1993, this site has welcomed visitors since the early 1880s, when travellers first arrived seeking its natural springs for rejuvenation,” said Martin-Stilwell.

Photo: Rimrock Banff
Photo: Rimrock Banff

“For more than a century, this intimate retreat has embodied Banff’s spiritual calm, cultivating a legacy of timeless charm, renewal, and elevated hospitality. For decades, Rimrock Banff has offered a sanctuary in the heart of Banff National Park — a place of sweeping mountain vistas and a deep, immersive connection to nature. Its reinvention marks a new era, one that elevates its essence while preserving the authenticity guests have long cherished. The Emblems Collection brings together exceptional properties, each one defined by a unique identity, intimate sense of place, and a refined, enduring elegance.”

Maud Bailly
Maud Bailly

“We don’t just open hotels. We craft tomorrow’s legacy. Rimrock Banff, Emblems Collection will be more than a luxurious retreat; it will be a place where the beauty of nature and the sophistication of Emblems come together to offer an unparalleled experience. As the first Emblems property in North America, it represents our vision for the brand: distinctive, intimate, and deeply connected to its surroundings. We are proud to bring this vision to life in collaboration with Oxford Properties Group, a trusted partner whose deep expertise and commitment to excellence are instrumental in shaping this next chapter for luxury hospitality in Canada,” said Maud Bailly, CEO of Sofitel Legend, Sofitel, MGallery and Emblems

“Studio Collective, renowned for its immersive and emotive design philosophy, is spearheading the visionary redesign at Rimrock Banff, Emblems Collection, shaping a contemporary retreat that seamlessly balances modern refinement and sustainability with raw natural beauty. This evolution introduces captivating new elements that redefine the guest experience, including: a breathtaking mountainside infinity pool with sweeping views of the Bow Valley, vitality pools, ice immersion bathing, panoramic saunas, A Visionary Redesign Rooted in Nature meditation rooms, movement studios, and an expedition centre designed to offer guests insight into the adventures and activities available in the iconic Canadian Rockies. Wellbeing at the resort will be prioritized through thoughtful curation, offering year-round, season-to-season immersion within the natural elements while fostering profound introspection and exploration,” according to Martin-Stilwell.

“Rimrock Banff, Emblems Collection will be a serene mountain retreat where nature and luxury exist in perfect harmony. Uninterrupted views of the national park’s wild beauty will be preserved and enhanced, immersing guests in a renewed sense of place that captures the charismatic allure of the Canadian Rockies. At the heart of this new chapter are enhanced experiences centering on wellness, connection, and sensory-rich dining, with new restaurant and bar experiences drawing inspiration from the land and seasons, as well as the stories of Banff.”

Photo: Rimrock Banff
Photo: Rimrock Banff
Tyler MacDonald
Tyler MacDonald

“Rimrock Banff has represented a place of relaxation, adventure, and luxury for travellers and local residents alike for generations. Alongside our longtime partners at Accor, we’re proud to be reinvesting in this landmark destination and reimagining it as a new expression of quiet mountain luxury as the first ever Emblems Collection property in North America. Through this visionary redevelopment, Oxford will build on Rimrock’s storied legacy by delivering a timeless and elevated hospitality experience that helps drive tourism to the Canadian Rockies while maintaining its historic identity. It is a unique and exciting opportunity that perfectly encapsulates our long-term conviction in the future of Canadian hospitality and deep commitment to investing in Canada, where we have announced over $2B of investment activity in the past month,” said Tyler MacDonald, Senior Vice President and Head of Hotels at Oxford Properties Group.

Photo: Rimrock Banff
Photo: Rimrock Banff

The blog said Rimrock Banff, Emblems Collection’s upcoming transformation is a key step in Emblems’ global expansion, which includes iconic projects such as Lucknam Park Hotel & Spa, Emblems Collection in the UK, a renowned country house and British heritage icon near Bath; the Elatos Resort, Emblems Collection in Greece, an eco-wellness sanctuary on Mount Parnassus set to open in 2026; and Hotel Bellevue Cortina d’Ampezzo, Emblems Collection in Italy, a masterpiece of alpine luxury also scheduled for 2026. Emblems is on track to reach 15 properties signed by 2025, with its first property opening at the end of this year in Europe. The addition of Rimrock Banff, Emblems Collection marks the beginning of Emblems’ presence in North America, setting the stage for further growth in the region.

