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jerryking : quebec   46

Lowe’s to close 27 stores in Canada as housing markets slow - The Globe and Mail

Lowe’s Cos. Inc. is shutting 27 stores in Canada, mostly under the Rona banner, as well as offices and plants as the U.S. home-improvement retailer grapples with an overcrowded market and a cooling housing sector......In an increasingly tight home-improvement retail landscape, Lowe’s faces tougher competition from incumbents and emerging e-commerce players such as Inc. as well as reduced home sales.......While the home-improvement industry has enjoyed sales lifts over past years, that growth is moderating as the housing market loses steam, Mr. McLarney said. Many young consumers cannot afford to buy homes, while baby boomers are downsizing, resulting in fewer purchases for home improvements, industry observers say.

Home-improvement retail sales climbed 5 per cent last year to $48.2-billion, but are expected to pick up by only about 4 per cent in each of 2018 and 2019, according to Hardlines......Alex Arifuzzaman, founder of retail real estate adviser InterStratics Consultants, said consumers increasingly can buy many of the items home-improvement stores carry more conveniently online. At the same time, more people are moving into condominiums that don’t need as many renovations or repairs. “The profit model in the future is going to be different," he said.

Lowe’s said on Monday that of the 27 under-performing stores in Canada it will close by the end of January, nine are in each of Quebec and Ontario, while six are in Newfoundland and Labrador, two are in Alberta and one is in British Columbia.
Amazon  home-center_industry  home-improvement  Lowes  Marina_Strauss  Quebec  retailers  Rona  store_closings 
november 2018 by jerryking
St-Hubert, Rona and new fears of a hollowed-out Quebec Inc. - The Globe and Mail
MONTREAL — The Globe and Mail
Published Thursday, Apr. 07, 2016

Existing institutions, starting with the Caisse de dépôt et placement du Québec, are increasingly seen as being unable or unwilling to play the gatekeeper role that prevented key businesses from falling into outside hands in the past. The Caisse, which manages investments for the Quebec Pension Plan and other provincial retirement regimes, is much more focused on global opportunities as it seeks the returns it needs to prepare for an onslaught of pensioners.

For former Rona chief executive officer Robert Dutton, that became painfully clear in 2012 when Lowe’s first tabled a hostile bid for the Quebec chain. Speaking out for the first time last week, Mr. Dutton told Radio-Canada that Caisse chief Michael Sabia had always favoured Rona’s sale, but was forced by then Liberal finance minister Raymond Bachand to block the Lowe’s bid in 2012. Mr. Dutton’s ouster and subsequent board changes, he said, were engineered by the Caisse to pave the way for a much richer bid by Lowe’s, a premium made possible by a weak Canadian dollar.

Mr. Sabia has offered a different version of events. In 2012, the Caisse, which owned about 17 per cent of Rona, believed that the Quebec chain could still be a consolidator in the North American home-renovation sector if it boosted its competitiveness. By early 2016, that plan no longer seemed feasible. “Rona was improving, but it was still not well-positioned,” Mr. Sabia said in February.
CDPQ  competitiveness  consolidation  economic_nationalism  gatekeepers  generational_change  hollowing_out  Konrad_Yakabuski  Quebec  M&A  mergers_&_acquisitions  multinationals  weak_dollar 
april 2016 by jerryking
Insiders’ Guide to Montreal
MONTREAL IS A CITY of contrasts. Spreading out across an island at the confluence of the St. Lawrence and Ottawa Rivers, it’s a town of close to 1.7 million people in which Old World elegance…
Montreal  Quebec 
july 2015 by jerryking
Are we witnessing the strange death of Liberal Canada?
This week, a quarter of a century ago, Jean Chrétien won the Liberal Party leadership. On June 23, 1990, he defeated Paul Martin at a convention in Calgary, while back in Ottawa the Meech Lake…
liberalism  Canada  Quebec  liberal-party 
june 2015 by jerryking
Three generations of de Gaspé Beaubien family give back to Canada - The Globe and Mail
GATINEAU, QUE. — The Globe and Mail
Published Friday, Jun. 05, 2015

Working with Ottawa Riverkeeper’s capable executive director, Meredith Brown, the partnership last weekend hosted a summit, AquaHacking 2015, in a hotel just across the river from Parliament Hill. With the help of co-sponsor IBM, they held a “hackathon” and gave out $20,000 in prizes to computer wizards who came up with the best applications to help gather data on the health of the river. Some came from as far away as California to compete.
philanthropy  family  family-owned_businesses  water  family_business  public_service  Quebec  civics  youth  leadership  giving  serving_others 
june 2015 by jerryking
Quebec students get a lesson in austerity - The Globe and Mail
The Globe and Mail
Published Monday, Mar. 30 2015

Any society would be in big trouble if its students, out of fear or complacency, did not protest. Challenging the existing order is a rite of adulthood and an initiation into democracy. Social change often starts on campuses, those righteous repositories of the social conscience of a nation.
Konrad_Yakabuski  Quebec  Colleges_&_Universities  austerity 
april 2015 by jerryking
Paul Desmarais: The patient empire builder
Oct. 09 2013 | The Globe and Mail | by SOPHIE COUSINEAU AND JACQUELINE NELSON.
obituaries  moguls  Canadian  Quebec  insurance  banking  Paul_Desmarais  Sophie_Cousineau 
november 2013 by jerryking
What sent Shoppers and Loblaw down the aisle? Wal-Mart - The Globe and Mail
Jul. 19 2013 | The Globe and Mail | Sylvain Charlebois.

