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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines