Loblaw reports Q1 profit and revenue up from year ago, raises quarterly dividend 15%

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Grocery and drugstore retailer Loblaw Cos. Ltd. raised its quarterly dividend by 15 per cent as it reported its first-quarter profit and revenue rose compared with a year ago.

The parent company of Loblaws and Shoppers Drug Mart says it will now pay a quarterly dividend of 51.3 cents per share, up from 44.6 cents per share.The increased payment to shareholders came as Loblaw says it earned a profit available to common shareholders of $459 million or $1.47 per diluted share for the quarter ended March 23. The result was up from $418 million or $1.29 per diluted share in the same quarter last year.Food retail same-stores sales rose by 3.

New data from Statistics Canada show that Nova Scotia's rates of poverty and food insecurity in 2022 were the highest of any province -- and the head of the province's largest network of food banks says things have only worsened since.U.S. President Joe Biden may eventually ban TikTok, but he's moving to give something back to the young people who dominate the popular social media app — a looser federal grip on marijuana.

Dozens of tenants in Toronto's Thorncliffe Park area have now been withholding their rent for one year, and it’s unclear when the dispute will end.The Nashville Predators kept their season alive with a 2-1 victory over the Vancouver Canucks in Game 5 of their first-round playoff series Tuesday.Matthew Knies scored at 2:26 of overtime as the Toronto Maple Leafs topped the Boston Bruins 2-1 on Tuesday to avoid elimination in Game 5 of their first-round playoff series.

A Calgary-based technology security expert is raising concerns about the potential breach of personal data in a cyber security incident that forced London Drugs to close its doors.A serious collision in the Municipal District of Ranchland, Alta., has left Highway 22 impassable in both directions, Mounties say.

'That fire was jumping roads': Sask. First Nation councillor pleads for caution in wake of runaway grass fire

 

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