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Article Date 17/05/2022

Walmart profit falls, cuts outlook as fuel, labour costs spike

Source Globe and Mail

Walmart Inc. WMT-N -9.65% decrease  reported a sharp drop in quarterly earnings and cut its full-year profit outlook on Tuesday as rising costs of fuel and labor hurt its bottom line while shoppers squeezed by decades-high inflation moved to buy lower-margin basics.

Article Date 17/05/2022

Tim Hortons unveils new 'Biebs Brew' partnership with Justin Bieber

Source Fiancial Post

Timbiebs will also return when the new cold brew partnership with Bieber launches on June 6 Tim Hortons will launch a Justin Bieber-themed coffee next month as part of a partnership with the Canadian pop star that has lifted sales and attracted a younger audience to the coffee chain.

Article Date 17/05/2022

Parent company of Vancouver-based grocer SPUD files for creditor protection

Source DH Venture

In a release  on Monday after,  Freshlocal Solutions Inc . stated the Supreme Court of BC  —  granted it “court protection from its creditors to allow it to pursue a restructuring of its business and property as a going concern.”

Article Date 17/05/2022

Starbucks will cover travel for workers seeking abortions

Source Globe and Mail

Starbucks SBUX-Q -4.21% decrease  said Monday it will pay the travel expenses for U.S. employees to access abortion and gender-confirmation procedures if those services aren’t available within 100 milof a worker’s home.

Article Date 16/05/2022

The SAQ's price hikes go into effect on Sunday

Source The Gazette

Prices will rise an average of 3.7 per cent on 2,550 products. But prices will drop on some products. For the second time in a little over six months, the Société des alcools du Québec has announced a price hike, this time by an average of 3.7 per cent on 2,550 products.

Article Date 16/05/2022

Wheat importers in Asia scramble for supplies after Indian export ban

Source Globe and Mail

Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain at the weekend in a bid to keep a lid on soaring domestic prices, trade sources told Reuters.

Article Date 16/05/2022

Trudeau government stands firm on new dairy rules despite anger from U.S. milk lobby

Source Fiancial Post

With global food security threatened, Ottawa says it must preserve supply management system The federal government is pushing ahead with changes to dairy import rules despite protests from the U.S. milk and cheese industry.

Article Date 16/05/2022

McDonald's to sell its Russian business over Moscow's invasion of Ukraine

Source Globe and Mail

More than three decades after it became the first American fast food restaurant to open in the Soviet Union, McDonald’s MCD-N  said Monday that it has started the process of selling its business in Russia, another symbol of the country’s increasing isolation over its war in Ukraine.

Article Date 16/05/2022

London food businesses get cooking, with small business centre support

Source London Free Press

The Nigerian sweet bread baked and sold by Amazing Bakery in London has built a steady, growing customer following here.

Article Date 13/05/2022

New Zealand launches trade dispute against Canada in growing dairy backlash

Source Financial Post

Accuses Trudeau government of breaking its promises on dairy imports under the Trans-Pacific Partnership New Zealand is initiating a formal trade dispute against Canada, accusing the Trudeau government of breaking its promises on dairy imports under the Trans-Pacific Partnership (TPP) agreement.

Article Date 12/05/2022

Price gains in U.S. outstrip forecasts in sign of inflation persisting

Source Fiancial Post

CPI rose 8.3 per cent on an annual basis, keeping the Federal Reserve on the path of aggressive interest-rate hikes U.S. consumer prices rose by more than forecast in April, indicating inflation  will persist at elevated levels for longer and keeping the Federal Reserve on the path of aggressive  interest-rate hikes .

Article Date 11/05/2022

Nutrien earns US$1.4-billion in latest quarter, hikes guidance as war in Ukraine drives fertilizer demand

Source Globe and Mail

Nutrien Ltd. NTR-T +1.62% increase has significantly hiked its earnings forecast for the year after announcing a record first quarter profit driven by surging commodity prices and concerns about global food security due to Russia’s invasion of Ukraine. The Saskatoon-based company, which is the world’s largest producer of fertilizer and reports in U.S. dollars, earned a record US$1.4 billion in the quarter ended March 31. That works out to $2.

Article Date 11/05/2022

Canadian farmers feeling the pressure of soaring fertilizer prices ahead of a crucial planting season

Source Globe and Mail

Farmers are sounding the alarm on record-high prices for fertilizer ahead of a critical growing season and amid the threat of a global food crisis. In the months since the invasion of Ukraine – a conflict that has ensnared several of the world’s top fertilizer producers – Canadian farmers have seen the cost of many of their most critical supplies skyrocket.

 

 

Last news

  • Walmart profit falls, cuts outlook as fuel, labour costs spike
  • Tim Hortons unveils new 'Biebs Brew' partnership with Justin Bieber
  • Parent company of Vancouver-based grocer SPUD files for creditor protection
  • Starbucks will cover travel for workers seeking abortions
  • The SAQ's price hikes go into effect on Sunday
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