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Worksmith Acquires Progress Retail in Retail Tech Merger

By
Craig Patterson
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Retail facilities maintenance and store experience management software company Worksmith has announced the acquisition of Progress Retail, a move that aims to transform how multi-location retail brands manage both their physical environments and their workforce. The strategic combination creates a vertically integrated retail operations platform that streamlines facilities management, staff learning, task execution, and communication.

The integration brings together Worksmith’s strengths in vendor management and service execution with Progress Retail’s expertise in employee training and streamlining store operations and experience. This expanded capability targets the growing need among retailers for a unified solution to run operations efficiently at scale.

Bryan Burkhart, CEO of Worksmith, said the acquisition marks a significant step toward realizing the company’s long-term vision: “The acquisition of Progress Retail represents the next step in our vision at Worksmith to become the one-stop shop for retail operations. Up until now, retail operations leaders have had to rely on a multitude of different systems to run their complex, geographically-dispersed, operations. With the acquisition of Progress Retail by Worksmith, this job becomes a little easier.”

Addressing a Fragmented Retail Tech Stack

The combined platform aims to solve a major pain point for retailers: the fragmentation of tools used across departments like HR, learning and development, visual merchandising, and store maintenance. By unifying these functions, Worksmith and Progress Retail aim to reduce operational complexity, improve employee engagement, and enhance customer experience.

According to Deloitte’s 2025 Retail Outlook, 69% of retail CIOs plan to increase investment in frontline store technology to enable unified commerce and reduce attrition. The new combined platform responds to this shift by offering a fully integrated solution that supports both backend operations and frontline execution.

Progress Retail’s learning management and workforce experience tools — which include capabilities such as task management, employee communication, and training — over time will be integrated into Worksmith’s service execution suite, which is already used by major global retail brands such as Burberry, Nespresso, Ferragamo, Louis Vuitton, and Tiffany & Co.

Global Reach and Continued Innovation

Progress Retail, which was founded in 2017 and led by Ray Riley has grown its client base internationally, with customers in North America, Europe, Africa, and Asia-Pacific. Notable clients include Fleet Feet, Faherty, Lume, in addition to Canadian brands including Pilgrim and Andrews.

Importantly, all Progress Retail employees will remain with the company. This ensures continuity for current clients and is expected to accelerate product innovation across the combined platform. The Progress Retail business unit will continue operating under its existing leadership, with CEO Ray Riley assuming the new role of Vice President of Retail at Worksmith.

“Coming off a strong 2024, we’re eager to deliver a unified, tailored solution for cross-functional retail leadership across facilities and maintenance, visual merchandising, retail operations, HR, L&D, and more,” said Riley. “We are excited to continue our mission of simplifying retail operations with Bryan and the Worksmith team.”

A Shared Vision for Future Growth

Worksmith and Progress Retail say the integration will allow them to pursue expanded product capabilities and potentially other strategic acquisitions. The companies plan to cross-offer each platform to their respective client bases, and jointly market the new integrated solution to new retail brands.

“We are excited to welcome the Progress Retail team to Worksmith; to increase investment in the Progress Retail software platform; to offer the Progress Retail software to existing Worksmith customers; to offer the Worksmith platform to Progress Retail customers; and to market the combined solution to new, prospective customers,” said Burkhart. “Together, we provide a comprehensive offering for retail operations leaders.”

The joint platform is positioned as an all-in-one solution to help retailers optimize their store performance, automate key functions, and scale global operations efficiently.

About Worksmith

Austin-based Worksmith is a facilities maintenance and store experience management platform focused on simplifying store operations for multi-location retailers. A three-time Inc. 5000 honoree (2022–2024), Worksmith enables brands to streamline vendor management and ensure service consistency across their store networks. Its platform helps retailers drive customer satisfaction through reliable, repeatable in-store experiences.

About Progress Retail

Founded in 2017, Progress Retail provides workforce learning, communication, and task management tools for store teams. The company has delivered over one million learning hours and executed more than one million smart tasks across its platform. With no external capital raised, Progress Retail has grown its reputation and client base through product innovation and a customer-centric approach. The company received multiple awards in G2’s Spring 2025 report, including Best Support, Best Relationship, and Easiest To Do Business With (Mid-Market).

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Fiducia Demands Reform at Calgary Co-op Over $440M Risk

By
Craig Patterson
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Calgary Co-op Store Front. (CNW Group/Odd Burger Corporation)

*This article was updated from an earlier version to include a statement from Calgary Co-op below.

Fiducia Infrastructure, a private investment firm with expertise in turnarounds and real estate, is calling for changes at Calgary Co-operative. The firm alleges that financial mismanagement and governance breakdowns have put the member-owned organization at risk of collapse.

