Loblaws, Walmart and other grocers warn of price increases due to U.S. tariffs
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Kamil Karamali has the latest on the looming price increases on certain products at grocers like Loblaws, No Frills and Walmart.
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CBC
39 minutes ago
- CBC
Vancouver apparel company Oak + Fort seeks creditor protection
Social Sharing Canadian apparel brand Oak + Fort says it has obtained creditor protection as it works to restructure its business. The Vancouver-based company says the move is necessary because U.S. tariffs have joined other price pressures and led to a decline in consumer confidence and spending. The tariffs arrived after Oak + Fort pushed to open 26 new Canadian and U.S. stores in the last four years, which the company says resulted in a reduced and ultimately insufficient investment in its e-commerce platforms. Court documents show the company owes more than $25 million to creditors including some landlords who didn't receive May rent payments. Oak + Fort says it will continue to operate stores and an e-commerce business during the restructuring. It was founded in 2010 as an online boutique that eventually expanded to 42 stores in Canada and the U.S. selling womenswear, menswear, accessories, jewelry and home goods. Vancouver-based retail strategist David Ian Gray, founder of DIG360, said that there have been a rolling series of challenges for the retail sector, which has had to deal with high interest rates. "At the very same time, consumer spending has really dampened — and not just for a month or two," he told CBC News. "It's really settled down into a slump. "And there's a big difference between consumers who are buying on need, such as grocery or home improvement household items, versus where they might want to buy some fashion." Gray says the tariffs have added to a "perfect storm" for retailers like Oak + Fort, and others may face similar challenges in the months to come. The strategist said that the company had done a great job engaging shoppers in Vancouver and B.C. over the years. "But like we've seen with so many retailers, sometimes the enthusiasm you see from shoppers in your home market, you forget that might have taken you five or more years to build that up," the analyst said. "And suddenly you need to have the same level in new places ... happening overnight. And so, it's not really a surprise to me that they've had some struggles." Christy Wong, who is from New York, said she was shocked to hear that the retailer was seeking creditor protection, and that many people went to the retailers' outlet in that city.
CTV News
43 minutes ago
- CTV News
Explore Lethbridge app aims to cut through noise when looking for something to do
Tourism Lethbridge has launched the Explore Lethbridge app, to help put the city's tourism offerings into the hands of locals and visitors. Tourism Lethbridge has officially launched its new Explore Lethbridge app. The app is available online, with no download required, at The platform is helping to put the city's diverse tourism offerings into the hands of locals and visitors alike. The app debuts with a curated experience called 'Sip, Taste, Explore' that invites users to discover a mix of culinary hot spots, local attractions and retail shops. Tourism Lethbridge says the app will serve as a hub for everything happening in the city. 'We have so much on our website (and) there's so much on everybody else's websites, so between ourselves, between our partners, between the local businesses, there's so much out there and when you Google what's there to do in Lethbridge, you get a million different things,' said Dominika Wojcik, Tourism Lethbridge senior director of communications. 'What we're trying to do is really curate those experiences for people, so that they can just pull up the app and have everything in one spot and be able to quickly figure out where they want to go.' Tourism Lethbridge worked with the University of Lethbridge to develop the app. The platform will also provide the organization with check-in data to help identify visitor interests and movement patterns throughout the city.
CTV News
44 minutes ago
- CTV News
Eby says it's not him blocking Smith's oil pipeline, it's lack of money and proponent
B.C. Premier David Eby speaks during an announcement in Vancouver, on Monday, May 26, 2025. THE CANADIAN PRESS/Darryl Dyck British Columbia Premier David Eby says it's not him standing in the way of Alberta counterpart Danielle Smith's longed-for oil pipeline from Alberta to B.C.'s north coast — it's that there's no proponent, no money and 'no project right now.' It's Eby's latest rebuff to the idea, coming after Smith said on Sunday she could convince him to allow such a pipeline. Eby says that if Smith succeeds in finding a proponent and funding, and assembles a project, then B.C. 'will certainly cross that bridge.' But he says there are already 'countless projects' that B.C. could work on with Alberta to create prosperity in Western Canada. Eby was speaking at a news conference on Monday from Seoul, South Korea, the final stop on a 10-day trade tour through Asia that has also included Japan and Malaysia. Asked about B.C.'s green light last week for a Prince Rupert gas pipeline, Eby said the province was not 'in the business of turning away investments' — but wouldn't speculate whether that applied to an oil pipeline from Alberta. Eby added that he understands Smith is 'keen' on such a project, just as Ontario Premier Doug Ford is 'keen on tunnel underneath the 401.' This report by Wolfgang Depner, The Canadian Press, was first published June 9, 2025.
