Shareholders of Canada's largest grocer rejected a proposal that Loblaw Companies Ltd. determine the feasibility of paying its employees a living wage -- one that varies by location and is calculated by its cost of living.
Shareholders of Loblaw Companies Ltd. are being asked to vote on a proposal at their annual meeting this year to require the chair of the company be an independent director, a move the company opposes.
Loblaw Companies Ltd. reported a drop in its fourth-quarter profit and said it is prepared for another challenging year in the grocery industry as it readies for increased labour costs and the impact of recently announced drug reform.
The pharmaceutical industry is bracing for "an industry-wide impact" of lower generic drug prices starting April after a long-awaited deal materialized, with Loblaw Companies Ltd.'s shares falling and Metro Inc.'s CEO expressing concern.
Loblaw Companies Ltd. and the Canada Revenue Agency faced off in a Toronto court Wednesday in a $404-million dispute involving allegations that the grocery giant's Barbadian banking subsidiary was misused for tax avoidance.
Canada's competition watchdog has closed a 3 1/2-year civil investigation into Loblaw Companies Ltd. related to allegations it abused its dominant position in dealing with its suppliers and determined no further action is warranted.