AGP Executive Report
Last update: 5 hours agoInflation Watch: Bank of Canada Governor Tiff Macklem says inflation may stay elevated as oil prices hover near US$100 and renewed U.S. tariffs feed into consumer costs. Retail & Dining Pressure: Restaurants Canada reports 80% of Canadians are eating out less, with many restaurants operating at a loss or barely breaking even—especially hitting households across income levels. Big-Box Results: Costco posted strong results, with Canada comparable sales up 7.8% (adjusted 6.7%) for the fiscal year, underscoring continued demand for value. Coffee Chain Shake-up: Starbucks plans to close 250 underperforming locations across North America, with restructuring charges tied to its turnaround push. Food Industry Timing: Tyson Foods set its Q4 2026 results call for Nov. 16. Auto Supply Chain: Volkswagen’s Ontario EV battery plant opening is delayed to 2029, with PowerCo citing shifting demand and next-gen tech. Procurement Rules: B.C. NDP leader David Eby announced “Built in B.C. and Canada” procurement requirements for public infrastructure, aiming to steer bids toward Canadian suppliers. Health Canada Update: Health Canada withdrew all COVID-19 LP.8.1 vaccines effective Sept. 21, ahead of the fall 2026/27 season. Cyber & Consumer Risk: A new Android banking trojan (RemControl) is targeting retail banking users, including in Canada, via fake app pages and phishing overlays.
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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