Canadian grocers Loblaw, Metro profits fall as competition intensifies
date:Nov 14, 2013
ric drug prices.

It said start-up and other costs related to the spin-off of its real estate assets into a real estate investment trust, which was then taken public, Choice Properties, and restructuring charges also dented profit.

Toronto-based Loblaw cut its full-year earnings outlook due to higher-than-expected investments in store expansions and competitive pressure in certain food categories.

I'm disappointed ... we will not be able to deliver on the expectations we set last quarter, said
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