Statistics Canada this week flagged a year-over-year rise in gas prices in its latest inflation reading.
Gas prices have booked their biggest weekly gain of 2024, rising an average of 5.9 cents per litre of regular fuel across Canada between March 14 and March 21.
Calgary was among the few cities to see discounts at the pumps. Prices fell 2.2 cents per litre to $1.457.) said its U.S. fuel profits fell in its latest quarter as thrifty consumers spend less in its stores. Most of Couche-Tard's nearly 17,000 locations are in the U.S. . In Canada, the company has about 2,000 locations.
"We can look geographically and see that where we've got lower-income consumers, our results are worse and where we've got higher-income consumers, the results are pretty stable," he on a conference call with analysts on Thursday.Stellantis recalls over 10,000 cars in Canada over faulty airbags -Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11% in extended trading. In the U.S., excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms, with companies including Adidas and Foot Locker exercising prudence in response to inconsistent consumer spending trends.
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