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The Latest Breaking News from Sobeys

Trump’s tariffs could push grocery prices even higher, but there are steps Canada could take to protect consumers

The first months of Donald Trump’s presidency have been defined by a single word: tariffs. He has framed tariffs as a panacea to the woes of the American economy, promising they will restore the country’s manufacturing sector and reduce the national deficit.

The Conversation

The future is delayed at Ocado (again)

As shares drop by 12%, the ‘permanent shift to online grocery shopping’ its boss predicted during Covid looks absurd

The Guardian - UK

Inflation is down overall, so why are my grocery bills still going up?

Despite Canada’s inflation rate falling to its lowest point in two years, food prices remain high. The Consumer Price Index slowed to 2.8 per cent in June compared to last year, but food prices increased by 8.3 per cent. Food prices in stores increased by 9.1 per cent.

The Conversation

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Increasing monopoly power poses a threat to Canada's post-pandemic economic recovery

Canada is currently grappling with a significant economic issue: market concentration. A select few corporations dominate key sectors, leading to reduced competition, rising prices and limited purchase options for consumers.

The Conversation

The Indigo Cyberattack Is a Warning of Things to Come

Those handling state secrets or critical infrastructure seem to fare no better than a bookstore chain

The Walrus

Will Groceries Ever Be Affordable?

Food insecurity expert Sylvain Charlebois explains why flawed business regulations are making food unaffordable

The Walrus

Rising Food Prices: Could a Grocer Code of Conduct Help?

The clock is ticking as retailers and suppliers hammer out new guidelines to boost transparency

The Walrus

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Why Loyalty Ventures Shares Are Getting Hammered Today

Loyalty Ventures Inc (NASDAQ: LYLT) shares are trading lower by 49.68% at $5.54 after the company said it will reevaluate its 2022 revenue and EBITDA guidance and said its AIR MILES reward program and AIR MILES sponsor Sobeys were unable to align on extension terms.

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