A letter sent to the Calgary Co-op board outlines Fiducia’s proposal for reform. The plan includes appointing independent directors, forming a separate property company, and bringing in qualified executive leadership to guide a turnaround. Fiducia has also launched a campaign website, SaveCalgaryCoop.com, to rally the organization’s more than 400,000 members.

“Calgary Co-op’s current leadership has presided over a steady erosion of performance, accountability, and member confidence,” said Albert Guido, Managing Partner at Fiducia. “This is not a governance structure built to serve members — it’s one designed to protect insiders.”

Acquisition Overpayments and Operational Losses

Fiducia points to several failed investments that it says have damaged Calgary Co-op’s financial health. One of the largest concerns is the 2021 acquisition of Care Pharmacies. The Co-op paid more than $160 million, despite external valuations estimating the company’s worth between $6 million and $10 million. Fiducia says the purchase reflects an 80-times EBITDA multiple, far above industry norms.

Another major concern for Fiducia is the acquisition of Willow Park Wines & Spirits. Calgary Co-op recorded $51 million in goodwill related to the transaction, although the business was reportedly generating just $3 million per year in profit. Fiducia says the acquisition has not delivered any measurable return and continues to weigh on the Co-op’s finances.

Derivatives Exposure Raises Solvency Concerns

In addition to what it says are questionable acquisitions, Fiducia is raising alarms over a growing financial liability. The Co-op is reportedly facing over $440 million in derivatives exposure, with obligations due by 2027. The firm claims this exposure was not properly disclosed and could lead to insolvency.

Last year alone, Calgary Co-op reportedly lost $5.3 million due to these interest rate contracts. Fiducia alleges the Co-op has resorted to selling off inventory to manage its cash flow.

“If Calgary Co-op were a publicly traded company, this leadership team would have been removed years ago,” Guido said.

Real Estate Strategy Under Scrutiny

Calgary Co-op owns a substantial real estate portfolio estimated at more than $800 million. Fiducia says the portfolio has underperformed due to poor capital allocation and a lack of professional oversight.

The firm highlights several recent projects, including the newly opened Oakridge location, as examples of what it calls financially unsound investments. Fiducia says the Oakridge development involved over $35 million in land and building improvements. Given typical margins of around 3.4% on grocery and pharmacy sales, the firm argues it is virtually impossible for the store to generate a sustainable return on that investment.

To break even, the Oakridge store would need to generate over $100 million in annual sales, a threshold that no current Calgary Co-op location reaches. Fiducia says these numbers reflect a broader failure in return-on-investment planning and capital deployment.

As part of its proposed solution, Fiducia says it is calling for the creation of a dedicated property company (PropCo) to manage the Co-op’s real estate assets and improve financial transparency.

Leadership Vacuum and Board Entrenchment

Calgary Co-op has not had a permanent CEO since October 2024, when former CEO Ken Keelor departed. The position remains unfilled ten months later.

Following Keelor’s departure, another Board Chair assumed responsibility for risk management. Fiducia argues this concentration of oversight was inappropriate and suggests a breakdown in governance separation between board and management roles.

The firm also alleges the board has failed to enforce its own term limits. It says some directors have remained in place for eight to nine years, reportedly using interim reappointments to bypass bylaws. Fiducia says this practice undermines member accountability and isolates leadership from necessary scrutiny.

Fiducia’s Plan for Change

Fiducia is urging the board to immediately appoint four new independent directors with experience in retail, governance, and capital strategy. It is also calling for the appointment of an Executive Chair or Interim Strategic Advisor to lead the turnaround.

The firm has submitted a private offer to acquire Calgary Co-op’s land portfolio. The proposed transaction is valued between $150 million and $200 million, backed by a $10 million deposit to begin due diligence. Fiducia says it expects resistance from the board and has released its proposal publicly to ensure members are informed.

Despite the proposed acquisition, Fiducia says it does not seek control of the organization. Its goal, according to the firm, is to restore financial discipline, protect member interests, and prevent further value destruction.

Calgary Co-op Responds to Fiducia’s Allegations

In response to the public campaign and claims made by Fiducia Infrastructure, Calgary Co-op issued a statement rejecting the firm’s assertions and defending its governance and business practices.

“Fiducia’s press release is filled with inaccuracies, basic factual errors and numerous assumptions that show a fundamental lack of understanding of Calgary Co-op’s business and our robust governance practices. Even a casual reading of our audited public disclosures would reveal a fundamentally different and much more accurate picture than what Fiducia has attempted to present.