Wal-Mart’s purchase of Woolco in 1994 remains the most transformational transaction in Canada’s food retailing industry. Everything happening in food distribution today continues to be affected by it. Most Canadians didn’t realize it then, but Wal-Mart’s entrance into the Canadian market would change everything: the way we shop; what we buy; and, most importantly, how we buy and value food.

Ever since Wal-Mart entered the Canadian market, it never hid its ambition of becoming Canada’s top food retailer, as it has in the United States.
Shoppers  Loblaws  mergers_&_acquisitions  Sylvain_Charlebois  M&A  food  distribution_channels  Wal-Mart  grocery  supermarkets  retailers  Quebec  Sobeys  Target 
july 2013 by jerryking
Galerie au chocolat
Hi Jerry,

I hope all is well.
You have 2 options.

1.) You can order from our website
2.) You can purchase a 454g cube from Costco (item 84173).

Please let me know if there is anything else we can do for you.
Have a great day.

chocolate  Quebec  Montreal 
may 2013 by jerryking
Bernard Roy was Brian Mulroney's right-hand man - The Globe and Mail
Konrad Yakabuski

The Globe and Mail

Monday, Apr. 15 2013,

“Thank you enormously, but I am going to decline your generous offer,” Mr. Roy wrote. “In accepting your invitation to become the prime minister’s chief of staff, it was to help you and serve Canada. I did my best.”
chief_of_staff  Brian_Mulroney  obituaries  Quebec  lawyers  friendships  Konrad_Yakabuski  politicians 
april 2013 by jerryking
Value, not cost, is the basis of education
Mar. 13 2013 | The Globe and Mail | TODD HIRSCH.

“Free tuition NOW.” But if the picketing university students were honest, their signs would read: “I want someone else to pay for my education.” Education is never free. Someone has to pay.

But the students’ view that someone else should help pay for their tuition is a reasonable request....Cost is what we give up to get something, and it’s usually captured by the dollar price of the good. Value reflects how useful, essential or emotionally appealing something is, and that can differ wildly between individuals and circumstances.

For a variety of reasons, cost is not always aligned with value. ...Like free drinks at an open bar, free tuition would no doubt be welcomed by students. But is there a danger education could be devalued? Would it be wasted if students dropped out of courses with less thought or regard, if they didn’t pay the tuition? Or might they “consume” too much, earning degree after degree with no practical goal in sight?...The tuition debate focuses entirely on the cost of education. But if we focused more on the value of education, the tone of the debate would change.

Postsecondary education offers tremendous value to students, both in terms of becoming critical, reasoned thinkers and also in terms of earning potential. There’s also value to society because education is a public good that benefits everyone.
education  valuations  costs  free  tuition  Quebec  Colleges_&_Universities 
march 2013 by jerryking
Rona’s new chairman vows ‘quick return’ to profit - The Globe and Mail

MONTREAL — The Globe and Mail

Published Monday, Jan. 21 2013
RONA  Quebec  turnarounds  retailers  hardware  overcapacity  big-box  Sophie_Cousineau 
january 2013 by jerryking
Gerry Doutre: Milking the yogurt market - The Globe and Mail

The Globe and Mail

Published Sunday, Oct. 21 2012
yogurt  Quebec 
november 2012 by jerryking
Implementation of a Traceability System From Constraints to Opportunities for the Industry: A Case Study of Quebec, Canada
Volume 12, Issue 2, 2009 | International Food and Agribusiness Management Review | by Gilbert Lavoie a and Jean-François Forest b
Quebec  traceability  agribusiness  agriculture 
october 2012 by jerryking
Duck Fat
Oct. 3, 2012 | G&M | Bonny Reichert. Use for frying potatoes, mushrooms or eggs
duck  poultry  Quebec  fats 
october 2012 by jerryking
A university degree’s value is incontestable - The Globe and Mail
Jul. 20 2012 | The Globe and Mail | Jeffrey Simpson.

"Whether you measure by the rate of employment or income earned, going to university and graduating improves income and everything that accompanies higher income. Students and their parents understand this truism, which is why entrance demand for universities (and colleges) remains strong."..." the gap between income and prospects for humanities versus science grads is way lower than between all university grads and those without a university degree.

It’s worth bearing this incontestable fact in mind after watching the most startlingly incomprehensible event in Canada this year – at least to those who try to see the world rationally: six months of demonstrations in Quebec. There, students already paying the lowest fees by far in North America took to the streets in large numbers to reject paying modestly more (which would have still left Quebec’s fees the lowest on the continent) and, in some cases, to reject paying any tuition fees at all.

