Grocery chain will gain 1,200 locations across Canada in cash-and-shares deal.
The merger of Canada's largest grocery retailer, Loblaw, and the country's biggest pharmacy chain, Shoppers Drug Mart, will not reduce competition and customer choice as some fear, Loblaw executive chairman Galen G. Weston assured customers at a press conference in Brampton, Ont., Monday.
"This is a transaction about two complementary businesses," Weston said. "This is not an overlapping, scaling-up transaction when you really get into the detail."
Read more: www.cbc.ca/news/business/story/2013/07/15
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CANADA - Alberta's cheese industry is set to see its first major expansion in decades -bringing an opportunity for Alberta milk producers to increase their yearly revenue by a potential C$15 million.
Thanks to a joint federal-provincial program, cheese producer Agropur will receive a C$2.4 million grant toward its C$23-million expansion and automation of their Sunnyrose cheese plant in Diamond City in southern Alberta. The expansion will nearly double the production capacity of the existing plant and increase Agropur's product selection of cheeses. The Growing Forward grant will be distributed over two-years and was approved through the Alberta Livestock and Meat Agency (ALMA).