TORONTO — Costco is aggressively stepping up its expansion in Canada after years of strong success in this market, a move likely to put even more of a squeeze on traditional grocers such as Loblaw and Sobeys.
The American warehouse club giant, which has annual sales of close to $21 billion and 91 stores across the country, will open seven new stores in fiscal 2017, the company revealed on its fourth quarter conference call with analysts — about double its most robust annual rate.
TORONTO • While many retail industry players anxiously watch Target and Walmart racing to expand their store networks across Canada, Costco Wholesale continues to build its presence here as a quietly indomitable retail giant, with plans to build up to 25 more of its vast warehouse stores.
Costco Wholesale, the warehouse merchant, announced Wednesday that it will pay a special $3 billion dividend before year's end, saving shareholders from a big bite should taxes rise due to the fiscal cliff.
I’ve been trying to decide whether I should renew my membership to my local discount warehouse club. Now that I no longer have kids in diapers (hallelujah!) and don’t have any plans to buy a flat-screen TV this year, I had to figure out whether my annual membership fee pays for itself in savings or not.
LONDON, Ont. — Joe Fontana, the former mayor of London, Ont., who was convicted of fraud-related offences from his time as a federal Liberal cabinet minister, said ahead of his sentencing Tuesday he regrets the pain and embarrassment he has caused.
“Nine years ago I did something very, very stupid, very, very, very wrong,” Fontana said during an opportunity to address the judge before he is sentenced for fraud and breach of trust by a public official.