We are always interested in constructive dialogue with our stakeholders and consistently seek feedback about how we can serve members better, operate more efficiently and create even more sustainable and lasting value in the community. We look forward to continuing these discussions, and our Board of Directors and management team remain focused on executing on our strategy, purpose-built around our 400,000 member-owners, the communities we serve, and our producers, growers, vendors, and community partners.”

For More Information:
Visit: www.SaveCalgaryCoop.com
Media Contact: SaveCalgaryCoop@gmail.com

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TikTok’s economic impact in Canada

By
Mario Toneguzzi
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Photo: MART PRODUCTION
Photo: MART PRODUCTION

TikTok has released its “The Economic Impact of TikTok in Canada,” developed by consulting firm Nordicity, which quantifies the economic impact of small and medium-sized businesses (SMBs) that use TikTok to reach audiences in Canada and globally from 2019-2024.

It said it not only delivers entertainment – it powers economic growth for 613,000 Canadian small and medium-sized businesses (SMBs) using the platform, and the Canadian economy at large. 

The social media platform said it has emerged as a platform where Canadian entrepreneurs are finding new customers, and financial success can be unlocked. 

Nordicity, a leading international consulting firm providing economic analysis, estimates that in 2024 alone, the platform supported a combined total of $2.3 billion in gross domestic product (GDP) for Canada and the equivalent of 19,250 full-time jobs (FTEs) across its operations and SMB activities on the platform.

Joshua Bloom
Joshua Bloom

“We’ve seen how businesses of all kinds, across Canada, have utilized TikTok’s unique ability to not only reach, but forge impactful relationships with customers around the world – driving a positive impact on everything from finding new hires, to marketing, to driving increased revenue,” notes Joshua Bloom, GM, Global Business Solutions at TikTok Canada. “This report clearly demonstrates what our team already knows and is so proud of – TikTok, as a platform and as a local team, has a significant impact on the Canadian economy and drives results for small businesses.”

In fact, Nordicity highlights that 84% of surveyed SMBs reported promotion on the platform is essential to their survival.

Kristian Roberts
Kristian Roberts

Kristian Roberts, CEO and Managing Partner of Nordicity said: “As our findings reflect, TikTok Canada provides significant contributions to the Canadian economy both as a business itself and also as key enabler of success in many small and medium-sized businesses around the country.”

Key highlights:

  • Over the span of five years, TikTok Canada’s operations injected $1.4 billion into the national GDP, directly supporting 9,000 full-time equivalent (FTE) jobs;
  • In 2024 alone, it contributed $2.3 billion to Canada’s economy and supported 19,250 full-time equivalent (FTE) jobs through its operations and small business activities on the platform;
  • SMBs on TikTok reported a $950 million increase in revenue in 2024, driven by their marketing investment on the platform;
  • Among the Canadian SMBs and creators surveyed for the report, 84% said that advertising on TikTok is “essential” to their survival and 55% ranked TikTok as the leading social media platform for business promotion.The research by Nordicity also shows that in 2024 it’s estimated SMBs using TikTok contributed $1.4 billion in GDP to the Canadian economy and supported 13,670 FTEs;
  • Through marketing investment on TikTok, SMBs increased their revenue by $950 million across Canada

Behind these figures are inspiring success stories from real Canadians across the country:

Smudge the Blades
Smudge the Blades

Alberta – Harlan Kingfisher, founder of Smudge the Blades, blended Cree culture with hockey to create a brand rooted in Indigenous identity. His business gained velocity through TikTok, where 80% of sales now originate.

XXL Scrunchie
XXL Scrunchie

Ontario – Tina Nguyen, founder of XXL & CO, saw her accessory brand become an overnight sensation, moving from her parents’ closet to a 4,000-square-foot warehouse thanks to TikTok.

Chez Mag
Chez Mag

Québec – Marc-Antoine Gagnon, owner of Chez Mag, turned his restaurant into a provincial sensation after one viral TikTok video. He has since opened a food truck and doubled his restaurant staff to meet the overwhelming demand.

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American Express survey: 71% of business travelers see travel as positive

By
Mario Toneguzzi
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Photo: Tima Miroshnichenko
Photo: Tima Miroshnichenko

The way Canadians travel for work is changing with Gen Z leading a shift in one area: bleisure. According to new research from American Express Canada, younger employees are approaching business travel differently than their Gen X and Boomer counterparts. 

