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AGT Foods sees revenue, profit rise despite wars, inflation
AGT Foods sees revenue, profit rise despite wars, inflation
Wars in the Middle East and Ukraine have proven to be challenging for Regina-based food manufacturer AGT Foods (AGTF-T), but the latest quarterly results show that the company is well-positioned to weather these storms.
Metro profits plunge as prolonged strike weighs on results
Grocer Metro saw profits plunge in the third quarter, as a protracted strike at its produce distribution centre weighed on the business. The four-month strike has resulted in lost profits and direct costs of $66-million after tax.
Price hikes led to lower sales in prepared foods: Maple Leaf
Maple Leaf saw less demand after it hiked prices to mitigate rising raw materials costs. CEO Curtis Frank said the company raised prices to offset higher fuel costs and overall inflation, which led to lower demand in prepared foods.
More food terminals for more affordable groceries?
The federal government has a plan to lower grocery prices and it includes spending millions to expand the Ontario food terminal. CBC’s Trishla Parekh breaks down what the plan could mean for consumers, independent grocers and farmers.
Safeway to open 2-level flagship store in Vancouver
Empire Company banner Safeway is returning to Vancouver’s Oakridge Park Mall this month with the opening of a new 50,000-square-foot store. Spanning two levels, the supermarket will serve as the banner’s new flagship location in the region.
Dozens facing job loss as Metro converts to Food Basics
A Metro grocery store in Ottawa’s South Keys neighbourhood will be replaced by a Food Basics, costing dozens of employees their jobs. Metro says the store is being converted to a Food Basics to better meet customer needs.
Liquor Mart opens new store inside Save-On-Foods
A Save-On-Foods in Winnipeg is now home to Manitoba’s first new Liquor Mart since 2019. Spanning 580 square feet, the freestanding store-within-a-store Liquor Mart differs from other Liquor Mart Express locations operating in the province’s grocery stores.
Old Dutch Foods opens energy-efficient facility in P.E.I.
Old Dutch Foods has opened a new energy-efficient facility in Summerside, P.E.I., investing in the future of its Atlantic Canadian operations. The 8,400-square-foot facility incorporates technologies designed to improve energy performance and reduce its environmental footprint.
Sysco to bring restaurant depot format to Canada
Sysco plans to bring Restaurant Depot to Canada, potentially introducing one of the largest restaurant-focused cash-and-carry warehouse operators to the Canadian foodservice market. The Jetro Restaurant Depot transaction would give Sysco control of a large network of warehouse stores.
Farm worker numbers take significant nosedive
The number of people employed in agriculture has plummeted since 2020, dropping by about 52,000 workers. That’s a decline of 19 per cent. Historical data shows people working in Canadian agriculture has dropped over the last 50 to 60 years.
Hot July spreads drought across the country
A scorching July has seen Canada more than double land area affected by drought to 39 per cent, though agricultural areas remain largely drought-free. Hardest hit is in central Canada, where there has been a five-fold increase in the drought.
New group Apples Canada brings together 5 provincial orgs
Apples Canada/Pommes Canada is the new identity of former apple organizations from B.C., Ontario, Quebec, N.B. and N.S. The group will work together on issues affecting the country’s apple industry, including production, sustainability, market development, research, promotion and policy.
Cargill betting big on AI for productivity
The global food environment is shifting, the Cargill CEO said to stakeholders. For more than a decade, Cargill has integrated artificial intelligence (AI) solutions. AI could generate productivity valued at US$40 billion to US$70 billion annually.
Jersey Mike’s faces skeptical market
Early trading of Jersey Mike’s has been unusual. The company’s IPO began at $23, and it was down nearly six per cent. A first-day decline is rare. And in the restaurant sector recent IPOs have been greeted more warmly.
Pet Valu reports second-quarter profit, revenue up
Pet Valu Holdings reported a net income of $24.9 million in its second quarter, up from $21.8 million a year ago. The retailer of pet food and pet-related supplies says it profit amounted to 37 cents per diluted share.
Beyond Meat launches reverse stock split
Beyond Meat launched a reverse stock split as the plant-based meat company looks to regain Nasdaq compliance. The California-based company said the 1-30 share split is intended to help the company meet minimum bid price for a continued Nasdaq listing.
Industry Events
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Plant Forward Conference
Sep 21 2026
to Sep 23 2026
Saskatoon, SK -
2026 Meat Industry Expo
Oct 02 2026
to Oct 03 0003
The International Centre -
Food Forward Summit
Oct 08 2026
The International Centre Mississauga, Ont. -
Grocery Innovations Canada 2026
Oct 27 2026
to Oct 28 2026
Toronto Congress Centre North Building -
Arrell Food Summit 2026
Nov 06 2026
Four Seasons Hotel Toronto
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