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By Reuters Staff (Adds details on forecast) May 5 (Reuters) - Canadian retailer Loblaw Cos Ltd beat market estimates for quarterly revenue and profit on Wednesday, as its online sales more than doubled on soaring demand from homebound buyers for groceries and other essentials during the COVID-19 pandemic. Lockdowns and other virus-related restrictions in Canada, including reduced store capacity, during the first three months of the year pushed consumers to stockpile groceries and other essential items. Loblaw, one of the biggest retailers in Canada, said that the momentum from the first quarter has continued into the current quarter, adding that it expects to exceed its own full-year profit expectations. ....
Loblaw reported first-quarter revenue of $11.9-billion, up from $11.8-billion last year, when the effects of the pandemic began reshaping Canadians’ grocery-buying habits ....
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Darren Calabrese/The Canadian Press W. Galen Weston, the patriarch of one of the country’s wealthiest families and an architect of modern food retailing in Canada, has died at the age of 80. Over more than four decades in retail, food distribution and real estate, Mr. Weston helped to build the Loblaw, Choice Properties, Selfridges Group and Weston Foods brands, before retiring as chairman of George Weston Ltd. in 2016. Mr. Weston and his wife Hilary have also been known for their dedication to philanthropy. ....
B.C. pharmacies say they will offer COVID-19 vaccines in order of arrival after some were turned away Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer DARRYL DYCK/The Canadian Press Several major pharmacy chains in British Columbia say they will offer vaccines on a first-come, first-served basis after some people seeking a dose were turned away because they were not customers. Only a select number of pharmacies have been tapped to administer the public-health initiative in the Lower Mainland, and instances where pharmacies have limited access to a vaccine that is in very short supply were criticized as unfair, unethical and discriminatory by a public policy professor, and by those who were denied shots. ....