Here are a few highlights from the American Express report:  

  • Travel still drives satisfaction and growth. 71% of Canadian business travelers across generations say it positively impacts their job satisfaction, and two thirds (67%) believe it supports their career development. 
  • Bleisure preference shifting. While nearly half of Millennials (45%), Gen X (47%) and Boomers (53%) are more likely to extend business trips for leisure (i.e., ‘bleisure’), only a third (34%) of Gen Z travelers do the same and only 25% were interested in exploring this option in the future (compared to 46% of Millennials) – indicating a stronger preference for keeping work and personal time separate.  
  • Shared benefits across all age groups. Regardless of generation, business travelers agree that improved team collaboration, stronger client relationships, and increased employee satisfaction are the top benefits of corporate travel. 

This survey was undertaken by The Harris Poll Canada. It ran overnight on May 14 and 16, with a total of 3,024 randomly selected Canadian adults, 603 of whom are business travelers and 336 who book business travel for others.

Some additional poll findings from the American Express report:

  • 71% of Canadian business travelers said that business travel has an impact on their job satisfaction 
  • 67% of Canadian business travelers said that business travel has an impact on their career growth  
  • When booking business travel, 71% would consider extending their trip to make it a longer vacation 
  • 63% of business travelers would have liked an extended stay on their last business trip to make it a longer vacation  
  • 76% of those booking travel said that they believe business travel is important for their company’s growth  
  • Only a third of Gen X business travelers (34%) have blended work travel with leisure and just a quarter (25%) would like to experience it in future business trips  
  • 44% of business travelers expressed interest in blending business with leisure, with Gen X / Boomers+ (55%) most likely to have interest. 
  • 37% of business travelers and bookers believe business travel strengthens client or partner relationships and improves team collaboration, while 33% agree that is has a benefit for providing new business opportunities.  
  • The survey found that new business opportunities (27%), conferences (26%), and professional development (25%) are the top factors influencing corporate travel destinations. 
Phanikar Yenamandra
Phanikar Yenamandra

Phanikar Yenamandra, Vice President Customer Marketing and Engagement at American Express Canada, said Gen Z may be more intentional about drawing boundaries between work and personal time.

“Unlike Gen X or Boomers – of whom nearly half extend work trips for leisure – only a third of Gen Z travelers do the same, and even fewer (25%) are interested in doing so in the future,” he said. “It’s possible many of them entered the workforce during a period of blurred work-life lines and they’re now reclaiming that separation.

“Companies should think about what their business travel incentives look like and if it matches up with their employees’ needs and preferences. For younger employees, it’s about travel with clear value, efficient itineraries, and flexible policies. We may see a shift toward tools that respond to this by offering greater choice. That’s where the things we do at Amex can help – with flexible rewards, premium access and tools that make business travel feel like it offers employees a competitive edge.”

Yenamandra said American Expreiss is building for the kind of business traveler who wants flexibility, speed, and personalization.

“That means smart, intuitive tools for managing expenses, access to exclusive perks that upgrade the travel experience, and rewards that go beyond the basics. Whether it’s point accelerators on flights, lounge access between meetings, or simplified mobile expense tracking, our travel solutions are designed to support a modern, mobile workforce,” he said. “Our Platinum Cards for example help you earn points on business travel, which you can redeem for personal trips, plus enjoy access to 1,400+ airport lounges. Gen Z values convenience, control, and efficiency – so we’re designing products and platforms that let them travel on their terms, while still delivering the premium service Amex is known for.

“Business travel remains a powerful way to build relationships, drive growth, and foster innovation regardless of generation. In fact, 71% of Canadian business travelers say it boosts job satisfaction, and 67% say it supports career development. We’re helping companies maximize that value by streamlining the travel and payment experience. From smart expense management to curated travel perks, our goal is to make business travel feel purposeful and productive for employees, while giving employers the data and insights to make smarter decisions.

“Business can focus on smarter, more strategic spending in response to changing attitudes – and investing in experiences that deliver clear ROI, like team offsites or client-facing travel. And they’ll need tools that offer visibility, flexibility, and personalization. That’s where Amex can add real value, helping organizations balance employee expectations with business outcomes.”

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Boost for Restaurants Canada’s Consumer Dining Index

By
Mario Toneguzzi
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Photo- Restaurants Canada
Photo- Restaurants Canada

Restaurants Canada’s Consumer Dining Index (CDI) rose to 89.8 in May 2025, up from 87.0 in April. On a year-over-year basis, the index shows even stronger growth, increasing by 7.2 points compared to 82.6 in May 2024, according to Chief Economist and Vice President of Research for Restaurants Canada, Chris Elliott.

Chris Elliott
Chris Elliott

The strongest growth came from the dinner day part. In May, 31% of Canadians reported purchasing dinner from a restaurant at least once a week, up from 24% the year before. This increase was largely driven by more frequent visits among consumers aged 35 to 54, said Restaurants Canada.

