the company’s ambitions have grown far beyond owning Canada’s largest drugstore chain. Today, we feature a report on how Loblaw is expanding its reach into the health care space – and drawing criticism from proponents of Canada’s long-prized publicly funded model.of 50 per cent of Filo Corp. is among the first deals to be scrutinized by Ottawa under tougher Canadian takeover rules aimed at protecting the domestic critical minerals industry from foreign incursion.
Renovated last year, this location represents what Loblaw Cos. Ltd. is aiming to build in many more stores. Internally at the company, locations like it are referred to as the “future of pharmacy.” “There’s a lack of access to physicians,” Shoppers president Jeff Leger said. “One in five Canadians don’t have access to a primary-care provider. There’s lots of great solutions, but they take time to mature, and get more doctors. So people are turning to pharmacists and other professionals to help fill those gaps.”
Loblaw has worked to rebuild trust with Canadians as the country’s largest grocer after more than two years when it drew the ire of many consumers feeling the pain of once-in-a-generation inflation in food prices. Now, Loblaw will also have to prove to patients that it can be trusted as their health care provider.The most-watched gauge of investor anxiety is the CBOE Volatility Index, or VIX, and it flashed red in spectacular fashion this week as stock prices plunged, Jason Kirby writes.
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