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Canada's food-tech firms face funding gap as they scale: experts
Food-tech firms face funding gap as they scale: experts
Canada’s food-tech sector has no shortage of support for early-stage innovation, but access to growth capital remains a significant barrier for companies looking to scale, according to investors and industry leaders who spoke at the recent Food Forward Summit.
DoorDash to buy rival Instacart for $17B
DoorDash will buy Instacart in a deal valued at US$17 billion, boosting its push into the U.S. grocery delivery market. DoorDash has offered Instacart shareholders US$65 per share held, representing a 26-per-cent premium.
67% of restaurants report declining profitability: Report
Despite stronger-than-expected sales growth, Canada’s restaurant industry continues to face financial pressures, with 67 per cent of restaurants reporting lower profitability compared to last year and 44 per cent expressing pessimism about 2027, according to Restaurants Canada’s latest Quarterly report.
Loblaw rejects millions in price increase requests
Loblaw said the dollar value of proposed supplier increases is up compared to last year amid rising commodity prices and other pressures. The retailer saw an upswing in supplier cost increases, even as the number of requests declined.
Restaurant Brands reports mixed Q3 results
Restaurant Brands International reported mixed quarterly results as Popeyes’ struggles offset Burger King’s successful U.S. turnaround. Its third-quarter net income was US$542 million, up from US$315 million. Net revenue rose 3.1% to US$2.53 billion.
Canada Packers reports Q3 loss as market deteriorates
Canada Packers reported a loss in its latest quarter as it says it saw a sharp and unusual deterioration in market conditions. CEO Dennis Organ says the downturn in the market resulted in significant margin compression across the industry.
Wendy’s franchisee could close another 60 locations
One of Wendy’s biggest franchisees is moving to potentially close as many as 60 restaurants, adding to the dozens of stores it has already closed this year. The move comes after Meritage Hospitality Group filed for Chapter 11 bankruptcy protection.
Canadian families face $17,600 food bill in 2026
Canadian families could spend nearly $17,600 on food in 2026, according to Dalhousie University researchers. A report forecasts that a family of four could spend $17,571.79 on food this year, a rise of almost $1,000 from 2025.
Grocery store sought for former news office in Saskatoon
CBRE Canada is looking for a grocery company to lease space in the former StarPhoenix building on Fifth Avenue in downtown Saskatoon, which has been without a full grocery store since Extra Foods on Third Avenue closed in October 2004.
Coca-Cola sees lacklustre N. America demand in Q3
Coca-Cola raised its outlook for the third straight quarter, despite lacklustre demand in its home market. The firm now expects comparable earnings per share to grow at least 11 per cent. Net sales rose to US$13.4 billion.
Chapman’s wins at international competition
Canadian ice cream brand Chapman’s just won an award at the International Ice Cream Conference for its Pecan Butter Tart flavour. Chapman’s is the largest independent ice cream manufacturer in Canada and has been making ice cream since 1973.
Arterra Wines appoints two new executives
Arterra Wines, which operates in B.C., Que. and Ont., welcomed two new appointments: Suzanne Gardiner and Mira Natal. Gardiner was named executive vice-president, global ventures and partnership sales, while Natal is the new executive vice-president, sales and market strategy.
Ont. regulated zone established due to spotted lanternfly
Just over one month since the discovery of spotted lanternfly (SLF) in Ontario — the first sighting of the invasive insect pest in Canada — the Canadian Food Inspection Agency (CFIA) announced an official, regulated area in southwest parts of the province.
Smithfield Foods settles pork price fixing lawsuit for $42M
Smithfield Foods will pay restaurants and caterers US$42 million to settle a lawsuit that accused the meat producer of conspiring to inflate pork prices, which will add to concerns about how the lack of competition affects meat prices.
Acadian Seaplants launches seaweed-based animal feed
N.S.-based Acadian Seaplants launched its Tasco Feed Technology in the European Union. It brings a natural feed ingredient, derived from Ascophyllum nodosum seaweed and developed in Atlantic Canada, to a market increasingly focused on animal productivity and welfare.
Large-scale regenerative agriculture farms study launched
Over five years, Jonathan Lundgren has been running what is likely the most complicated real-world study of U.S. farms in history. He deployed groups of around eight scientists to about 2,000 farms to collect 500 data types at each operation.
Industry Events
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Arrell Food Summit 2026
Nov 06 2026
Four Seasons Hotel Toronto -
GrowCanada Conference 2026
Dec 01 2026
to Dec 03 2026
Westin Ottawa -
Pacific Agriculture Show
Jan 21 2027
to Jan 23 2027
Tradex Exhibition Centre, Abbotsford -
RC Show 2027
Mar 07 2027
to Mar 09 2027
The International Centre, Mississauga -
Canadian Summit on Food Safety & Regulation
Apr 06 2027
to Apr 07 2027
The Westin Harbour Castle, Toronto -
Agri-Food Innovation Council Conference
May 17 2027
to May 18 2027
Sheraton Hotel, Ottawa
Locations
