ANNUAL MEETING

TORONTO -- After testing a closed on-line shopping site for the past few months, Loblaw Cos. Ltd. isn't convinced about the advantages of the e-grocery business."The present status is that we continue to be only moderately impressed by the potential size and profitability of a home delivery model for foods here in Canada, but we are nevertheless continuing to develop our test model," company chairman

TORONTO -- After testing a closed on-line shopping site for the past few months, Loblaw Cos. Ltd. isn't convinced about the advantages of the e-grocery business.

"The present status is that we continue to be only moderately impressed by the potential size and profitability of a home delivery model for foods here in Canada, but we are nevertheless continuing to develop our test model," company chairman Galen Weston said at the company's annual meeting here. He felt there might be more

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