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Canadian Retail News From Around The Web For February 6, 2025

Retail Insider -
Sheertex temporarily lays off 40% off of staff due to tariff threats, Canada safe for now from egg inflation, plans to pedestrianize Granville Street in Vancouver, Calgary's Eau Claire Market coming down, and other news.

Consumer and Business insolvencies reached 15-Year high in 2024

Mario Toneguzzi -
The rise in consumer insolvencies last year highlights the severity of the financial pressures many Canadians are experiencing, exacerbated by rising living costs and economic instability.

Canadian organizations react to Trump’s tariffs

Mario Toneguzzi -
Economic forecasts predict that these tariffs could lead to increased consumer costs and widespread economic repercussions, affecting industries such as automotive and agriculture.

Government of Canada announces deferral in implementation of change to capital gains inclusion rate

Mario Toneguzzi -
The federal government’s decision to delay implementation of proposed changes to the capital gains inclusion rate provides temporary relief for taxpayers.

Bank of Canada cuts interest rate to 3%,US tariffs looming

Mario Toneguzzi -
"In Canada, past cuts to interest rates have started to boost the economy. The recent strengthening in both consumption and housing activity is expected to continue."

Canadian Retail News From Around The Web For January 28, 2025

Retail Insider -
Calls for boycott of American food amid tariff threat, questions about Amazon's Quebec exit, London Drugs threatens to exit Woodward's project in Vancouver due to crime, and other news.

Taxpayers launching court fight against ‘undemocratic’ capital gains tax hike

Mario Toneguzzi -
A new report from the C.D. Howe Institute shows the capital gains tax increase will result in 414,000 fewer jobs and shrink Canada’s GDP by nearly $90 billion.

Chick-fil-A’s growth in Canada continues with new expansion plans for British Columbia

Mario Toneguzzi -
Chick-fil-A said it plans to open its first restaurant in British Columbia by late 2027 or early 2028. 

CPI rises 1.8% y/y in December but Canadians pay less for food at restaurants: Statistics Canada

Mario Toneguzzi -
Statistics Canada said Canadians paid less for food purchased from restaurants in December (-1.6%) on a year-over-year basis.

Consumers see improvement in financial health: Bank of Canada

Mario Toneguzzi -
Fewer consumers reported that they are spending less or plan to reduce their spending; and, for the first time since 2021, consumers said they expect their spending to increase faster than they expect prices to rise.

What can Canadian entrepreneurs expect for 2025?: BDC

Mario Toneguzzi -
The Canadian economy is expected to grow by around 1.5% for the year, said the BDC.

Prorogation Shelves Key Agri-Food Bills and Tax Changes

Sylvain Charlebois -
Canada’s agri-food sector celebrates as contentious bills and tax reforms are shelved following Parliament’s prorogation, says Dr. Sylvain Charlebois, ensuring economic stability.

PayMore opens 1st Canadian Stores with Expansion Plans

Craig Patterson -
PayMore opens its first Canadian stores in Brampton and Mississauga, with plans for over 120 locations nationwide.

Canadian Retail News From Around The Web For December 24, 2024

Retail Insider -
Rude behaviour in stores a 'sign of the times' says RCC, electronic price tags popping up in Canadian grocery stores, Nordstrom going private, HBC's Saks Global completes Neiman Marcus acquisition, and other news.

Walmart Canada partners with Salvation Army

Mario Toneguzzi -
During Fill the Kettle Day on Saturday, December 21, Walmart Canada will match donations made by individuals to Salvation Army Christmas kettles in participating Walmart Canada stores nationwide, up to a maximum of $100,000.

Canada Post Strike Ends, but Mail Delays Expected Into 2025

Craig Patterson -
Canada Post resumes operations after a month-long strike, but Canadians should expect mail delays into January 2025 amid ongoing negotiations.

Anatomy of a Leader: Gonzalo Gebara, Walmart Canada

Mario Toneguzzi -
Walmart Canada's CEO Gonzalo Gebara discusses leadership strategies, growth plans, and innovation driving the retail giant's success in Canada.

Canada Post Strike Ends, Retailers Face Christmas Crisis

Craig Patterson -
Canada Post strike ends, but retailers struggle with shipping delays, jeopardizing holiday sales and leaving Canadian consumers frustrated.

Canada’s Holiday GST/HST Tax Break: Relief or Economic Risk?

Retail Insider -
Canada’s holiday GST/HST tax break offers temporary savings but raises concerns about inflation, income inequality, and implementation challenges.

Bank of Canada lowers overnight interest rate

Mario Toneguzzi -
Lower interest rates are beginning to boost household spending.

Farmers’ Markets Offer Resilience Amid Rising Food Prices

Retail Insider -
Farmers’ markets in Canada show greater resilience and lower food price inflation compared to mainstream grocery stores, supporting local food systems.

GST Holiday: Why Economists Say It May Worsen Food Prices

Sylvain Charlebois -
Canada’s GST holiday aims to ease food costs, but experts warn it could lead to price hikes, retailer opportunism, and missed chances for lasting solutions.

2024 Holiday Shopping: Retail Challenges and Opportunities [Opinion]

Retail Insider -
Retailers navigate challenges and opportunities in the 2024 holiday shopping season as consumer trends and economic factors influence the market.

Canadian Retail News From Around The Web For November 26, 2024

Retail Insider -
Shorter holiday season impacts retailers, CN Rail strike approved for January, Brick and Leon's accused of dishonest discounting, and other news.

Food Banks Canada and Skip join forces for 5th Annual Giving Tuesday 

Mario Toneguzzi -
Skip is introducing a one-day doorstep donation pick-up service in Toronto on Giving Tuesday, making it simpler than ever for Canadians to give back
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