Competition Hits Loblaw’s Q3 Profits

BRAMPTON, Ontario — Food-retailing capacity growth in Canada reached “critical mass” during the third quarter, triggering aggressive price investment and a subsequent dip in profits at Loblaw, officials said Wednesday.

Galen Weston, Loblaw’s executive chairman, acknowledged that not all of Loblaw’s price adjustments during the period resulted in increased volume. The effects of this miscalculation an

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