Make us your home page

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Canada Report: Loblaw grocery chain, Shoppers Drug Mart Corp. join forces

Canada's evolving retail industry — increasingly threatened by U.S. competitors — has led to two of the country's largest retailers opting to combine their operations.

Grocery chain Loblaw Companies is buying Shoppers Drug Mart Corp. for $12.4 billion in cash and stock.

"With today's transformational partnership between Loblaw and Shoppers Drug Mart, we are changing the retail landscape in Canada," said Galen Weston, executive chairman of Loblaw.

The Shoppers' name and stores will remain as a separate division of Loblaw.

Competition is heating up as new arrival Target expands its store network across Canada and a price-war with established Walmart is expected. Both sell food and pharmacy items.

Last month, Atlantic-based grocer Sobeys bought the Canadian Safeway stores for $5.8 billion in a deal that included 199 in-store pharmacies.

Quebec-based supermarket chain Metro Inc. has expressed an interest in pharmacy retailer Jean Coutu and recently sold its stake in convenience store chain Alimentation Couche-Tard.

Transport board seeks change after explosion

Canada's Transportation Safety Board wants immediate changes in procedures after a runaway oil tanker train killed at least 50 people in Lac-Mégantic, Quebec.

The board wants Transport Canada to order that dangerous goods not be left unattended and that equipment be properly secured.

An investigation continues into why a parked Montreal, Maine & Atlantic railway train with 72 cars of crude oil rolled into the downtown and exploded.

U.S. President Barack Obama, in a letter to Prime Minister Stephen Harper, expressed his condolences and offered whatever help was needed.

Obama called it a "devastating loss of life" and said he was heartened to learn that firefighters from Maine rushed across the border to help control the fire.

News in brief

• Prime Minister Stephen Harper made his biggest cabinet overhaul since first elected in 2006 as he heads into the second half of his current term. He didn't appoint anyone from the scandal-plagued Senate for virtually the first time in Canadian history. The biggest moves were promotions for eight "backbench" Conservatives with three — Chris Alexander, Shelly Glover and Kellie Leitch — given senior portfolios.

• A gigantic blow-up doll of Sen. Mike Duffy was unveiled in Ottawa by the Canadian Taxpayers Federation, seeking a referendum on whether to abolish or reform the Senate. Duffy is one of four senators being investigated for fraud over his expense claims for which he has repaid $90,172.

• The Fraser Institute says Canadians "face some of the longest waits for health care in the developed world." A study found long waits for surgery and medical treatment cost Canadians $982 million in lost time last year. They waited 9.3 weeks, on average, between an appointment with a specialist and treatment.

Facts and figures

Canada's cost of living rose by a half a point to 1.2 percent last month, largely due to rising gasoline and car prices.

The dollar moved higher to 96.51 cents U.S. while the U.S. greenback is worth $1.0360 in Canadian funds, before bank exchange fees.

The Bank of Canada's key interest rate remains at 1 percent while the prime-lending rate is 3 percent.

Stock markets are higher, with the Toronto exchange index at 12,685 points and the TSX Venture index 920 points.

Lotto 6-49: (July 17) 11, 12, 16, 29, 38 and 43; bonus 25. (July 13) 2, 11, 14, 22, 41 and 42; bonus 13. Lotto Max: (July 12) 14, 16, 17, 36, 45, 46 and 48; bonus 7.

Regional briefs

• The $200,000 raised by U.S. gossip website Gawker to buy a video that allegedly showed Toronto Mayor Rob Ford smoking crack cocaine will be donated to four charity groups. Editor John Cook said he is "disappointed" he couldn't obtain the video drug dealers offered at that price and that the Toronto Star says its reporters had viewed.

• Painter Alex Colville, one of Canada's most well-known modern artists, died Tuesday at his home in Wolfville, Nova Scotia. He was 92. As a painter, engraver, sketch artist and muralist, Colville earned a reputation for art that focused on routine moments of family life and featured landscapes, animals and the sea.

Jim Fox can be reached at

Canada Report: Loblaw grocery chain, Shoppers Drug Mart Corp. join forces 07/20/13 [Last modified: Saturday, July 20, 2013 8:31pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Winner and loser of the week in Florida politics


    Winner of the week 1: 'Liquor wall’ proponents. Gov. Rick Scott’s veto of a bill to allow Walmart, Target and other big box stores to sell liquor was a victory for an array of groups, from smaller merchants and Publix (which has stand-alone booze shops near its stores) to those who feel the hard stuff …

  2. Review / photos: Sunset Music Festival brings Major Lazer, safety upgrades to Raymond James Stadium in Tampa


    Somewhere beyond the barricades and mountainous LED stages of the Sunset Music Festival, there had to be worry. There had to thousands of parents in parking lots and empty kitchens, anxiously distracting their minds, every now and then checking their phones.

    Major Lazer headlined the Sunset Music Festival on May 27, 2017 at Raymond James Stadium in Tampa.
  3. 24-year-old man charged with murder in shooting at Andrea Cove Motel

    LARGO — Pinellas sheriff's officers arrested a 24-year-old transient man Saturday in connection with a homicide at the Andrea Cove Motel in unincorporated Largo.

  4. Photo gallery: Calvary Christian rolls to state title


    View a gallery of images from Calvary Christian's defeat of Pensacola Catholic 11-1 in six innings Saturday night at Hammond Stadium in Ft. Myers for the Class 4A title.

    Calvary Christian players circle up on the field before the FHSAA class 4A baseball championship against Pensacola Catholic on Friday May 27, 2017 at Hammond Stadium in Fort Myers, Fla. Calvary scored 6 runs in the first inning, and had 7 hits.
  5. Two girls found safe after being reported missing in New Port Richey

    UPDATE: Both girls were found safe Saturday night, police said.