All major grocery retailers agree to sign on to industry-developed code of conduct

All major grocery retailers agree to sign on to industry-developed code of conduct

All major retailers have agreed to an industry-developed Canadian grocery code of conduct, Agriculture and Agri-Food Canada announced Thursday. In a statement, the federal department said, “After years of work and widespread industry participation, we are pleased to announce that all major retailers have agreed to join the Grocery Sector Code of Conduct. This includes Loblaw, Sobeys and Metro, … Read more

The gold rush is back — and now at a big-box store near you

The gold rush is back — and now at a big-box store near you

Warehouse stores in Canada aren’t just selling large quantities of toilet paper these days — gold bars and coins and other precious metals are moving out of the realm of banking and jewellers and into their aisles. With gold hitting record-high prices in recent weeks, the metal’s popularity has been reflected at retailers, too. According to Costco’s chief financial officer, … Read more

Grocers’ code of conduct won’t work unless all companies sign on, Metro CEO tells MPs

Grocers’ code of conduct won’t work unless all companies sign on, Metro CEO tells MPs

All major industry players need to sign on to the grocery code of conduct in order for it to be successful, said Metro Inc. president and CEO Eric La Flèche. La Flèche told MPs Monday at a House of Commons agriculture committee meeting on stabilizing food prices that Metro is willing to sign the code of … Read more

Deal to lower Visa, Mastercard processing fees will come up short for many retailers, critics say

Deal to lower Visa, Mastercard processing fees will come up short for many retailers, critics say

The federal government says it has hammered out the final details with Visa and Mastercard to lower credit card transaction fees for merchants, but small business advocates say the deal doesn’t go nearly far enough. The deal concerns what is called an interchange fee, also known as a “swipe fee,” which sets aside a percentage … Read more