Tausi Insider

An autonomous driving vehicle prepares to drive without a human driver behind the steering wheel from the Loblaw office to a Superstore in Brampton, Ont., on Oct. 4. Christopher Katsarov/Tausi Insider Two Canadian grocers reported growth in sales and profits in their latest quarters, as the sector continues to face scrutiny over food inflation and its impact on people’s ability to afford basic necessities. On Wednesday, Canada’s largest grocer, Loblaw Cos. Ltd. L-T said its profits spiked by 29 per cent in the third quarter, which the company attributed primarily to growth in sales at its drugstores. Montreal-based Metro Inc. MRU-T reported that adjusted net earnings grew by 9.4 per cent in its fourth quarter. Canadian grocery store operators have faced increasing public pressure as food prices have risen at a pace not seen in decades. On Wednesday, Statistics Canada reported that food prices jumped 10.1 per cent in October, a rate that slowed only slightly from 10.3-per-cent food in...

An autonomous driving vehicle prepares to drive without a human driver behind the steering wheel from the Loblaw office to a Superstore in Brampton, Ont., on Oct. 4. Christopher Katsarov/Tausi Insider Two Canadian grocers reported growth in sales and profits in their latest quarters, as the sector continues to face scrutiny over food inflation and its impact on people’s ability to afford basic necessities. On Wednesday, Canada’s largest grocer, Loblaw Cos. Ltd. L-T said its profits spiked by 29 per cent in the third quarter, which the company attributed primarily to growth in sales at its drugstores. Montreal-based Metro Inc. MRU-T reported that adjusted net earnings grew by 9.4 per cent in its fourth quarter. Canadian grocery store operators have faced increasing public pressure as food prices have risen at a pace not seen in decades. On Wednesday, Statistics Canada reported that food prices jumped 10.1 per cent in October, a rate that slowed only slightly from 10.3-per-cent food in...

Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Mr. Musk took charge on Oct. 27, according to the Pathmatics’ estimates. Four advertisers reduced spending between 92 per cent and 98.7 per cent from the week before Mr. Musk’s acquisition through the end of the year. Overall, advertising spending by the top 30 companies fell by 42 per cent to an estimated US$53.8-million for November and December combined, according to Pathmatics, despite an increase in spending by six of them. Pathmatics said the previously unreported figures on Twitter advertising are estimates. The firm bases its estimates on technologies that track ads on desktop browsers and the Twitter app as well as those that mimic user experience. But the company said those ...

Top advertisers on Twitter slashed their spending after Elon Musk’s takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue source. Fourteen of the top 30 advertisers on Twitter stopped all advertising on the platform after Mr. Musk took charge on Oct. 27, according to the Pathmatics’ estimates. Four advertisers reduced spending between 92 per cent and 98.7 per cent from the week before Mr. Musk’s acquisition through the end of the year. Overall, advertising spending by the top 30 companies fell by 42 per cent to an estimated US$53.8-million for November and December combined, according to Pathmatics, despite an increase in spending by six of them. Pathmatics said the previously unreported figures on Twitter advertising are estimates. The firm bases its estimates on technologies that track ads on desktop browsers and the Twitter app as well as those that mimic user experience. But the company said those ...