Canadian dollar extends weekly decline as retail sales sag

Canadian dollar extends weekly decline as retail sales sag

The Canadian dollar CADUSD weakened to its lowest level in more than two years against its US counterpart on Friday as the sell-off in global equity markets continued and domestic data showed retail sales falling more than expected in July. The loonie was trading 0.3 per cent lower at 1.3525 to the greenback, or 73.94 … Read more

VALEO PHARMA ENTERS INTO LICENSE AGREEMENT WITH KALO FOR THE CANADIAN RIGHTS TO ALLERJECT

VALEO PHARMA ENTERS INTO LICENSE AGREEMENT WITH KALO FOR THE CANADIAN RIGHTS TO ALLERJECT

700,000 Canadians suffering from severe allergies Canadian epinephrine auto-injector market exceeds $80M yearly ALLERJECT peak sales potential expected to exceed $25M yearly MONTREAL, Aug 2, 2022 /CNW Telbec/ – Valeo Pharma Inc.. (TSX: HPV) (OTCQB: HPVIF) (FSE: VP2) (“Valeo“or the”Company“), a growing Canadian pharmaceutical company, announced today that it has entered into a License, Supply, … Read more

Canadian retail sales rose 2.1% in August, likely reversed course in September: Statscan

Canadian retail sales rose 2.1% in August, likely reversed course in September: Statscan

People shop in a department store in Montreal, on Aug. 2, 2020.Graham Hughes/The Canadian Press Canadian retail sales rose 2.1 per cent to $57.2-billion in August, boosted by gains at food and beverage stores, gasoline stations and clothing and clothing accessories stores. However, Statistics Canada said Friday its initial estimate for September suggests retail sales … Read more

Canadian retail sales fall 0.6% in July as grocery stores see decline in demand

Canadian retail sales fall 0.6% in July as grocery stores see decline in demand

A customer loads her groceries into a car outside a Metro store in Ste-Therese, Que., on April 15, 2019.Ryan Remiorz/The Canadian Press Canadian retail sales dropped 0.6 per cent to $55.8-billion in July as sales at supermarkets and grocery stores fell with more people returning to restaurants and patios. However, Statistics Canada said Thursday that … Read more

Metro says food basket inflation hit 5 per cent in second quarter; CEO warns of more price pain to come

Metro says food basket inflation hit 5 per cent in second quarter; CEO warns of more price pain to come

A customer loads her groceries outside a Metro store in Ste-Therese, Que., on April 15, 2019.Ryan Remiorz/The Canadian Press Canadian shoppers have been making more trips to discount stores, buying cheaper cuts of meat, and trading brand-name products for store brands as they try to stretch their dollars further and fight the sting of inflation. … Read more

Canada’s big three grocers see shifting shopping habits as COVID-19 restrictions ease

Canada’s big three grocers see shifting shopping habits as COVID-19 restrictions ease

A Metro grocery store in Toronto, on Feb. 3, 2020.Fred Lum/the Globe and Mail Financial results from Canada’s three largest grocers offered a clearer picture of how the COVID-19 crisis has shaped shopping habits – and how consumers respond when public health restrictions are eased. Metro Inc.’s third-quarter earnings, reported Wednesday, largely mirrored results posted … Read more