Despite the overall increase, certain day parts lagged behind. The snack and coffee category saw a two-point drop from April, with a minimal year-over-year increase of one percentage point. Lunch showed a similar pattern, indicating continued weakness in mid-day dining.

Much of May’s overall rise can be credited to Millennial consumers (30 to 41 years old). In 2025, 56 percent dined out once a week or more, compared to 51 percent a year earlier. Gen X (42 to 59 years old) also made a notable impact, with 54 percent dining out weekly—up significantly from 42 percent in May 2024, added Restaurants Canada.

For more details, check out the latest REACT report here.

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Canada’s internal trade barriers finally coming down: CFIB (Video)

By
Mario Toneguzzi
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Photo: Adi K
Photo: Adi K

More progress has been made on removing trade barriers within Canada in the past six months than in eight years since the Canadian Free Trade Agreement (CFTA) was signed, finds the Canadian Federation of Independent Business (CFIB)’s latest State of Internal Trade report: Interprovincial Cooperation Report Card.

Ryan Mallough
Ryan Mallough

“While progress to date has been encouraging, we also have seven different jurisdictions taking seven different approaches to mutual recognition. That kind of patchwork can wind up recreating the barriers it was meant to knock down,” said Ryan Mallough, CFIB’s vice-president of legislative affairs.

“We’re marching the ball down field, but we haven’t reached the end zone just yet. The premiers and the prime minister have instructed the Committee on Internal Trade to reach a pan-Canadian mutual recognition agreement for December. We’ll be watching those conversations closely to ensure we cross the goal line and finally eliminate Canada’s internal trade barriers once and for all.”

Nova Scotia, the first province to introduce and implement mutual recognition legislation, achieved the highest grade in CFIB’s 2025 Internal trade report card with a score of 9.4 (A grade). Ontario is a close second after eliminating all of its CFTA exemptions, scoring a 9.2 (A grade), said the CFIB.

The 2025 report card grades are:

Jurisdiction Canadian Free
Trade Agreement
Exceptions(40%)		Select Barriers 
to Internal Trade
(20%)		Status of Items from
Reconciliation
Agreements (40%)		Bonus
Indicator:
Mutual
Recognition
(Multiplier)		Overall
Score and Grade
NS2.3F5.9D8.9A-8.59.4A
ON10A+6.0D8.2B59.2A
MB7.3C+5.4D9.6A58.9A-
BC6.3C-4.1D9.2A58.5B+
FED*6.8C9.7A08.2B
AB7.9B4.1D9.5A18.0B
PEI3.1F4.7D8.8A-57.8B
SK6.8C5.3D9.2A17.7B-
NB4.8D4.7D8.5B+16.6C
QC0.0F3.6F8.9A-36.0C-
NL4.1D2.6F8.5B+16.0C-
NT4.8D 2.0F8.8A-05.8D
NU4.5D 2.0F8.6B+05.6D
YT1.3F 3.0F8.8A-04.6D
The federal government is scored on two areas: the economic impact score based on the procurement exceptions they maintain from the CFTA in 2025, and the implementation status of reconciliation agreements. Both areas are weighted equally (50% each) as the select barriers area was not available for this analysis. 

The report grades three major areas of interprovincial/territorial cooperation: CFTA exceptions, select barriers to trade, and the status of items from reconciliation agreements. There’s an updated bonus indicator that rewards jurisdictions that accept other regions’ regulations and standards as sufficient within their own jurisdiction, said the CFIB.

SeoRhin Yoo
SeoRhin Yoo

“Three years ago, we challenged governments to blow a hole through Canada’s internal trade barriers by adopting mutual recognition policies to get the flow of goods, services and people moving across the country. At the time, we heard all the reasons why it couldn’t be done. But just in the past six months we’ve seen seven jurisdictions with mutual recognition legislation on the books,” said SeoRhin Yoo, CFIB’s senior policy analyst for interprovincial affairs.

“The internal trade file is finally getting the attention it has desperately needed since the CFTA was signed in 2017. While there’s lots of reason for optimism, we’ll be closely watching governments’ next steps, including the crucial regulations that will follow legislation, to ensure the rules match the rhetoric and small businesses feel actual progress on the ground.”

The CFIB is Canada’s largest association of small and medium-sized businesses with 100,000 members across every industry and region.

