Loblaw’s $508-million profit, a calculator for grocery savings and Laurentian’s share-slide: Must-read business and investing stories

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Plus, Canadian consumers and their open wallets are posing a real problem for the Bank of Canada’s inflation plan

Loblaw reports $508-million profit jump in second quarterending June 17. Sales growth was driven by inflation-weary shoppers continuing to visit its discount grocery stores more frequently, such as No Frills, Maxi and Real Canadian Superstore, reports Susan Krashinsky Robertson.

Habitat for Humanity is seeing a profound change in who it assists in getting home loans. After decades of helping low-income Canadians get into homes, the charity is, including those earning about $100,000 a year, in yet another sign of how unaffordable Canada has become. Rachelle Younglai reports that the clientele shift is most prominent in the Toronto region, the country’s second-priciest real estate market.

 

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