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Market News

18Jan2010
 

Grocery Sales and Profits Robust in '09: Grocery Trade Review

According to George Morris Centre's latest "Grocery Trade Review," Canadian supermarket sales are going to be above the $72 billion mark in 2009, a 5% increase over 2008. This 5% sales increase is conservative as actual sales could increase by 5.5%—the largest increase in the last five years at least and is driven by higher food prices. » Full Story Source: Canadian Grocer E-Newsletter, January 18, 2010