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Updated · MarketWatch · May 7Loblaw shares rise as Canadian market falls
11 articles · Updated · MarketWatch · May 7
- The stock gained 0.62% to C$60.10 on Thursday, while the S&P/TSX Composite Index dropped 0.37% to 33,856.62.
- Loblaw ended the session 13.6% below its 52-week high of C$69.59, reached on 24 February.
- Trading volume reached 1.7 million shares, above the company's 50-day average of 1.4 million, in an otherwise broadly weaker Canadian trading session.
As Loblaw boosts buybacks and dividends, is its value strategy truly easing the burden of food inflation for Canadians? Loblaw fights supplier price hikes, but does its market power ultimately harm smaller Canadian producers and consumer choice? With massive investments in AI and automation, will Loblaw pass savings to shoppers or simply tighten its market grip?