AGP Executive Report
Last update: 10 hours agoRetail: Costco’s Canadian comparable sales rose 4.9% in October, or 3.5% excluding fuel prices and foreign exchange; digital sales climbed 22.5% across the chain. Food Brands: Kraft Heinz plans to sell its North American coffee business, including Maxwell House, Nabob and Vancouver manufacturing facilities, for US$650 million while keeping a 30% stake. Household Budgets: A Salvation Army survey found 31% of Canadians are skipping meals as food insecurity reaches a four-year high. Canadian Products: Sudbury’s NorthTone Strings is preparing to join a small group of domestic guitar-string makers, offering musicians another made-in-Canada option. Shopping: Toys “R” Us Canada plans to open in 300 Staples stores by the end of 2027, while beauty brand Medicube has entered Shoppers Drug Mart. Food Trade: Canada and China extended tariff relief for canola and some seafood products through 2028, offering exporters more certainty.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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