Youtube video

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Bruno Marc Is Quietly Disrupting Men’s Footwear–And Shoppers Are Taking Notice

By
Retail Insider
-

Bruno Marc, a fast-rising name in men’s footwear, is expanding its reach in 2025 with a bold new lineup that reflects the evolving needs of today’s style-conscious, comfort-driven consumer. Blending performance engineering with modern design, the brand’s latest launches are making a statement not just in fashion–but in the shopping space.

Bruno Marc’s growth reflects broader shifts in the men’s footwear sector: consumers are demanding more versatile, wearable styles that can transition seamlessly across lifestyle moments. In response, the brand’s Spring/Summer 2025 range focuses on flexibility, breathability, and all-day wear–without compromising the visual appeal traditionally tied to premium dress shoes.

Key technologies like CrossFlex™, MexFlex™, and KnitFlex™ are central to the brand’s material and comfort innovations–targeting busy professionals, hybrid workers, and urban commuters alike.

CrossFlex GentEdge

A reimagined classic, the GentEdge introduces Bruno Marc’s signature CrossFlex™ tech into formalwear, offering increased flexibility for men constantly on the move. Finally, a dress shoe that feels as good as it looks—fluid flexibility meets boardroom polish.

Shop Here

KnitFlex SmartCraft

With a breathable knit upper and smart-casual appeal, this model straddles the sneaker/dress shoe category–ideal for consumers valuing style versatility in hybrid settings. If a tailored sneaker existed, this would be it—flexible, featherlight, and surprisingly sharp.

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MaxFlex SuiteCraft

Built to keep up with your longest days and liveliest nights, the SuiteCraft blends contemporary style with breathable comfort and flexible support. Whether you’re powering through back-to-back meetings or unwinding at a late-night gathering, this shoe ensures you stay comfortable and sharp from morning to midnight.

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MaxFlex SuiteCraft–

A minimalist update on the original SuiteCraft, this style reflects the increasing demand for clean, understated formal options that also deliver ergonomic support. Minimalist, modern, and made to move—built for today’s multitasking man.

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MaxFlex ActiveMetro

Part of the growing athleisure segment, the ActiveMetro leverages MaxFlex technology to support active daily routines while maintaining a streamlined urban aesthetic. Your new favorite hybrid—sporty enough for errands, sleek enough for the office.

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CrossFlex NeatPolish+

A performance-first dress show featuring CrossFlex™ support, anti-slip soles, and moisture-wicking liners–engineered for long days on your feet, in polished form. Polished to impress. Cushioned to perform. The dress shoe that outlasts your longest day.

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CrossFlex CrestHigh

A high-cut option with outdoor styling cues, the CrestHigh boot offers cold-weather function with modern lines, suited for both city and countryside consumers. All-terrain style with metropolitan edge—this boot does both, brilliantly.

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Today’s consumers aren’t interested in being boxed into one category — whether it’s work shoes, casual sneakers, or performance kicks. They want shoes that can keep up with their busy, varied lifestyles. Bruno Marc understands this perfectly. Their collection is designed to fit the needs of hybrid workdays, fast-paced city living, and active social calendars. By using advanced materials like CrossFlex™, MaxFlex™, and KnitFlex™, the brand delivers footwear that’s comfortable, durable, and breathable — exactly what the modern man demands.

The Spring/Summer 2025 lineup from Bruno Marc strikes the perfect balance between timeless style and modern innovation. The CrossFlex GentEdge revitalizes the traditional Oxford with flexible soles ideal for men on the move, while the KnitFlex SmartCraft reinvents casual elegance with breathable knit uppers that work just as well in a café as they do in the office. For the urban commuter, the MaxFlex ActiveMetro provides shock-absorbing comfort without sacrificing sleek city style.

Bruno Marc isn’t just innovating with products — their retail approach is equally savvy. Leveraging Amazon’s powerful data and logistics systems, they’re able to move inventory quickly, target customers more effectively, and deliver a smooth shopping experience. This digital-first strategy not only speeds up the brand’s growth but also builds lasting customer loyalty through reliable, fast delivery and engaging online presence.

What sets Bruno Marc apart is not just their cutting-edge footwear but their dedication to making quality and style accessible. With prices that offer premium features without the premium tag, the brand appeals to men who want the best without compromise. As retail shifts towards more personalized and experience-driven shopping, Bruno Marc’s well-rounded approach to design and distribution positions it as a key player ready to make a lasting impact in men’s footwear. With premium features at an accessible price point and a strong foothold in e-commerce, Bruno Marc is a brand to watch in the years ahead.

Explore the full Bruno Marc lineup on Amazon.