Drunk with their own street power, the leaders of the most militant of the student groups vowed last weekend to keep up their “class struggle” (their words) because they represent “the people” (again, their words), although every public opinion survey suggests that an overwhelming number of Quebeckers disagree with the students’ position on fees. They vowed to make their position heard on behalf of “the people” (read: themselves) throughout the provincial election campaign expected to begin shortly.

Students in Quebec, and elsewhere in Canada, should check with Statistics Canada. In 2009, according to data from the agency’s Labour Force Survey, those with a bachelor’s degree had an unemployment rate of 5.2 per cent, about 2.5 points below the national rate. Those with graduate degrees were doing even better, at 4.6 per cent."
Colleges_&_Universities  Quebec  Jeffrey_Simpson  achievement_gaps 
july 2012 by jerryking
Louis Audet: Speaks six languages, measures every word - The Globe and Mail

TORONTO — The Globe and Mail

Published Friday, Jul. 13 2012,RITA TRICHUR - TELECOM REPORTER

TORONTO — The Globe and Mail

Published Friday, Jul. 13 2012,
Cogeco  profile  CATV  digital_media  Quebec 
july 2012 by jerryking
Jeffrey Simpson - The Globe and Mail

From Friday's Globe and Mail

Last updated Friday, May. 25, 2012
austerity  Colleges_&_Universities  students  cutbacks  Quebec  Jeffrey_Simpson 
may 2012 by jerryking
Agricultural co-operatives provide incentives to perform.jpg - Google Docs
May 15, 2012 | The Globe & Mail | An Information Feature "The Power of Co-operatives"
co-operatives  agriculture  Agropur  Quebec  farming  dairy 
may 2012 by jerryking
Courting the granola – and gun – crowds
February 14, 2012 | Globe and Mail | SEAN SILCOFF
retailers  Quebec  sports 
march 2012 by jerryking
Go west, young Canadians - The Globe and Mail
Margaret Wente | Columnist profile | E-mail
From Thursday's Globe and Mail
Published Thursday, Feb. 09, 2012

The country’s economic, demographic and political power are all shifting. Western power has already begun to change our national values. Stephen Harper’s majority was no fluke. He was elected by a new coalition of westerners and voters in the suburbs of Toronto. These people prefer CTV to the CBC. They think Ottawa and government should matter less, and they seldom think about Quebec at all. This is an epochal shift.
demographic_changes  Alberta  Quebec  population_growth  population_trends  Margaret_Wente  commodities  oil_industry  Saskatchewan  natural_resources 
february 2012 by jerryking
Oka: the making of a Canadian classic
Jan. 31, 2012 | The Globe and Mail | Sue Riedl
Sue_Riedl  cheese  Quebec 
february 2012 by jerryking
Dec. 20, 2011 | The Globe and Mail | Lucy Waverman
recipes  Lucy_Waverman  Tourtière  pork  Christmas  Quebec 
december 2011 by jerryking
Montreal: More than smoked meat and the Métro - The Globe and Mail
erica ruth kelly
Special to Globe and Mail Update
Published Tuesday, Nov. 01, 2011
Montreal  things_to_do  travel  restaurants  cured_and_smoked  Quebec 
november 2011 by jerryking
Roast of Quebec pork loin with maple syrup - The Globe and Mail
marcel mundel
The Globe and Mail
Published Saturday, Mar. 01, 1997
pork  recipes  Quebec 
october 2011 by jerryking Cree leader brokered James Bay hydro deal
October 9, 2010 | The Globe & Mail | by ALAN
HUSTAK.Obituary for former Cree leader, Billy Diamond. "My philosophy
is simple, if you are going to get things done, you are not going to get
it done sitting in a fancy office," he told his biographer. "You have
to shake things up, you have to break down walls. Leadership is
stretching your creativity. If you let your imagination work, you can do
great things."
obituaries  natives  leaders  Quebec  aboriginals 
october 2010 by jerryking Battle over Plains of Abraham shows Canada's small, timorous heart
February 21, 2009 G&M column by CHRISTIE BLATCHFORD
reacting to the National Battlefields Commission yielded to
separatist-driven furor over a planned re-enactment of the 1759 Battle
of the Plains of Abraham, and the cancelation of the event.
History  Quebec  Christie_Blatchford  re-enactments 
february 2009 by jerryking
Ready for crunch time
Feb. 10, 2009 G&M article by RASHA MOURTADA on finding a
strong investor was the key ingredient for the growth of a Quebec
gourmet granola company
cereals  investing  food  Quebec  Rasha_Mourtada  angels  investors  gourmet 
february 2009 by jerryking
When talk becomes anti-Semitic
July 3, 2006 G&M column by Lysiane Gagnon looking at instances in which Quebec's anti-Semitism comes to the surface.
Quebec  Canadian  anti-Semitism 
january 2009 by jerryking

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