Cineplex CEO Ellis Jacob to retire at year end 2026

By
Mario Toneguzzi
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The Palms at The Rec Room Granville, photo credit: Tom Belding (CNW Group/Cineplex)

Cineplex Inc., Canada’s leading entertainment and media company, has announced that longtime President and CEO Ellis Jacob will retire from the company on December 31, 2026.

In the interim, Jacob will continue to lead Cineplex and assist the transition to a new leadership structure, said the company in a news release.

Ellis Jacob

“The Board is delighted to recognize Ellis, who has built Cineplex Inc. over the past four decades into one of the world’s best operators of movie theatres and family entertainment centres,” said Board Chair Phyllis Yaffe.

“Ellis is, quite simply, a giant in our industry. It has been a privilege to work alongside him for many years and we look forward to working with him through this transition.”

The company said Jacob is the recent recipient of the Canadian Cinema and Television (Canadian Academy) Tribute Award at the 2025 Canadian Screen Awards. In 2022 Mr. Jacob was honoured by the National Association of Theatre Owners (NATO) with the 2022 NATO Marquee Award at CinemaCon in Las Vegas. He is the recipient of numerous other awards and recognition, including the Order of Canada and the Order of Ontario.

“After thoughtful consideration, I welcome this next chapter. For decades, I have been focused on making Cineplex a great Canadian company, and I move forward with immense pride in what we’ve built for generations of Canadian movie fans who come to us for those magical moments of escape that can only be found in a true theatre experience,” said Jacob. “I remain committed to working with the Board and the talented team at Cineplex during this transition period and have unwavering confidence in Cineplex’s bright future.”

The company is a top-tier Canadian brand that operates in the Film Entertainment and Content, Amusement and Leisure, and Media sectors. Cineplex offers a unique escape from the everyday to millions of guests through its circuit of over 172 movie theatres and location-based entertainment venues. In addition to being Canada’s largest and most innovative film exhibitor, the company operates Canada’s favourite destination for ‘Eats & Entertainment’ (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates successful businesses in cinema media (Cineplex Media), digital place-based media (Cineplex Digital Media or CDM), alternative programming (Cineplex Events) and motion picture distribution (Cineplex Pictures).

Related Retail Insider stories:

Cineplex reports strong Q1 2025 results with $264.3M revenue, record concessions, and 38% surge in media sales

Cineplex reports drop in annual box office revenue

Loblaw: Local produce to ease food inflation this summer

By
Mario Toneguzzi
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New small format No Frills opens in downtown Toronto (CNW Group/Loblaw Companies Limited - Public Relations)

While food inflation in May saw a lower rate of growth than April, it remains elevated compared to overall inflation, said Loblaw Companies Limited in its latest Food Inflation Report.

“That said,Canadians have historically seen some relief at the register on fresh products over the summer months as June kicks off the local growing season in Canada. July and August will have the widest variety of local fruit and vegetables, with savings expected on local products through until about October,” said the Loblaw report.

“The Canadian agriculture industry is a cornerstone of the national economy, supporting over 2 million jobs and ensuring a stable food supply. Grocery stores across the country purchase tens of billions of dollars worth of food from Canadian farmers each year, highlighting the critical role local producers play in feeding Canadians.”

This month, strawberries and bunched vegetables (asparagus, carrots, green onions and radishes) shift from imported to locally grown, providing Canadians with lower prices due to no foreign exchange and less transportation costs, fresher produce and longer shelf life. In many cases, the produce is harvested and ready for purchase in 1-2 days, versus U.S. or Mexican produce that can take 3-4 days in transit to reach distribution centres. Local field strawberries are generally up to 20 percent cheaper than their imported counterparts at this time of year, explained Loblaw.

“Currency often plays a role in grocery pricing in Canada. As retailers seek to diversify their international supply chains beyond the U.S., the strengthening EURO and other international currencies compared to the Canadian dollar has offset some of the benefits, especially for things like fresh produce, deli meats and cheeses, some vinegars, olive oil, and seafood. While this shift could help improve supply stability over time, it might mean slightly higher prices in these categories in the short term,” said the report.

The Loblaw report said:

Canadian Dollar: The USD has weakened since the beginning of the year over ongoing investor uncertainty regarding tariffs and U.S. fiscal health. Given many commodities trade in USD, this is beneficial to food prices.

Coffee: Rains in growing regions and improved crops have helped drop coffee prices in the most recent month. Prices remain up more than 150% since 2024, but this recent reduction is a positive sign.

Sugar: Strong supply out of Brazil and India paired with weaker demand recently has sent sugar to a four-year low.

Related Retail Insider stories:

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